The Hammer Falls
Yet the symbolism of a bottom three place in a league table which managers traditionally view as about the first serious form guide for the season has not been lost on media commentators. Reports that Zola has enquired after Livorno midfielder Antonio Candreva, though, have been denied by the Italian’s agent Andrea Moretti.
But takeover talk has dominated West Ham’s recent news agenda. Sullivan has expressed the most vocal interest in taking over from CB Holdings, the company set up by creditors of Icelandic bank Straumur; themselves owed money by bankrupt former Hammers owner Bjorgolfur Gudmundsson. However, his comments about what he sees as West Ham’s “huge” debts have annoyed CB Holdings, who have reportedly rejected his initial advances. Sullivan was a club shareholder in the 1980s alongside erstwhile Birmingham City business partner Gold, who also played for West Ham’s youth team in long-ago days. Sullivan claimed: “West Ham have always had a special place in my heart. But, looking from the outside, the debts seem to be absolutely huge. They need investment quickly, or they could end up bust.” CB Holdings have valued the club at £100m. This matches Sullivan’s estimate of the debts and therefore reportedly matches his offer, while CB Holdings calculate the debt as nearer £50m and would also expect a cash injection. Former chairman Eggert Magnusson has also expressed an interest in a return to Upton Park. The former ‘biscuit baron’ and Icelandic FA chairman, who still lives in London, was largely blamed for West Ham’s overspending in the early days of their Icelandic ownership. But Magnusson believes he was made a scapegoat for other financial problems and reportedly retains a “deep fondness” for the club. Tags: West Ham, Gianfranco Zola, Junior Stanislas, Scott Parker, Hammers, CB Holdings, Eggert Magnusson Posted: |