KUMB.com
Filed: Monday, 18th January 2010
By: Staff Writer
Tony Fernandes has privately conceded defeat in his battle to win control of
West Ham. The Malaysian businessman met with representatives of CB Holding
over the weekend in an attempt to thrash out a last minute deal. However he
admitted late last night that he was almost certainly out of the running,
having failed to agree terms. Fernandes, who topped a KUMB.com ownership
poll last month and was running neck and neck with Intermarket in the latest
one had hoped to take full control of the club having apparently satisfied
the banks that the necessary finances were in place.
However for reasons currently unknown he has been unable to thrash out a
deal - as it appears have fans' syndicate Intermarket and Massimo Cellino,
the Cagliari president who staged a late bid last week. All of which means
that former Birmingham City owners David Gold and David Sullivan are in
prime position to be named new owners of West Ham United. Their bid to take
a 51% majority share in the club has been far from universally welcomed by
supporters keen to see the back of the Icelandic influence that has brought
the club to its knees. Despite reports to the contrary Massimo Cellino is
also thought to consider his chances of success slim - despite the Italian
media still claiming this morning that he remains a front-runner in the
race. Intermarket, whose bid suffered a huge blow with the death of CEO Jim
Bowe eight days ago are thought to have failed to satisfy the banks
requirements (although this remains unconfirmed).
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