Anonymous said...
The real power behind West Ham

Bjorgolfur Gudmundsson, the Icelandic investor who owns 95% of the company that took over at Upton Park, was once convicted of embezzlement

 

 Anonymous said...
But Gabbidon sucks... ;)
 

 whubris said...
Well to be serious I don't think he's been in good form anyway - with Anton fit and Collins coming in, we might actually find a good partnership. I rate Collins. It's a shame we sold Ward though.
 

 Anonymous said...
Is there any pre match Everton news?

They got pumped by ManU last week. Without Cahill they may have a softer centre.
 

 Dave said...
Without Cahill and Johnson vs Man U and from what I've read AJ won't be back in a hurry.

WHUBris - Gabbs has been in top form since the Arsenal win.
 

 norven munky said...
G the countdown to the Everton game is wrong. Kick off is Sun 3rd Dec 4pm London time.
 

 whubris said...
Arg. It's because they change kickoff times - it's hard to keep up.
 

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 norven munky said...
Quite a bit of Pardew discussion in this post at KUMB

http://www.kumb.com/story.php?id=11975

Some notable stuff :-

Tevez? I have to say I thought he was very good. He didn’t get substituted because he was playing poorly. We lost Gabbidon and suddenly looked a very little team. I brought Teddy on to defend set plays – that’s where we were today. If I felt we’d been in control of the game Tevez would have carried on – that was the only reason I took him off. We looked small – I needed two big strikers on to defend. He did get a great reception. His technique is what West Ham fans like. His commitment was there – he was charging around. I have to tell you because you’re going to find out later anyway but he’s gone straight home after the game. I’m very disappointed with that. I haven’t had a chance to explain to him why I subbed him. That’s only happened to me as a manager once before. (In response to a journalist’s question as to whether “home” meant London or Argentina”) There’s only three people in this room would have asked that question (Laughter).

The other time that happened? It was just after I joined West Ham. I fined the player a week’s wages because I felt it was disrespectful to me, my staff and the other players. I’ll have to listen to Carlitos’ explanation. I’m sure it’s just disappointment but that’s no excuse – he has an explanation to give to me on Monday morning. Who was the other player? I think I’ll keep that to myself.

Does Bobby’s lack of goals concern me? Yes. For all his work-rate and commitment, strikers live on goals. There was the move in the first half where he elected to pass and an in-form Bobby would have smashed that in.

Mascherano? Yes it’s difficult for him because he’s desperate to play. For all that’s been said, the two guys have had a first class attitude in training. I think our professionalism to them has also been first class I might add – both players and staff. Mascherano will be disappointed because he wants to play but Hayden Mullins was probably the pick of our players again today. He’s just signed a new contract and plays the same role. He just has a bit more physical power and experience than Mascherano at the moment. So he gets the nod.

An offer for Shaun Wright Phillips? That wasn’t actually true. I made an enquiry. Are they using us to set up an auction? I’m not going to comment on that. They announced that we’d made an enquiry – it was unusual for them to say that but that’s all I’m going to say on that.

The new chairman’s dancing technique? I didn’t see him dance to be honest! It was shocking was it!? Well I think the fans can see that there’s a genuine enthusiasm about him. I’m going to encourage that – I’m going to tell him to reach for the stars and to give me lots of money. Since he’s arrived all the talk has been about the January transfer window. It’s not about that. It’s about the player’s we’ve got. I hope the reporting doesn’t focus on Tevez leaving, or players that might come in. It was a gritty performance in a high pressure game today.
 

 norven munky said...
So I hafta say it would have been hard for Tevez to understand why he was substituted.

He's had his best game since coming to us, has a hand in the goal and get's substituted when we are 1-0 up. Pardew says it was a tactical substitution and I guess you can't argue that he managed to get em through to the final whistle with the 3 points in tact but I think it is entirely understandable Tevez was peeved.

By all accounts the fans booed the substitution too.

Given he was subbed by Marlon and Marlon didn't shake his hand on a previous substitution, I wonder if Carlitos shook Marlon's hand?

There was a SU goal disallowed in the 94th min too for a foul on Green and sounds like there wasn't much in it.
 

 Anonymous said...
West Ham are to open talks that could lead to them quitting Upton Park and moving into the new stadium being built for the 2012 Olympic Games in a deal that would result in football and athletics being staged there.

