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| Version 0 | Version 1 |
|---|---|
| Magnusson closes on Hammers deal | Magnusson closes on Hammers deal |
| (about 3 hours later) | |
| An Icelandic consortium is expected to agree a deal with West Ham's owners to take over the club early this week. | An Icelandic consortium is expected to agree a deal with West Ham's owners to take over the club early this week. |
| Eggert Magnusson, the president of the Icelandic FA and a member of Uefa's executive committee, is set to replace Terry Brown as chairman. | Eggert Magnusson, the president of the Icelandic FA and a member of Uefa's executive committee, is set to replace Terry Brown as chairman. |
| Magnusson met Brown over the weekend and confirmed the consortium were preparing a formal offer after completing the due diligence on Friday. | Magnusson met Brown over the weekend and confirmed the consortium were preparing a formal offer after completing the due diligence on Friday. |
| The offer is expected to be for £75m, plus taking on the club's £22.5m debt. | The offer is expected to be for £75m, plus taking on the club's £22.5m debt. |
| 606 DEBATE: Will the Icelandic consortium deal good for the club? | |
| The consortium's main backer is billionaire financier Bjorgolfur Gudmundsson, who is chairman of the Icelandic bank Landsbanki. | The consortium's main backer is billionaire financier Bjorgolfur Gudmundsson, who is chairman of the Icelandic bank Landsbanki. |
| If the bid is successful Magnusson will resign his administrative posts at the same time. | If the bid is successful Magnusson will resign his administrative posts at the same time. |
| Magnusson has already met Hammers boss Alan Pardew to reassure him of his support and that he will have funds for signings in the January transfer window. | Magnusson has already met Hammers boss Alan Pardew to reassure him of his support and that he will have funds for signings in the January transfer window. |
| The futures of Carlos Tevez and Javier Mascherano look less secure. | The futures of Carlos Tevez and Javier Mascherano look less secure. |
| The Argentina internationals were brought to West Ham by Iranian-born Kia Joorabchian, who then led a takeover attempt that failed to lead to any offer for the club. | The Argentina internationals were brought to West Ham by Iranian-born Kia Joorabchian, who then led a takeover attempt that failed to lead to any offer for the club. |
| Tevez and Mascherano have played sporadically and their arrival has coincided with West Ham's recent slump. | Tevez and Mascherano have played sporadically and their arrival has coincided with West Ham's recent slump. |
| The Hammers have gone out of both the Uefa and Carling Cups and they are fifth bottom of the Premiership. | The Hammers have gone out of both the Uefa and Carling Cups and they are fifth bottom of the Premiership. |