Hammers close to be acquired by Ex-Birmingham owners

West Ham is on the verge of being bought over the former owners of Birmingham City David Gold and David Sullivan. While all negotiations have already taken place, news suggest that only legal formalities are left and there is expected to be a formal announcement soon.

Lotus F1 chief Tony Fernandes was said to be the biggest rival in the race to capture Upton Park but after he pulled out on Monday, the batter was won by the ex-blues owners. Italian Massimo Cellino and US firm Intermarket were also interested in the bid but were beaten by Sullivan and Gold. The cash strapped club could heave a new sigh of relief after this take over as fresh money would pour in to clear the debts.

It is learnt that Gold and Sullivan are going to get 50 percent share for approximately £46m while Straumur, the current Icelandic owner(through CB holding) is going to retain another half. But the administrative rights will come into the hands of the new owners and they will have full control to run it the way they think suitable.

Hammer Boss Zola will now be happy to concentrate on on field matters as money woes become history. It seems Upton Park is about to see greener days ahead with the business acumen of Gold and Sullivan.

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