US tycoon leads 100 m pound bid to buy UK club West Ham
18 Oct 2009, 1029 Hrs

Add comment          Mail          Print          Write to Editor

London/New York, Oct.18 An American consortium has launched a 100-million-pound to bid to buy the troubled English football club West Ham. The London-based Inter-market Group began negotiations on Friday night and are confident of landing the club in time to hand boss Gianfranco Zola a substantial budget for the January transfer window.

According to The News of The World, the multinational consortium is made up of wealthy West Ham fans and is led by Inter-market Group chief executive and Wall Street mogul, Jim Bowe. Bowe is the former head of the New York Board of Trade and is a hugely successful businessman in his own right.

He was recruited specifically to oversee the deal and the group made contact with Andrew Bernhardt, chairman of CB Holdings, the company that runs West Ham.

The bid is being prepared in New York.

"My colleagues and I have been approached by the consortium with the aim of buying West Ham in its entirety. We are not interested in just taking on the debt, or securing a percentage. We want to get West Ham back on track for the upper echelons of the Premier League," Bowe was quoted, as saying. "We want what the fans want and there is no restriction on us as to how we achieve that aim. We are in the early stages of our discussions with the club. But we are optimistic that we can develop a proposal that will benefit all parties. The best deal is the deal where everyone feels that they've won," he added. "The consortium comprises West Ham supporters who have made serious money in the City, the United States and elsewhere and who see the potential in the club, its fan base, academy and playing staff. The people involved have the money required, and, more importantly, the right sentiments," he said. (ANI)

Related Latest

No apprehension about US viewing India differently: Manmohan Singh Cat endures 3,000-mile sea journey from Egypt to UK in shipping container! As in 2005, PM the driving force for finalising nuke deal with US in 2009 Hoods steal Rooney's 30K pound Mercedes Beach ball that denied Liverpool victory donated to UK football museum India to tell US no role for China in South Asia China wants a Chinese version of Tibetan Buddhism, says Dalai Lama 3 injured in fire at Jodhpur's handloom showroom Freddie Mercury to be honoured by west London neighbours Chelsea, Inter Milan's battle to bag Aguero in 40 million pound deal

Related Latest

As far as Kashmir issue is concerned, India will not redraw borders: Singh Pakistan has not done enough on the Mumbai terror attacks: Manmohan Singh No apprehension about US viewing India differently: Manmohan Singh Winters leave Ladakh out of bound, make stocking of food material a must Eco-friendly vehicles rally held in Delhi People worship Highway Goddess for safe journey in Chennai Lucknow Zoo authorities treating tiger for cancer Hussey ready to cop criticism, but will let bat do the talking PAC supports idea of making Pak Army's financial records public Pak heading towards 'demographic disaster', warn experts

• Pakistan has not done enough on the Mumbai terror attacks: Manmohan Singh
• As far as Kashmir issue is concerned, India will not redraw borders: Singh
• No apprehension about US viewing India differently: Manmohan Singh
• Winters leave Ladakh out of bound, make stocking of food material a must
• Lucknow Zoo authorities treating tiger for cancer

• भारतीय क्रिकेट की मजबूत दीवार
• कंगारूओं के आगे ढेर, चीतों से कैसे मुकाबला करेंगें शेर
• Reducing greenhouse gases may not be enough to slow global warming
• बीकानेर महापौर चुनावः एक विश्लेषण
• Deepawali: The Festival Of Lights