Eggert Magnusson has left West Ham United, it has been revealed.
A club statement released this lunchtime confirmed that Bjorgolfur Gudmundsson has become the club's sole owner after buying out the popular Magnusson's stake.Magnusson, who previously owned 5% of the club is expected to return to UEFA where, KUMB understands, he had been offered a position similar to his previous role.
Talking about the sweeping changes - which involve the addition of new members to the club's board, Gudmundsson told whufc.com:
"We are seeking to build some truly solid foundations for the future ambitions of West Ham United FC. This is a great football club with tremendous heritage and tradition and the most wonderful set of supporters.
"My job as owner is to help plan for the future and create the right conditions off the field to help Alan Curbishley and the playing squad deliver success on the field.
"I am particularly delighted that we have been able to take the first real step in our plans for a new stadium, which is crucial to the long-term ambitions of the Club.
"As incoming Club Chairman I recognise the responsibility that comes with this role and I know that view is shared by all the members of the Board. Today marks the next step in the development of this great Club and we are all proud to be part of something so special."
The new Board line-up is as follows:
Chairman: Bjorgolfur Gudmundsson
Vice-Chairman: Asgeir Fridgeirsson
Directors: Thor Kristjansson; Mike Lee; Gudmundur Oddsson
Executive Directors: Scott Duxbury (CEO); Nick Igoe (Finance Director).
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