West Ham set for takeover bid from London-based company Intermarket

30 December 2009 15:49
Financial company Intermarket is set to make a takeover bid for Premier League strugglers West Ham. [LNB]The London-based company is believed to value the club at £100million and, according to the Daily Telegraph, is expected to table the offer on Monday.[LNB]The figure includes an estimate of £48m worth of debt while the club's owners, CB Holdings, insist they are nearer £38m.[LNB] Ups and downs: The Hammers beat Portsmouth on Boxing Day but they sit just above the relegation zone on goal difference after losing to Spurs two days later[LNB]A spokesman for Intermarket said he could not reveal any details as the company had signed a non-disclosure agreement withRothschild, the bank appointed by CB Holdings to canvas potentialinvestors.[LNB]Icelandic bank Straumur, the main shareholder in CB Holdings, is in no hurry to sell after being granted an extension until September 2010 to pay off their debts.[LNB]Former Birmingham City co-owners David Sullivan and David Gold have already had a bid for the Hammers rejected.[LNB] Tony Fernandes rules out making a bid for struggling West Ham UnitedSpurs 2 West Ham 0: Defoe and Modric propel Tottenham into the top fourWest Ham owners to reject £50m bid from Birmingham duo Gold and SullivanLEO'S LONDON: Super Cesc Fabregas has proved he is Arsenal through and throughWEST HAM UNITED FC

Source: Daily_Mail