I'm still upset over Tevez, says Eggert

The West Ham chairman and part-owner also confirmed he was considering legal action against Terry Brown following the Carlos Tevez affair and said the former chairman was "not welcome back at Upton Park".

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Magnusson also said that he was anticipating a top 10 finish in the Premier League next season and said that further investment meant the club would be challenging the top five in the space of the next "four to five years."

The Icelandic businessman also said there was a plan to move into a new stadium near West Ham station by 2011 and that he was "surprised" that the club's plans to move to the Olympic Stadium after the Games in 2012 was rejected. The Tevez affair is now happily over as far as West Ham are concerned, said Magnusson.

"It has taken up a lot of my time and when it ended last week I felt like a deflated balloon.

"Carlos is a great player and a great human being but it was not only him that kept us up. The whole Tevez affair has detracted from what Alan Curbishley achieved.

"It began with the inquiry followed by the judgement. Maybe some things were said during that which enhanced the whole affair.

"One of the things which bothers me is the way the club's reputation has been damaged because of a few individuals back in August.

"Some of my colleagues have also been trying to damage our image since."

Magnusson said the club were considering legal action against Brown. "We haven't had time to look into that yet but now it is over, we will," he said.

"Terry Brown is not welcome at Upton Park at the moment although I have nothing personally against either him or Kia Joorabchian."

The West Ham chairman did, however, exonerate Scott Duxbury, the club's current deputy chief executive officer, from blame.

Duxbury was the club's legal expert at the time but Magnusson said: "Scott Duxbury was not on the board at the club then."

Magnusson reiterated his stance that he remains firmly opposed to third party ownership.

Magnusson's Icelandic consortium took over the club in late November and he said: "We saw the contracts very late in the due diligence process. They were not in the data room and we had to ask to see them.

"What we didn't know until January was that the Premier League had not seen all the paperwork.

"When I came into West Ham there were two Argentinians [Tevez and Javier Mascherano] there who were not fit and who we were paying a lot of money.

"What I wanted to do in December then was make an amendment so they would definitely leave in the summer. I tried to find out if they could even leave in January.

"It was never signed by the other party, though, and if it had been, we would not perhaps have incurred the heavy fine.

"I felt very hard done by, though, because the truth was that we never ever felt we would be deducted points.

"The registration of the two players was in place and always correct from the beginning."

Magnusson also revealed that Fulham had asked West Ham not to play Luis Boa Morte against them following the player's £5.5m move.

"Fulham did ask us not to play Luis Boa Morte against them but of course we played him. How can you buy a player for that much money and not play him? It's crazy.

Magnusson also revealed that the proposed move for Newcastle's Kieron Dyer was "dead at the moment".

"I have been in business all my life but I have never experienced anything like that before," he added. "The fee had been agreed and then there was a telephone call on Friday morning saying it had gone up £2m.

"At the moment the deal is dead but I feel very badly for the player. He wanted to come because his family is in Ipswich and he had told them the transfer was on. "It's not the way to do things."