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Ben Hayes - Charlton Athletic programme

West Ham Step Up Search For New Backer

Submitted by WG on Sun, 25/10/2009 - 01:00

CB Holdings, which runs West Ham, has hired two investment banks as it steps up its search for a new backer. They have brought in Rothschild and Standard Bank, based in South Africa. Rothschild has advised on a number of football club takeovers, including the purchase of Aston Villa by Randy Lerner in 2006. The appointment of Standard may suggest that the club thinks there may be investment possibilities in Africa. The bank has close ties with African sport and has just signed an eight-year deal with the Confederation of African Football to sponsor some of the continent's biggest tournaments. West Ham insist that they are looking for a strategic partner to take the club forward, but if a serious offer was made for the whole club, it would be considered.

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