MONEY MATTER$

Former West Ham chairman sues Bjorgolfur Gudmundsson

West Ham’s latest rollercoaster season endures another twist

The breaking news in Iceland is that former West Ham chairman Eggert Magnusson is suing owner Bjorgolfur Gudmundsson for breach of contract and is demanding more than 200 million krona (£1.26 million according to mataf) as part of an agreement regarding the termination of his contract. [...]

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MONEY MATTER$

West Ham owner’s Icelandic bank placed into receivership

But the club deny being in financial trouble

Landsbanki, the bank that West Ham’s Icelandic chairman Bjorgolfur Gudmundsson owns a 40 per cent stake in alongside his son, has been put into receivership and will be taken over by the country’s government.

The news could prove disastrous for West Ham who, having sold players [...]

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