- My Account
- Logout
- Register
- Login
Hammers sold
Related Articles
09 January 2009
The new owners are CB Holding, a company mainly owned by the Straumur-Burdaras investment bank who have appointed one of their senior directors Andrew Bernhardt as the new non-executive chairman.
The new regime have moved swiftly to assure manager Gianfranco Zola and his assistant Steve Clarke that their jobs are safe and that some funds will be made available for transfers. Chief executive Scott Duxbury will also remain at the club.
Bernhardt said in a statement: "I am delighted that an agreement has been reached and look forward to working with Scott Duxbury and his team in the coming years.
"We have one of the best young management partnerships in Gianfranco Zola and Steve Clarke and the team has evolved with a great mix of experience and young players coming through from the academy.
"I can assure fans we will sanction investment in new players, but all within the parameters of sensible budgeting based on revenues generated by West Ham United.
"It will be my job to help facilitate this continued progress on the pitch, while ensuring the club's success is built on a strong financial footing.
"We have an initial two-year plan which includes improving the infrastructure at the club and we will be getting to work on this as soon as the new board is appointed."
Previous owner and chairman Bjorgolfur Gudmundsson, who lost his fortune in the credit crunch, and vice-chairman Asgeir Fridgeirsson have both left the club.
Top stories in Sport in brief
Sport in brief in Pictures
Top stories in Sport in brief
Sport in brief in Pictures
-
No end to Tube nightmare as commuters warned of MORE chaos tonight
-
Double dip recession is worse than feared as UK faces ‘hurricane’
-
They attacked "like a pack" raining fists on a defenceless legal secretary. Yesterday they walked free from court. No wonder their victim says she has been denied justice.
-
Mayor demands report from Transport for London into Jubilee Line nightmare that left hundreds of commuters trapped for hours underground
-
David Cameron: I don’t regret giving Jeremy Hunt BSkyB role
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Cannes Film Festival - in pictures
Biggest ever image of the Queen, and she also appears made out of stamps, cheese and BEER
Man v Woman v Food: the big burger challenge
New kids from the Bloc: new wave of Russians settling in London
London drug dealer pictured himself with bags of cannabis and wearing crown of £20 notes
BarChick: Janet's Bar