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No fanfare for new Board member

Filed: Tuesday, 3rd October 2017
By: Staff Writer

West Ham have defended their decision not to release a statement confirming the sale of 10 per cent of the club to an American bussinesman.

KUMB revealed earlier this week that US-based J Albert Smith, a Founder of asset management company GSO Capital Partners had purchased the shareholding previously owned by representatives of Straumur.

And there was some surprise amongst fans when the club failed to announce the change of ownership via their website - with the only reference to the sale being tucked away on the website's 'Ownership' page.

However when asked why there was no information regarding the sale on West Ham's website, a club spokesman rejected suggestions that the Board were attempting to 'hush-up' the change of ownership - insisting instead that the decision had been taken out of respect to Mr Smith.

"It's just an editorial decision," the spokesman told KUMB. "Our new 10 per cent owner doesn't desire a great deal of fanfare."

It is unclear at this stage whether Smith actively sought to acquire a stake in West Ham, or if the shareholding is part of a larger portfolio that included the West Ham shares. The price paid remains undisclosed.

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