Thursday, November 09, 2006

Kia wanted £15M knocked off West Ham price

The Sun says it is claimed the Iranian-born businessman wanted around 15million lopped off the original asking price of 75m. After going through the club's accounts, the consortium fronted by Joorabchian insisted debts are as much as 15m greater than the official estimate of 23.5m. They claim money is also owed on transfer deals, including the record-busting 7.25m arrival of Dean Ashton from Norwich. On top of that, bonus payments are due to players related to performances and league position. It is understood debts or 'liabilities' approach 40m and Joorabchian wanted that reflected in a reduced asking price. The Hammers, who held a board meeting yesterday, have refused to budge and it looks as if Joorabchian's long-running battle to get control at Upton Park is finally over.

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