For Sale: West Ham United

West Ham may be forced to offload Craig Bellamy, Rob Green, Matthew Upson and Dean Ashton in January due to financial pressure, and more gloom comes with the news that the club is on the market...
West Ham United have been put up for sale by the club's Icelandic owner, who is looking to claim a quick profit of £150 million.

The Hammers have been on unsure financial ground since the collapse of Icelandic bank Landsbanki, in which owner Bjorgolfur Gudmundsson has a 41 per cent share.

The club's vice chairman Asgeir Fridgeirsson declared that investors have been sought out, and a price of around £250 million has been set; which is the sum being demanded by the club's parent company Hansa was revealed this week in an Icelandic court.

Gudmundsson acquired the Hammers in November 2006, through WH Ltd., for a price of £85 million but is looking to sell-up in the midst of an economic downturn.

Fridgeirsson is quoted as saying by the Sun: "We are reviewing the asset, looking at what might be the value of the club.

"There is a great interest in the club and many interested parties are calling to show interest.

"It is part of reviewing the assets of Mr Gudmundsson and what might be the possible value of each asset.

"Following such a review we will take a decision whether to sell or not. We don’t have to sell.

"It’s a process where we are gathering options and information to see what is out there in terms of demand."

Peter Staunton, Goal.com