Source: Telegraph
West Ham United owners to seek fresh investment
At the same time CB Holdings, whose majority shareholder is the Icelandic bank Straumur, have renegotiated the terms of a loan facility at the club, thought to be around £30 million, which they hope will place it on a more sound financial footing. [LNB]As part of that deal it's understood that Straumur are preparing to make fresh investment themselves. It's hoped that the appointment of Rothschild and Standard who have been given a joint mandate will lead to a new strategic investor being found. [LNB] Related ArticlesWenger considered re-signing Matthew UpsonZola stays on attackEduardo set for Arsenal returnCoventry City 0 West Brom 0Bets on youth football scrappedSport on televisionThat investor will take a stake and may, eventually, want to acquire overall control of the club in a change of ownership. [LNB]West Ham chairman Andrew Bernhardt, who was appointed by Straumur, has fielded numerous inquiries about the club and has now decided to appoint professional advisers to investigate the possibilities. [LNB]He said this approach is the best for the club's long-term future having held so far discussions with a number of parties including the former Birmingham City co-owners David Sullivan and David Gold. West Ham have also played down an approach from Jim Bowe, a former Wall Street financier turned chief executive of Intermarket Group. [LNB]West Ham are 19th in the Premier League and entertain Arsenal on Sunday. [LNB]
