West Ham accept £85m takeover | Leisure Opportunities
Leaderboard
Job Search
see all jobs
Latest job opportunities
University of Warwick
£21,585 to £24,983 pa
Coventry, United Kingdom
Soho Gyms
Competitive
London, United Kingdom
St Michaels Hotel and Spa
£8/hour
Falmouth, Cornwall, United Kingdom
Jump Arena
Competitive
Luton, United Kingdom
Center Parcs Ltd
Up to £18,600 pa + benefits
Whinfell Forest, Cumbria, United Kingdom

West Ham accept £85m takeover

Job opportunities
Coventry Sports Foundation
£9.00 per hour
location: Coventry, United Kingdom
training
The Gym Academy
location: Nationwide, United Kingdom
The Royal Parks
£20,580 - £23,860
location: London, United Kingdom
more jobs

The board of West Ham United is to give its support for an £85m takeover from an Icelandic consortium led by Eggert Magnusson.

The consortium has secured 83 per cent of shares and the West Ham board has recommended the offer to remaining shareholders.

The news ends a long-running takeover saga which started with Iranian businessman Kia Joorabchian. Joorabchian's team completed due diligence but failed to table a firm bid for the club, resulting in the decision to open the books to Magnusson at the beginning of November.

Magnusson will replace Terry Brown as chair of the club, although Brown will remain as a director. Magnusson will also step down from his positions as president of the Icelandic Football Association and a member of the executive committee of UEFA.

Magnusson said: "I am both delighted and honoured that Terry Brown and his colleagues wish to support our offer for West Ham. We can now end the uncertainty of recent weeks and move forward into the next phase of development."

It is expected that the consortium, which is backed by billionaire banker Bjorgolfur Gudmundsson, will also take on the club's debts of £23m, taking the total investment to around £108m – a higher value than many commentators placed on the East London club which is currently fifth from bottom in the Premiership.

Sign up for FREE ezines & magazines
The board of West Ham United is to give its support for an £85m takeover from an Icelandic consortium led by Eggert Magnusson.
NULL,SAR,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL
211106-westham.jpg
employer of choice
John Treharne, CEO, The Gym Group
Would you like to work for a gym operator that allows you to develop and use your skills to the full whilst being well rewarded? The Gym is totally committed to allowing 'the manager to manage' and rewarding our key personnel for delivery.