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West Ham takeover deal completed

08 Jun 2009 08:34:24

West Ham takeover deal completed

West Ham have been taken over by asset management company CB Holding. Chairman Bjorgolfur Gudmundsson and vice-chairman Asgeir Fridgeirsson have resigned from the club's board. The new non-executive chairman will be Andrew Bernhardt, a senior director with Straumur Bank, which is the major shareholder of CB Holding. He told the club's website: "I can assure fans we will sanction investment in new players, but all within the parameters of sensible budgeting." He added: "CB Holding ha.... read more


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