New owners would sell West Ham

08 June 2009 04:44
West Ham's new owners have admitted they will consider offers for the club despite having only just secured a takeover. CB Holding, an Icelandic holding company made up of banks owed money by the Hammers' previous owner Bjorgolfur Gudmundsson, have a two-year plan for the club as they do not believe current market conditions are favourable for a sale. However, should any potential buyer come forward - and an American investor who has already had one £70million offer turned down is still interested - then they would be prepared to sell. Georg Andersen, head of corporate communications at the investment bank Straumur which owns 70% of CB Holdings, told PA Sport: "Every club is for sale at the right price but we honestly believe that with the market as it is right now it will be extremely difficult to find the right value. "I'm not going to pretend we are going to own the club forever. Our plan is to hold onto the club for a couple of years, or maybe four or five years, until we believe we can get an appropriate price."

Source: Eurosport