A running track? No thanks. So much for the days of the Chicken Run.
 

 whubris said...
Someone posted below that seating would cover the track on match days? Anyone read this?
 

 norven munky said...
while I had read something to that effect very early in the piece, there has been a lot of back peddling since then.

Apparently it is very clear that the IOC stipulated that there must a be an athletics facility as a legacy after the games. Official comments since then have said that if a football clucb is to move to the stadium they will have to :-

1) pay about 100 mill quid
2) be happy with a dual use facility
3) accept a severely reduced capacity as a result.

If the stick to these requirements it won't happen.

But perhaps they don't want to piss off the IOC before the games and will be singing a different tune afterwards.

I hope they hang tough and it will never happen.
 

 Anonymous said...
"Some form of retractable seating would be installed so that the track would be covered when matches were being played, as happens at the Stade de France in Paris when France play internationals there."
 

 whubris said...
I've never seen that sort of thing, I imagine the atmosphere would still be pretty good though?
 

 Anonymous said...
I don't know how the olympic stadium would work but the stade de france has 3 tiers. the bottom tier holds 25,000 and can be retracted under the middle tier. However I believe that it takes around a week to do.

If this happens then I'll totally reevaluate my opinion on moving there
 

 Anonymous said...
Ian 'This Man Is Paid To Talk' Wright's MOTD2 offering, transcribed verbatim:

"Well I think, definitely, in the second half they came out with a better attitude but I think I've seen Chelsea play a few times and they don't really play a lot more. Their tempo's not much more than they started there but they just didn't have the width. They still tried to play the ball to the strength but all the men are in that middle, so that's when they, that's where they're playing all the balls to. Now whether they're mental, I don't know what he means by that, whether they can, the intensity or what, even if they did start sharp, the men are still in the same places so they couldn't get the width. And that's what I couldn't understand."
 

 Anonymous said...
Brown is still a bastard

Big Earners
News of Wayne Rooney's bumper £35m six-year-deal is bound to prompt renewed complaints from the Jumper For Goalposts brigade about the state of the game but what of Terence Brown? In becoming the former chairman of West Ham United last week, Brown reaped approximately £34m and a snazzy new title of non-executive director.

An understanding of the stock exchange will provide a direct explanation for why Brown has acquired his windfall but not a justification. The publicity-shy businessman was subject to a longstanding 'Brown out' campaign by disgruntled fans, although critics must tread warily after he successfully sued a supporters' pressure group for alledging finanical incompetence. It's unknown whether the funds garnered directly from Hammers fans in the out-of-court settlement was then donated to the club or not.

By any rational assessment, Rooney's weekly wage of £100,000 is offensive. But at least he produces and entertains. What tangible dividend did Brown produce for West Ham before he sold his shares? After almost ten years of complaints that he failed to put in what his club received from transfer sales, Brown still remains on the board despite, until recently, blocking the Magnusson takeover in favour of courting Kia Joorabchian.

Not that it matters a jot, it seems, to the West Ham faithful. Their heads turned by the promise of instant windfall, the dismal morality of their takeover tale has been shamefully ignored.

Eggert Magnusson
Let's hope first appearances are deceptive. An ostentatious celebration and the manipulation of a West Ham scarf-wearing toddler was the behaviour of a cynical politician rather than a benevolent chairman.
 

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 Melbournehammer said...
The cost of Carroll's drinking and gambling habit.....&30,000

The cost of Shaun Newton's cocaine habit.....&1,000 per week

The cost of defending Anton Ferdinand's assault and violent disorder charges...&quite a bit

The cost of a couple of Argies on the black market....&5M

Selling West Ham United to a biscuit baron....&85M

Watching West Ham beat Arsenal.... PRICELESS


Well, we can't complain about it being boring this season
 

 Anonymous said...
Chelsea clear way for Hammers to move for Wright-Phillips
 

 whubris said...
well, that explains a lot. (well not a lot but I guess the Kiraly signing)
 

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 whubris said...
Some guff from the statement to the Stock Exchange.


WH Holding strongly believes that an integrated approach is required to build West Ham’s future
and will be looking to develop West Ham’s business both on and off the field, including
investment in the training ground and facilities (including the academy), stadium upgrades and
player acquisitions, all of which will provide West Ham with the opportunity to build upon its
existing strong foundations.

