x Abu Dhabi, UAEThursday 27 July 2017

West Ham closer to possible sale

The West Ham owner Bjorgolfur Gudmundsson has taken a step towards selling the club after receiving several provisional offers.

The West Ham owner Bjorgolfur Gudmundsson has taken a step towards selling the club after receiving several provisional offers. Although the Icelandic financier has yet to make a final decision about selling up, he has given permission for non-disclosure agreements to be signed with up to five potential buyers.

The agreements allow the interested parties to look at confidential financial information about West Ham on the condition they do not disclose it. According to court documents in Iceland filed by his holding company Hansa, which has gone into voluntary liquidation, he values West Ham at £250million (Dh1.4bn).

* With agencies