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50m bid on the table

Filed: Monday, 14th December 2009
By: Staff Writer

A source close to David Gold has confirmed that Gold and business partner David Sullivan have made a 50million bid for a stake in West Ham United FC.

According to the unnamed source, the 50million offer - should it be accepted - would be split in three ways. Some would go to CB Holdings, some to service the club's current debt and the remainder to provide Gianfranco Zola with transfer funds in January. G&S would take around a 50% stake in the club for their investement.

There is no word yet as to how the proposal has been received, but Gold and Sullivan are thought to be just one of up to four parties interesting in wrestling control of West Ham United from the current unpopular owners.

The elusive Intermarket, who are already said to have provided proof of funds to CB Holdings have hit the rocks with their bid whilst at least two unnamed parties are also said to be closely monitoring the situation.

With talks of possible protests against CB Holdings and Straumur at the Chelsea game this weekend a deal before Christmas would perhaps benefit all parties involved. Straumur are likely to discover tomorrow whether their moratorium has been extended by the Icelandic courts.

We'll bring you more as it happens.

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by gary
10:40PM 14th Dec 2009
''This can only be a good thing for all parties concerned. West Ham now more than ever need stability and to concentrate on staying in the Premier League. This is a positive move and I for one hope it comes off.''

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