Filed: Monday, 18th January 2010
By: Staff Writer
Tony Fernandes has privately conceded defeat in his battle to win control of West Ham.
The Malaysian businessman met with representatives of CB Holding over the weekend in an attempt to thrash out a last minute deal. However he told acquaintances last night that he was almost certainly out of the running, having failed to agree terms.
Fernandes, who topped a KUMB.com ownership poll last month and was running neck and neck with Intermarket in the latest one had hoped to take full control of the club having apparently satisfied the banks that the necessary finances were in place.
However for reasons currently unknown he has been unable to thrash out a deal - as it appears have fans' syndicate Intermarket and Massimo Cellino, the Cagliari president who staged a late bid last week.
All of which means that former Birmingham City owners David Gold and David Sullivan are in prime position to be named new owners of West Ham United.
Their bid to take a 51% majority share in the club has been far from universally welcomed by supporters keen to see the back of the Icelandic influence that has brought the club to its knees.
Despite reports to the contrary Massimo Cellino is also thought to consider his chances of success slim - despite the Italian media still claiming this morning that he remains a front-runner in the race.
Intermarket, whose bid suffered a huge blow with the death of CEO Jim Bowe eight days ago are thought to have failed to satisfy the banks requirements (although this remains unconfirmed).
Diame bid wide of the mark [31st Jan 2013]
Fernandes: twice smitten [20th Sep 2011]
Spurs want Parker on the cheap [27th Aug 2011]
Warnock confirms Parker interest [18th Aug 2011]
Queens Parker Rangers [18th Aug 2011]
Tigrish Tony ignores frosty reception [13th Jun 2011]
Fernandes hits back [3rd Jun 2011]
Board 'stunned' by Fernandes offer [2nd Jun 2011]
Sam and Daves in the dark [1st Jun 2011]
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by Wesley Winegarden
10:59PM 18th Jan 2010
''If the two Davids take over the club does this mean Karen Brady will be hanging around East London?
Other than the Brady factor, I think Gold and Sullivan could be good for the club, even if it means we will never be a powerhouse in the Premier League. I personally am willing to just wait and see.
Whatever happens though I think Zola must stay! ''
05:36PM 18th Jan 2010
''Fernandes was my favourite, Cellino will ruin West Ham, Gold and Sullivan want to fire Zola, which I don't see could do anything positive for West Ham and anything that keeps us tied with the Icelandic peeps is very bad. I do not want to see West Ham dragged down because of them and I do not feel they can do anything other than that.''
by Mr Moon
02:59PM 18th Jan 2010
''Agree with all the above, the porn kings will further drag our club into the gutter. They're not exactly revered by Brum fans (read any of the forums, they couldn't wait to get rid) so why would they do anything better with us?
Fernandes was the one hope of salvation. He clearly is a good businessman, could make up for a lack of cash with a creative brain to attract fans to the club and raise the profile of West Ham internationally. Most of all he is clearly a fan himself, so would put the club first over self promotion.
A disaster if its true and he really is out
by west london hammer
12:28PM 18th Jan 2010
''I'm not sure that Fernandes - for all his emotional support of the club - has the financial resources needed to get us out of the mire and take us forward. But I would rather have seen him take us over a million times over rather than Gollivan. I think they would be an unmitigated disaster as owners of WHU - even if the horrendous rumours of a management axis of Mark Hughes and Karen Brady aren't true. I am convinced they would drag us back to the dark dodgy days of Terry Brown ownership - all self interest disguised as the two local lads done good, claret and blue fru and fru. Yeh right.''
11:42AM 18th Jan 2010
''He was my favourite. Gold & Sullivan will ruin the club.''
by Steve B
11:11AM 18th Jan 2010
''This is not good news. Gold and Sullivan do not have the real resources to run the club.
Any deal which leaves us with the Iceland connection cannot be welcomed and sacking Zola now would be futile. ''
by Mario Anastasiou
10:19AM 18th Jan 2010
''What we badly need at present is stability in the boardroom. The finances of the club should be geared towards success on the pitch. We supporters want to support our club, which we love.
Professionalism is everything, it is obvious for a long time now that apart from the youth set-up everything else is a mess, totally lacking the high standards that are required to sustain and compete in the Premier League. We need experienced, knowledgeable, football personas in the boardroom, not cowboys!