Iceland football chief says he is serious about West Ham takeover

THE Icelandic businessman at the head of a new takeover approach for West Ham has stressed the seriousness of the bid — and expressed his desire to bring back the club’s glory days.

Eggert Magnusson, who is also head of the country’s football federation and a UEFA executive committee member, insists there are firm and honest intentions behind the bid.

It is understood the £75 million behind the bid is being put up by a respected Icelandic financial institution — although not the investment bank Straumur-Burdaras, of which Magnusson is vice-chairman.