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Financial Trouble at West Ham as the chairmans debt was revealed today as 300M

The full extent of West Ham's financial strife has been uncovered after it was revealed the personal debt of chairman Bjorgolfur Gudmundsson stands at £300m.

Gudmundsson bought West Ham for £85m in November 2006 and has invested a further £30m in the club since then.

However, the 67-year-old's business has suffered a series of setbacks and his liabilities will increase pressure for West Ham to be sold in the summer.

"The situation is very bad," he told Icelandic newspaper Morgunbladid.

"I have everything on the line - personal liability extends to all of my assets.

"I'm left with the question, what is my position? I must admit that I'm a little lost. I just don't know what I will be able to keep."


BBC SPORT | Football | My Club | W | West Ham | West Ham chairman £300m in debt
 

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Was never a good match.

His time as chairman has seen so much turbulence.

If only every owner could be as solid as Randy Learner, eh?

Prepare yourselves for the rumours because everybody with a bit of dosh will be linked to West Ham.

"Mongolian Prime Minister buys West Ham"....
 
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