Monday, November 06, 2006

Doubts grow over West Ham bidders

Whenever Terry Brown was asked about his intentions for his West Ham shareholding, he would explain that only a "Roman Abramovich character" could persuade him to sell. What would the point be of handing over his 36.6% stake in the club to anyone with resources that are not significantly greater than the group of families currently at the helm? It was this rationale that the West Ham chairman employed in refusing even to listen to the overtures of the Icelandic bidder, Eggert Magnusson, and that also motivates his obliging accommodation of the Israeli hotelier Eli Papouchado. At close of business yesterday the latest of at least three "deadlines" to have been imposed on Papouchado and his interlocutor, the Anglo-Iranian businessman Kia Joorabchian, expired. .

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