Dean Ashton interview.
http://www.skysports.com/story/0,19528,11685_5919004,00.html
Saturday, 6 February 2010
Tuesday, 19 January 2010
David Gold and David Sullivan
It has just been announced that David Gold and David Sullivan have taken control of 50 per cent of West Ham. Sullivan has just given an interview on Sky Sports News where he has stated that he will not sack Zola as manager (one of the rumours being spread via the media over the weekend).
It is good to have two, long-term West Ham fans in charge of the club. However, they clearly do not have the funds to turn us into a top four club. In his interview Sullivan made it clear that he would welcome other wealthy West Ham fans to buy the other 50%. It has been suggested that Tony Fernandes, might be interested in joining Gold and Sullivan in the project. If that happens, we could well be a force to be reckoned with in the future.
It is good to have two, long-term West Ham fans in charge of the club. However, they clearly do not have the funds to turn us into a top four club. In his interview Sullivan made it clear that he would welcome other wealthy West Ham fans to buy the other 50%. It has been suggested that Tony Fernandes, might be interested in joining Gold and Sullivan in the project. If that happens, we could well be a force to be reckoned with in the future.
Wednesday, 30 December 2009
Intermarket to Buy West Ham?
Daily Telegraph
http://www.telegraph.co.uk/sport/football/leagues/premierleague/6907501/London-company-to-bid-for-West-Ham.html
David Byrne, Intermarket’s company secretary and one of its two founding directors, said an offer would be lodged at the beginning of next week. “We will be making a bid on Monday,” Byrne told The Daily Telegraph.
He added that he could not reveal any details of the offer – or his backers – as Intermarket had signed a non-disclosure agreement with Rothschild Bank, which has been engaged by West Ham’s owners, CB Holding, to canvas potential investors.
Byrne said that he expected to find out quickly whether Intermarket’s bid was acceptable to CB Holding, whose main shareholder is the Icelandic bank, Straumur.
It is understood that Intermarket values the club at around £100million. However, that includes estimating the debts at £48million — West Ham are adamant they are closer to £38million — and factoring in the costs of outstanding settlements to Sheffield United because of the Carlos Tévez affair and to former manager Alan Curbishley. In essence this means that only around £30million would go to Straumur and the other creditors.
A bid for West Ham was submitted before Christmas by former Birmingham City co-owner David Sullivan which amounted to £46million for a 50 per cent controlling stake. Under the Sullivan plan money would be committed to debt repayment and to sign new players in return for shares, but no cash would go to CB Holding, which had been hoping for an eventual return of around £50million.
Straumur insists that it is under no pressure to sell. However, it has not ruled out doing a deal with either party, or other potential bidders, though it has been annoyed by the tactics used, by the Sullivan bid in particular, to portray the club as being in meltdown and needing to sell all its star players in January.
West Ham will have to sell one of their big-name players to provide the funds for manager Gianfranco Zola to strengthen the squad in the transfer window. The most likely candidate is Matthew Upson who is 30, has 18 months left on his contract and is refusing to sign a new deal.
Upson is also keen to leave to strengthen his hopes of making England’s World Cup squad and is believed to be available for around £12million.
CB Holding has pledged that any funds raised in January through transfers will be made available to Zola in full.
http://www.telegraph.co.uk/sport/football/leagues/premierleague/6907501/London-company-to-bid-for-West-Ham.html
David Byrne, Intermarket’s company secretary and one of its two founding directors, said an offer would be lodged at the beginning of next week. “We will be making a bid on Monday,” Byrne told The Daily Telegraph.
He added that he could not reveal any details of the offer – or his backers – as Intermarket had signed a non-disclosure agreement with Rothschild Bank, which has been engaged by West Ham’s owners, CB Holding, to canvas potential investors.
Byrne said that he expected to find out quickly whether Intermarket’s bid was acceptable to CB Holding, whose main shareholder is the Icelandic bank, Straumur.
It is understood that Intermarket values the club at around £100million. However, that includes estimating the debts at £48million — West Ham are adamant they are closer to £38million — and factoring in the costs of outstanding settlements to Sheffield United because of the Carlos Tévez affair and to former manager Alan Curbishley. In essence this means that only around £30million would go to Straumur and the other creditors.
A bid for West Ham was submitted before Christmas by former Birmingham City co-owner David Sullivan which amounted to £46million for a 50 per cent controlling stake. Under the Sullivan plan money would be committed to debt repayment and to sign new players in return for shares, but no cash would go to CB Holding, which had been hoping for an eventual return of around £50million.
Straumur insists that it is under no pressure to sell. However, it has not ruled out doing a deal with either party, or other potential bidders, though it has been annoyed by the tactics used, by the Sullivan bid in particular, to portray the club as being in meltdown and needing to sell all its star players in January.
West Ham will have to sell one of their big-name players to provide the funds for manager Gianfranco Zola to strengthen the squad in the transfer window. The most likely candidate is Matthew Upson who is 30, has 18 months left on his contract and is refusing to sign a new deal.
