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RAPIDHAMMER: Was die englische Presse zur West Ham-Übernahme sagt

Tuesday, 9 June 2009

Was die englische Presse zur West Ham-Übernahme sagt

The English newspapers can't make up their mind whether West Ham's takeover yesterday is good or bad news for the club.

The Sun claim that the takeover means that "Zola has hit the jackpot". They claim having new owners means that Zola "can press ahead with a £15m raid for Inter Milan's attacking midfielder Jimenez".

The Independent however say that the new owners may be forced into bankruptcy within 72 hours. The paper say that Straumur, who have a 70% share in CB Holding, "is effectively bust, has a moratorium over its liabilities and must apply on Thursday to the District Court of Reykjavik for a six-month extension to that agreement."

Digger, the Guardian: "If Straumur fails to reach agreement with creditors or to persuade the courts to extend the moratorium, it will present a severe test for the Premier League's rules governing fit and proper persons. Under those regulations directors and significant shareholders cannot have been made bankrupt. They are currently designed for individuals but, in the event that a club's controlling shareholder is a bankrupt company, the league's board would examine it."

Gary Jacob, the Times
: "It is an embarrassing fall from grace for Gudmundsson, who stepped down as chairman yesterday and who has lost about £500m because of the effects of the credit crunch. He had hoped that his takeover would lift West Ham to Champions League contention, but the club paid a heavy price for overspending on transfers and wages. Outgoings have been gradually cut over the past 18 months, but the club face a more stringent demand to be self-sufficient because of the nature of the new owner."

Matt Barlow & Simon Cass, Daily Mail
: "Manager Gianfranco Zola has been told there are no funds to pay the £4m fee which would make Radoslav Kovac's loan deal from Spartak Moscow permanent. Instead Zola must generate his own transfer money, which is likely to mean cashing in on Matthew Upson."

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