Brown: fair value

  • by Matthew O'Greel
  • Tuesday, 21st November 2006

Outgoing Chairman Terry Brown has declared the £100m offer from the Eggert Magnusson-led consortium as 'fair value' for West Ham United.

The two parties shook hands on the deal yesterday with a formal announcement expected later today.

Brown, who steps down as Chairman of West Ham United after 14 years said:

"The offer from WH Holding reflects fair value for West Ham, considering its significant history, recent performances and prospects."

Brown is expected to earn around £25m from the sale of the Club - in addition to the £1m salary he paid himself during the last financial year.

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