Duxbury: Hammers still stable

08 October 2008 12:38
West Ham United's chief executive Scott Duxbury has again dismissed fears over the club's position being imperilled by chairman Bjorgolfur Gudmundsson's financial problems. Gudmundsson is a major shareholder in Icelandic bank Landsbanki, which had to be bought out by the country's government after it went into receivership earlier this week. However, Duxbury has stated that Gudmundsson remains firmly committed to the Hammers. He told the club's official website: "The position of Landsbanki has absolutely no effect on West Ham United and Mr Gudmundsson's ownership of the club. "Mr Gudmundsson is an investor with a large portfolio, of which Landsbanki was just part. He remains as committed as ever to West Ham United and is not looking to sell the club. "Mr Gudmundsson remains fully committed to the success of this football club and building on the excellent start made by Gianfranco Zola." Irons vice-chairman, Asgeir Fridgeirsson, added in the Daily Mail: "There is no reason to be too pessimistic. "It is a blow for Mr Gudmundsson and his financial strength, but he has numerous other investments which are doing well, so there is no reason to fear he will not fulfil his commitment to West Ham."

Source: ESA