"There is no debt within West Ham from Hansa or vice versa"
By Harry Amber-Mitchell
Wednesday 19 Nov 2008 15:00:00
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West Ham fans will be pleased to know that Vice Chairman Asgeir Fridgeirsson has said that the club is not in trouble financially after the holding company went into administration.

Hansa, the club's holding company, has got into some financial difficulties and lists West Ham as one of its biggest assets.

Bjorgolfur Gudmundsson's company is the one in trouble, and Hammers fans have been fretting all day about the news their beloved club could be on the brink of financial disaster.

"This is not affecting the operation of West Ham, there is no debt within West Ham from Hansa or vice versa," the  Vice Chairman said.

"The chairman put £30million into the club last year, but it was not a loan.

"There is no money going from the club to the owner. It is firewalled and the operation will go on - it is unaffected by this development."

You read it here first people... unless you read it somewhere else.

Plus, WHY has nobody else realised that the Hammers VC has got the name FRIDGEirsson? Iceland... Fridge... you get the picture.

You've read the news, now let's hear your views. Comment in our message board, or the cat gets it.

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