West Ham will be sold to facilitate the reconstruction of the Icelandic banking system!

As I have told you before, trading with shares in the Icelandic banks were stopped on Monday to avoid the chaos triggered by a total collapse and as a first step towards a major consolidation.

To avoid irradication of these institutions, the shares will in effect be taken over by representatives of the Icelandic government. A major owner of Landsbanki is, beside the private ownership of West Ham owner Björgolfur Gudmundsson (BG to you) and his son Björgolfur Thor Björgolfsson, the investment bank Samson.
Samson, in turn, is (surprise!) co-owned by BG and his son.

When these banks and economic institutions are reconstructed a first step will be to sell foreign (i.e. non Icelandic in this case) assets, like companies and shares in companies.

Now to the interesting part for a West Ham supporter - it turns out that the investment bank Samson is real owner of West Ham United!
For not knowing this explicitly before, I beg your pardon!

To put it plainly:
West Ham will be sold to facilitate the reconstruction of the Icelandic banking system!

Bubbleview had a strong hunch it was coming to this, but not that it would be this quick and desperate!
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Thanks to the Swedish business daily Dagens Industri http://di.se/Nyheter

EDIT: According to DI 2008-10-08, Landsbanki is facing bancruptcy. The English government is freezing Landsbankis English assets.