BREAKING NEWS Tony Fernandes' withdrawal of his bid cleared for David Sullivan and David Gold to buy the English football club.
@ Telegraph.co.uk
@ Telegraph.co.uk
David Sullivan wins battle to take control of West Ham United
David Sullivan won the battle to take control of West Ham United on Monday night in a deal that values the club, including its debts, at £105 million.
In control: David Sullivan has claimed a 50 per cent stake in West Ham United after holding off a rival bid from Air Asia chief executive Tony Fernandes Photo: CHRISTOPHER PLEDGER
A deal was agreed shortly before 10.30pm after the Malaysian entrepreneur Tony Fernandes was unable to secure 100 per cent ownership, something he had desperately fought to achieve, and conceded defeat.
Sullivan has taken a 50 per cent stake with the rest of the club remaining in the control of the Icelandic bank Straumur – something that Fernandes had decided he could not agree to.
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