West Ham owners Straumur going cheap as Gold and Sullivan prepare bid

20 December 2009 00:06
West Ham's owners, troubled Icelandic bank Straumur, are aware that they face a huge gamble in assessing the bidders trying to buy the club, among them the former Birmingham City owners David Gold and David Sullivan. [LNB]On initial assessment, none of the bids stands out and it is thought that none will come close to the £100million the bank need to recoup on the club to satisfy creditors and shareholders. [LNB]But relegation to the Championship would drive the value of the club down further to about £60m and with debts at £40m and compensation due to Alan Curbishley and Sheffield United totalling almost £40m, Straumur risk getting next to nothing if they don't do a deal soon.[LNB] Prospective buyer: Former Birmingham City owner David Sullivan[LNB] West Ham will go for the jugular and hurt Chelsea with set pieces: ZolaWest Ham v CHELSEA: Didier Drogba back up front for derby dayGianfranco Zola insists: I must be the one to blame for West Ham's demiseWEST HAM UNITED FC

Source: Daily_Mail