------------------------

WH Holding intends to continue to run West Ham as a football business, with operations
remaining at the current locations. WH Holding believes, however, that as part of its integrated
strategy going forward, there is scope to enhance current commercial operations.
WH Holding does not have any immediate intentions to dispose of or otherwise change the use of
any assets within the West Ham portfolio, although it would consider any potential opportunities if
and when they arise.
WH Holding will work with the executive management team of West Ham and expects that
existing members of senior management will continue to be involved in the ongoing business of
West Ham.
Following the Offer becoming or being declared unconditional in all respects, Terry Brown has
agreed to step down from the Board of the holding company of West Ham although he will remain
a director and employee of the football club. Paul Aldridge will remain as Managing Director and
Nick Igoe will remain as Finance Director.
Upon the Offer becoming or being declared wholly unconditional, Eggert Magnusson will assume
the position of Chairman of the Board of West Ham. Thor Kristjansson and Gudmundur J
Oddsson will also be appointed to the Board of West Ham.
Following the Offer becoming or being declared wholly unconditional, Eggert Magnusson will
assume the position of Chairman of the Board of West Ham United Football Club and Terry
Brown will be appointed as non-executive Deputy Vice Chairman. Each of Paul Aldridge, Nick
Igoe and Scott Duxbury will remain as executive Directors of West Ham United Football Club.
Furthermore, upon the Offer becoming wholly unconditional, Thor Kristjansson, Gudmundur J
Oddsson and Sighvatur Bjarnason will be appointed to the Board of West Ham United Football
Club. Sighvatur Bjarnason is the Chairman of the Board of Directors of both Cimbric
Fiskekonserves A/S and Saltur Holding ehf.
In addition, Bjorgolfur Gudmundsson will assume the position of Honorary Life President of West
Ham United Football Club and, in recognition of his service to the Club, Terry Brown will be
appointed as Honorary Life Vice-President of West Ham United Football Club.
Following the Offer becoming or being declared wholly unconditional, Charles Warner, Martin
Cearns and Christopher Manhire have agreed to resign from the Boards of all West Ham Group
companies. In order to ensure that the traditions of the Club are preserved, Charles Warner and
Martin Cearns (whose families founded the Club) will become Associate Members of the Club
until their respective 75th birthdays.
The Board of WH Holding has given assurances to the Board of West Ham that, on the Offer
becoming or being declared wholly unconditional, the existing employment rights of all
management and employees of the West Ham Group will be honoured and pensions obligations
complied with.
WH Holding does not have any current plans which would impact the existing arrangements with
employees. Upon the Offer becoming wholly unconditional there will be a full strategic review
before there is any substantive change in Club strategy.

------------------------

WH Holding, a company incorporated in England and Wales, was incorporated on 9 November
2006 exclusively for the purpose of making the Offer. Since its incorporation WH Holding has not
traded.
The current directors of WH Holding are Bjorgolfur Gudmundsson, Eggert Magnusson, Thor
Kristjansson and Gudmundur J Oddsson.
Eggert Magnusson, 59, is a former owner and chief executive of an import/export and bread and
biscuit manufacturing company. He has been president of the Football Association of Iceland
since 1989 and is a former president of Valur Reykjavik (1984-89), one of Iceland’s oldest
football clubs. He was elected to the UEFA Executive Committee in April 2002, having been a
member of the Licensed Match Agents panel (1992-94), the Fair Play Committee (1994-96) and
the Club Competitions Committee (1996-2002). He has also been a member of a number of
FIFA committees. Mr Magnusson also serves as a board member of Straumur-Burdaras, an
Icelandic investment bank, as well as of the logistics firm, Avion Group hf. Both Straumur-
Burdaras and Avion Group hf. are listed on the Iceland Stock Exchange.
Bjorgolfur Gudmundsson is an international investor with interests in various sectors including
financial services, international transportation, seafood processing and sales, real estate and
publishing. Mr Gudmundsson is the Chairman of the non-executive board of Landsbanki, a
leading Icelandic bank with operations in 12 countries. Since Mr. Gudmundsson became
Chairman of Landsbanki in 2003, the bank has taken a lead in sponsoring sport in Iceland,
particularly football, where it has focused on the development of young players.
Mr Gudmundsson's principal investments are in three holding companies: Samson
eignarhaldsfelag ehf., Samson Global Holding and Hansa ehf.
Samson eignarhaldsfelag ehf. and Samson Global Holding are owned by Mr Bjorgolfur
Gudmundsson, together with his son Mr Bjorgolfur Thor Bjorgolfsson, who is also his business
partner. Samson eignarhaldsfelag ehf. is a shareholder in Landsbanki, holding over 40 per cent.
of the issued share capital. Samson Global Holding is a shareholder in Straumur-Burdaras,
holding just over 30 per cent. of the issued share capital.
Hansa ehf. is wholly owned by Mr Gudmundsson and is a 28.5 per cent. shareholder in the
unlisted Icelandic investment company Fjarfestingarfelagid Grettir hf. Through the investment
company Opera fjarfestingar ehf. Mr Gudmundsson indirectly owns a further 10.3 per cent. of
Fjarfestingarfelagid Grettir hf. Fjarfestingarfelagid Grettir hf. owns 34.4 per cent. of the issued
share capital in Avion Group hf., a transportation company listed on the Iceland Stock Exchange
and a 26.4 per cent. holding in Icelandic Group hf., the international seafood processing and
sales company, which is also listed on the Iceland Stock Exchange.
Thor Kristjansson is a member of the board of Landsbanki.
Gudmundur J Oddsson is a partner at Logos legal services, an Icelandic law firm, and is head of
the firm’s London office.

