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Eggert Magnusson Sells His Stake In West Ham

Cracker-seller Eggert Magnusson’s short spell at West Ham has been exciting, to say the least. Certain relegation turning into lucky survival, the signing of world stars turning into a huge nightmare and Dean Ashton turning into Darren Anderton. No wonder he’s cashing in his chips for a quieter life.

”Eggert Magnusson has stepped down as the chairman of West Ham and sold his stake in the club. The club’s owner, Bjorgolfur Gudmundsson, has become the new chairman, as well executive chairman, and has bought Magnusson’s five percent shareholding.”

Five percent, is that all it was? Why were the cameras always trained on the baldy in the directors’ box, then? Probably his comedy head, I suppose. Anyway, best foot forward for the Hammers, according to The Guardian website. Gudmundsson now wants to push ahead with a move to a new £250m, 60,000-seater stadium – and a site has been identified at an old Parcelforce depot next to West Ham tube station.

“We are seeking to build some truly solid foundations for the future ambitions of West Ham United FC,” he said. “This is a great football club with tremendous heritage and tradition and the most wonderful set of supporters. My job as owner is to help plan for the future and create the right conditions off the field to help Alan Curbishley and the playing squad deliver success on the field.”

Well that’s lovely, but what are the cameramen going to do with themselves now?