Franco Deal Funded by Staff?
By Tom Dowsett
Friday 25 Sep 2009 11:54:00
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Reports this morning suggest that the transfer of Mexican hitman Guillermo Franco might not be what it seems.

Alledgedly, Technical Director Gianluca Nani and CEO Scott Duxbury had to raise the funds from their own pockets in order for the club to be able to finance the deal to capture his services.

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The London Evening Standard reported that the delay in signing Franco was purely based on fiscal reasons, and was only completed once the back room duo agreed to cover players and agents fees.

This was only agreed to by the senior figures because the bank who owns the club - CB Holdings - refused to sanction the move, as they did not believe another forward was required following the signing of Italian striker Alessandro Diamanti.

There is also speculation that defender James Collins was sold on deadline day to satisfy CB Holdings, who are becoming increasingly concerned about the financial situatiion at West Ham United.

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