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. 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.  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. 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. 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. West Ham are 19th in the Premier League and entertain Arsenal on Sunday.

Source: Telegraph