Upson is also keen to leave to strengthen his hopes of making England’s World Cup squad and is believed to be available for around £12million.
CB Holding has pledged that any funds raised in January through transfers will be made available to Zola in full.
Thursday, 19 November 2009
Harry Rednapp and Andriy Shevchenko
Harry Redknapp has revealed how he missed out on signing Andriy Shevchenko as West Ham United manager. According to a report in today's Guardian, Redknapp admits he could've signed the former AC Milan and Chelsea striker. "I was at West Ham and Frank Lampard Snr and I were approached by these two villains who said they were doing some business in the Ukraine, and we were so scared of them we agreed to have a look at a couple of these kids. One of them we played against Barnet Reserves and he scored the winner. They said they wanted a million quid for him, and Frank said it was too much - well I’m blaming Frank — and we let him go. His name was Andriy Shevchenko!"
Wednesday, 11 November 2009
Intermarket and West Ham United
David Byrne, Intermarket's company secretary, and one of its two founding directors claimed on Tuesday that it had signed a non-disclosure agreement with Rothschilds. Byrne said: "Some people were dismissing us as not being serious bidders but we are. We have satisfied them [Rothschilds] that we have proof of funds."
When Intermarket went public with its interest in West Ham several weeks ago, the claim was met with scepticism by sources at CB Holdings, the company that controls the club. They questioned Intermarket's intentions and made it clear that West Ham will not be sold cheaply.
It is understood that Intermarket value the club at £100 million – claiming that includes taking on debts that they estimate at £48 million and also the costs of the Carlos Tévez affair.
It means that the group of creditors who own West Ham would receive just over £30 million, which is far less than they are hoping to recoup and would be unacceptable.
Byrne said that the investors he represents will have the financial backing to improve the club's prospects in the transfer market and improve the squad, backing manager Gianfranco Zola.
"We have definitely got the interested parties with the money needed to do what we need to do and get in some funding to stop West Ham having to sell players and make sure they can strengthen to be able to avoid relegation," he said.
There has also been annoyance that Intermarket have not made public where their proposed funding is coming from but Byrne claimed on Tuesday that the information had now been passed on to Rothschilds.
He added that he represented "a group of investors from institutional level down to high net-worth individuals".
Byrne said: "We are West Ham supporters and are deadly serious and we believe we have satisfied Rothschilds that we are serious. This has been portrayed as an American bid (because of the involvement of a US financier Jim Bowe) but that's not the case. The Intermarket Group is London based."
Signing an NDA does not mean that Intermarket have been granted permission to start due diligence and does not mean that the company has to prove it has funding. There are also, according to sources, other potential bidders and investors who have been appointed along with Standard Bank, and who are trying to access the club's books.
Byrne claimed that he expected to see "official figures" next week which will lay out West Ham's finances and added that Intermarket were keen to try and finalise a deal before a creditors meeting on Dec 11.
http://www.telegraph.co.uk/sport/football/leagues/premierleague/westham/6540103/West-Ham-United-takeover-bid-is-for-real-insist-Intermarket.html
When Intermarket went public with its interest in West Ham several weeks ago, the claim was met with scepticism by sources at CB Holdings, the company that controls the club. They questioned Intermarket's intentions and made it clear that West Ham will not be sold cheaply.
It is understood that Intermarket value the club at £100 million – claiming that includes taking on debts that they estimate at £48 million and also the costs of the Carlos Tévez affair.
It means that the group of creditors who own West Ham would receive just over £30 million, which is far less than they are hoping to recoup and would be unacceptable.
Byrne said that the investors he represents will have the financial backing to improve the club's prospects in the transfer market and improve the squad, backing manager Gianfranco Zola.
"We have definitely got the interested parties with the money needed to do what we need to do and get in some funding to stop West Ham having to sell players and make sure they can strengthen to be able to avoid relegation," he said.
There has also been annoyance that Intermarket have not made public where their proposed funding is coming from but Byrne claimed on Tuesday that the information had now been passed on to Rothschilds.
He added that he represented "a group of investors from institutional level down to high net-worth individuals".
Byrne said: "We are West Ham supporters and are deadly serious and we believe we have satisfied Rothschilds that we are serious. This has been portrayed as an American bid (because of the involvement of a US financier Jim Bowe) but that's not the case. The Intermarket Group is London based."
Signing an NDA does not mean that Intermarket have been granted permission to start due diligence and does not mean that the company has to prove it has funding. There are also, according to sources, other potential bidders and investors who have been appointed along with Standard Bank, and who are trying to access the club's books.
Byrne claimed that he expected to see "official figures" next week which will lay out West Ham's finances and added that Intermarket were keen to try and finalise a deal before a creditors meeting on Dec 11.
http://www.telegraph.co.uk/sport/football/leagues/premierleague/westham/6540103/West-Ham-United-takeover-bid-is-for-real-insist-Intermarket.html
Wednesday, 4 November 2009
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