------------------------

On 10 October 2006, West Ham announced its results for the year to 31 May 2006. Revenue for
the year was £60.1m (2005: £31.8m), positively impacted, most notably, by media revenue.
Operating profit before player trading was £13.4m (2005: operating loss of £1.9m) while profit on
ordinary activities before tax for the year was £6.0m (2005: loss of £5.1m). As at 31 May 2006,
West Ham had net bank borrowings of £22.5m, a reduction of almost 50 per cent. on the figure of
£44.1m at 31 May 2003 when the club was relegated from the FA Premier League.

------------------------

Name Number of West
Ham Shares
Percentage of
issued share capital
HSDL Nominees Limited 4,482,720 22.2%
Terence Brown 2,709,280 13.4%
Charles Warner 1,800,000 8.9%
Trustees of the 1995 PHL Hills Trust 1,750,000 8.7%
Trustees of the Cearns Trust dated 15 March 1994 1,617,000 8.0%
Ian Gordon 1,157,000 5.7%
David Sullivan 985,370 4.9%
Trustees of the 1997 CJ Warner Trust 702,000 3.5%
Smittco Nominees Limited 308,822 1.5%
Sally Cearns 240,000 1.2%
Martin Cearns 225,000 1.1%
Stephen Griggs 202,600 1.0%
Jean Brown 200,000 1.0%
Christopher Hills 200,000 1.0%
Brewin Nominees Limited 91,700 0.5%
Paul Aldridge 55,900 0.3%
Robin Cearns 25,150 0.1%
Brewin Nominees (Channel Islands) Limited 19,726 0.1%
Nicholas Igoe 500 0.0%

Purchased at 421 pence per share.
 

 whubris said...
Wonder what Alan Pardewsson thinks of all this
 

 norven munky said...
"In terms of the club's location we are buying what we see, which is West Ham United at Upton Park. However, if there is an opportunity to discuss a long-term move to the Olympic Stadium I would like to explore that, recognising that there will also need to be an athletics legacy from the London 2012 Olympic Games."

WARNING, WARNING, WARNING.
 

 beggers said...
Thanks for the info. whubris.

Leave UP! Yeah right! He must be taking the Michael. I'll believe it when I see it.
 

 whubris said...
There is only one West Ham
There is only one Boleyn Ground
 

 Anonymous said...
New regime gives Pardew £10m to spend in new year
 

 Anonymous said...
just thought I'd let you know a place where you can make some nice extra cash secret shopping.
I made over $900 last month having fun!
http://www.degree-programs-online.info/makingcash.html
 

 London Bubbles said...
Takeover completed according to Daily Mail http://www.dailymail.co.uk/pages/live/articles/sport/football.html?in_article_id=417608&in_page_id=1

Happy days.

BROWN OUT
 

 London Bubbles said...
Takeover completed according to the Daily Mail http://www.dailymail.co.uk/pages/live/articles/sport/football.html?in_article_id=417608&in_page_id=1

Happy days.

Brown out.
 

 beggers said...
Just wish it would happen, gotta get rid of this cloud that's been hang'in about since the rumours started. It feels like it's been dragging on FOREVER.

Bit of money for January would be nice.
 

 whubris said...