Filed: Friday, 4th May 2007
By: Matthew O'Greel
Terence Brown is reportedly set to launch legal action against West Ham's new owners after they ripped up his contract in the wake of last week's £5.5m League fine.
Brown - who, as part of the deal to sell the club was set to remain on his existing contract until 2009 - has been told that he will get not a penny more from the club as they seek to retrieve some of the massive fine imposed upon them by the League last Friday.
The former Hammers Chairman - who was already a hated figure for many supporters due to his bungled handling of the club during his 14-year tenure - personally walked away with over £30m from the sale of West Ham United last November.
Yet he is apparently determined to sue the new Icelandic owners for his remaining two years' contract thought to be worth around £2m plus benefits including seats in the directors box for both home and away games.
The BBC's Sports Editor, Mihir Bose, having apparently spoken with Brown said last night:
"Brown is now threatening to take legal action. West Ham hold him responsible for what they allege is a breach of trust as chairman.
"His contract allowed him to earn £1.5m until 31 May 2009, and it had all sorts of other privileges such as directors' box seats and the job of vice-president.
"That has all gone and he is furious and threatening to take legal action."
New Chairman Eggert Magnusson threw Brown out of the club back in January when the extent of the problems involving the Mascherano and Tevez transfer were revealed, and he has since had his contract terminated.
On this day: 4 November [4th Nov 2016]
April 1 kit news [1st Apr 2016]
Fire when ready! West Ham riding high in managerial dismissals list [23rd Nov 2015]
David Sullivan talks 'Rise of the Krays' [25th Aug 2015]
Rock & Roll: an update [1st Apr 2015]
Sullivan seeking further investment [28th Dec 2014]
Duxbury on Tevez: 'we did absolutely nothing wrong' [26th Aug 2014]
April Fooled? [1st Apr 2014]
Redknapp backs Allardyce [10th Jan 2014]
Please note that this section is for comments relating to the above news item only. Any off-topic or abusive posts will be removed. Posts including either links and/or foul language are automatically filtered and will not be published. To engage in further discussion on any of our news stories, visit the KUMB Forums.
Not a member of the KUMB Forums? You may register for free membership here.