I picked this little snippet up from the West Ham Mailing List…
Yesterday on the BBC World Service they dedicated some time about the plight of the Icelandic banks – and (as) it was the ‘sports segment, they commented on how ‘West Ham United’ could be in serious trouble next season . Gudmunnsson (whatever his name is) may be for force to sell off his ‘luxury’ item – such as West Ham United – for a cut down price, if things get much worse. They implied that, such was the dire situation for the said Mr G – that many of the high priced players such “Freedy Ljundberg’ etc- would need to be sold off and not replaced. So …..I doubt we’ll be getting any ‘Ambitious Manger’ – in the
foreseeable future!! Let alone any ‘inspiring players’. Another season of dire relegation battles beckons !!
I have no idea how bad the credit crunch has affected Gudmunnssonm’s Landsbanki bank, but if things get worse it is eminently possible that he would be forced to sell off non-essential businesses like West Ham. I suspect we’re a long way from that, but it certainly means that we’re not going to be signing any £15 million players in the foreseeable future, and that the wage bill will need to be reduced.