Eggert Magnusson steps down at West Ham

Rikand

Eggert Magnusson has stepped down as chairman of West Ham and sold his stake in the club.

Magnusson, who was part of the Icelandic consortium that bought the Hammers a year ago, had already quit as executive chairman earlier this year.

"Now that I need to focus a little more on my interests overseas, I think it is the right time to stand down," he said.

Owner Bjorgolfur Gudmundsson has become chairman and executive chairman and has bought Magnusson's 5% shareholding.

http://news.bbc.co.uk/sport2/hi/football/teams/w/west_ham_utd/7142408.stm

Unearthly

Its a total non story really, he was only the public face of the consortium and only held a 5% stake in the club. One of the other Icelandic consortium members is taking over as the chairman and figurehead of the consortium, so nothing really changes.

Savman

Still bizarre though. Oh wait, it's West Ham.

yahoo_moe

Unearthly wrote: »

Its a total non story really, he was only the public face of the consortium and only held a 5% stake in the club. One of the other Icelandic consortium members is taking over as the chairman and figurehead of the consortium, so nothing really changes.

Agreed.

Still be fun to see Mascherano to West Ham in January and another takeover attempt from Joorabchian though

Fratton Fred

That's the way the cookie crumbles I guess

MrJoeSoap

Fratton Fred wrote: »

That's the way the cookie crumbles I guess

Stop it.