West Ham sold to asset management companay

Updated: 08 June 2009 12:19 IST

West Ham has been sold to a company owned by Straumur Burdaras Investment Bank.

West Ham sold to asset management companay
©

London:

West Ham has been sold to a company owned by Straumur Burdaras Investment Bank.

The Icelandic government took control of Straumur in March after it became one of the country's last major banks to collapse after running out of liquidity.

The Premier League club said Monday that the sale to asset management group CB Holding secures its long-term future.

West Ham chairman Bjorgolfur Gudmundsson, who is leaving the Hammers, had been looking to sell them following the collapse of Icelandic bank Landsbanki, in which he had a 41 percent stake.

The new non-executive club chairman will be Andrew Bernhardt, a senior director with Straumur Bank who is the majority shareholder in CB Holding.

Topics : Football Bayern Munchen
Related Articles
Lyon Sign Dutch Winger Memphis Depay From Manchester United
Lyon Sign Dutch Winger Memphis Depay From Manchester United
Arsene Wenger Predicts India To Be Next Major Stop For European Footballers
Arsene Wenger Predicts India To Be Next Major Stop For European Footballers
Barcelona End Real Sociedad Hoodoo As Atletico Madrid Cruise
Barcelona End Real Sociedad Hoodoo As Atletico Madrid Cruise
Show Comments
Advertisement