Friday, February 02, 2007

We can cope with relegation, says West Ham chairman

Eggert Magnusson, the West Ham United chairman, insisted yesterday that his Iceland consortium considered the possibility of relegation before completing its £85m takeover of the club in November and has promised to make funds available for a quick return to the Premiership should the "worst case scenario" occur. Alan Curbishley's side remain three points adrift of safety and, having won just two of their last 14 games, the prospect of Championship football looms. The signing of Matthew Upson on Wednesday took spending in the January transfer window to £18m and relegation this season would see West Ham miss out on a share of the Premiership's new £625m television deal. .

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