04/09/2008

Passion and departure

To our owner West Ham United is a business, not a passion. Bjorgolfur Gudmundsson will always run this club as a business. He’s no Abramovich or Al-Fahim and didn’t buy this club as a way of showing the world that he is so wealthy that he can go and buy instant success.
No, BG is more of a Glaser, buying the club since he saw it as a potential profitable investment. Eggert Magnusson was the passionate one, known for his overwhelming enthusiasm although not for his housekeeping, possibly talking his mate BG into this venture to begin with. But now Eggs is gone and with him the passion – and, for better or worse, the excesses.

It is pretty obvious that the owner is not one with visions and funds at the moment, at least not for West Ham United, regardless of the official statement desperately trying to tell us the opposite. What he is, however, is an Icelandic businessman that knows how to limit costs when he think it is necessary (or can that maybe pass as a short term vision?).

Why is an owner with such an obvious lack of drive still the owner?
Could it still be economically sound for some reason?
Could it be that he does feel that he can turn this around and really make West Ham a top PL club?
Or is the time not quite right to sell the club yet?
It could very well be that the club needs to show better economic balance for a future investor to be interested.

I wouldn’t be that surprised if we end up with a new owner before next season!
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1 comment:

Anonymous said...

Gudmundsson's best chance to make a profit from his investment is probably to sit tight, aim for mid-table security and wait for the next international billionaire to come looking for a PL-club to invest in. Curbs might very well have been a good manager for this strategy.