Friday deadline set for takeover
By Tom Dowsett
Wednesday 09 Dec 2009 10:38:00
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Reports in today's Daily Mirror claim that West Ham United have set a deadline of Friday for any potential takeover bids to take place.

Icelandic investment bank Straumur, who own West Ham, have employed prestigious private firm Rothschild to handle takeover bids for the club.

David Sullivan and the Gold brothers, who recently sold Birmingham, are favourites to get control of Upton Park should the club be sold off soon.

The former Birmingham City Owners hope to buy West Ham for a cut price due to the clubs crippling debts of more than £100m, including running losses of £30m this season.

The trio are waiting to learn if Straumur have managed to extend a moratorium in Iceland on their creditors, before they make their final offer.

Sullivan and the Golds are ready to step in immediately should Straumur’s cash crisis deepen.

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They are desperate to get their hands on the club quickly in an attempt to turn struggling West Ham's season around.

If successful, Sullivan and the Gold brothers David and Ralph intend to retain the club’s star players in January and invest funds for new players.

But they are insisting on a quick decision as relegation would be a disaster for West Ham.

Incase their bid for West Ham Fails, the trio have already opened talks with League One Charlton about a possible takeover. West Ham Would be preferable to the trio however, as they all have an emotional attatchment to the club after growing up in the area.

Coincidentally, West Ham travel to St Andrews on Saturday.

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