Previous
Leicester City
Manchester United
5
3
FT
Game Details
Tottenham Hotspur
West Bromwich Albion
0
1
FT
Game Details
Everton
Crystal Palace
2
3
FT
Game Details
Manchester City
Chelsea
1
1
FT
Game Details
Levante
Barcelona
0
5
FT
Game Details
VfL Wolfsburg
Bayer Leverkusen
4
1
FT
Game Details
Toronto FC
Chivas USA
3
0
FT
Game Details
Getafe
Valencia
6:45 PM GMT
Game Details
Wigan Athletic
Ipswich Town
6:45 PM GMT
Game Details
Chester City
Wrexham
7:00 PM GMT
Game Details
Spezia
Carpi
6:30 PM GMT
Game Details
Valenciennes
Clermont Foot
6:30 PM GMT
Game Details
Academica de Coimbra
Estoril
7:00 PM GMT
Game Details
FK Amkar Perm
Krasnodar
1:00 PM GMT
Game Details
FK Torpedo Moscow
Dinamo Moscow
4:00 PM GMT
Game Details
Istanbul Buyuksehir BSK
Trabzonspor
4:00 PM GMT
Game Details
Bursaspor
Besiktas
6:30 PM GMT
Game Details
Defensa y Justicia
San Lorenzo
9:10 PM GMT
Game Details
Racing Club
Newell's Old Boys
11:30 PM GMT
Game Details
Douglas Haig
Guarini A. Franco
7:00 PM GMT
Game Details
Unión de Santa Fe
Huracán
7:00 PM GMT
Game Details
Santamarina
Patronato
11:30 PM GMT
Game Details
River Plate
Fénix
7:00 PM GMT
Game Details
Shimizu S-Pulse
Gamba Osaka
5:00 AM GMT
Game Details
Vegalta Sendai
Kashima Antlers
5:00 AM GMT
Game Details
Albirex Niigata
Urawa Red Diamonds
5:30 AM GMT
Game Details
FC Tokyo
Tokushima Vortis
6:00 AM GMT
Game Details
Yokohama F. Marinos
Sanfrecce Hiroshima
6:00 AM GMT
Game Details
Omiya Ardija
Kawasaki Frontale
6:30 AM GMT
Game Details
Next
Manchester CityManchester City
ChelseaChelsea
1
1
FT
Game Details
May 6, 2009

West Ham owner Gudmundsson reveals £301m debts

The necessity for West Ham United to be sold this summer was laid bare on Wednesday when Bjorgolfur Gudmundsson, the club's Icelandic chairman and owner, revealed that he has personal liabilities of £301m and could even lose his home in Reykjavik as a result of his failed financial dealings.

A consortium of creditors led by Icelandic bank Straumur - itself mired by financial troubles - are in talks about a takeover at Upton Park, though control may end up in the hands of an asset management company appointed by the Icelandic government.

Whoever ends up in control, Gudmundsson's situation is so bad that his creditors are understood to be keen to cash in on one of his few remaining assets, chief amongst which is his holding company HANSA, through which he controls West Ham - all that is needed is someone to make a competitive offer for the club.

''The situation is very bad. I have everything on the line - personal liability extends to all of my assets. I'm left with the question, what is my position? I must admit that I'm a little lost,'' Gudmundsson told Icelandic newspaper Morgunbladid.

Asked whether he would even lose his palatial Reykjavik mansion, Gudmundsson admitted: ''I just don't know what I will be able to keep.''

Despite ongoing concerns over the West Ham's ownership and financial health, the club remain confident of meeting the conditions required to receive a UEFA Club licence and will submit the necessary paperwork to the Premier League and FA in time for the May 31 deadline.

Without the licence, which is obtained by satisfying a number of legal, financial and administrative conditions, the Hammers would be barred from competing in next season's Europa League, should they qualify for the inaugural version of the revamped UEFA Cup.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.