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 Posted by ESPN Staff
Sep 27, 2006

Businessman views West Ham as 'real estate'

The Israeli businessman linked to the consortium considering a possible takeover of West Ham is reported to be interested because of the 'real estate opportunity'.

Eli Papoushado, a property magnate with hotel interests in several countries, has been named as a potential investor with Kia Joorabchian, the 35-year-old Anglo-Iranian entrepreneur who facilitated the club's signing of Argentinians Carlos Tevez and Javier Mascherano last month.

However, the Israeli Ma'ariv newspaper quotes Papoushado as saying: 'I don't know how many players there are in each club, but in these deals there is always a real estate opportunity and that interests me.

'I have known Pini Zahavi (the so-called 'super agent' who is involved in the deal) for more than 30 years and he suggested that I should become involved because of the potential of the club.'

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