Former West Ham chairman Eggert Magnusson is prepared to make a cut-price offer for the club. The so-called biscuit baron (in fact it was his father who made his money in biscuits) was part of a 2006 Upton Park buyout. The former Icelandic FA chairman feels that he was unfairly made a scapegoat when things fell apart. When ex-owner Bjorgolfur Gudmundsson’s Icelandic banking empire collapsed in the global credit crunch, ownership passed to CB Holdings – owned by Icelandic bank Straumur.
Former West Ham chairman Eggert Magnusson is prepared to make a cut-price offer for the club. The so-called biscuit baron (in fact it was his father who made his money in biscuits) was part of a 2006 Upton Park buyout. The former Icelandic FA chairman feels that he was unfairly made a scapegoat when things fell apart. When ex-owner Bjorgolfur Gudmundsson’s Icelandic banking empire collapsed in the global credit crunch, ownership passed to CB Holdings – owned by Icelandic bank Straumur. Magnusson still lives in London and would like to return to the helm at the Boleyn Ground, a prospect not greeted with much enthusiasm by West Ham fans. Straumur chief executive Andrew Bernhardt has been in talks with potential buyers from Asia and America and Magnusson’s reluctance to meet the current asking price of £100m means he is not the favoured purchaser unless these talks fail.
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