Hammers takeover gets green light

A consortium of Icelandic businessmen look set to complete a takeover of West Ham after the club's board accepted an offer which values the Hammers at £85m (€125.8m).

The group – led by Eggert Magnusson, president of the Icelandic football association – have already secured agreements to buy 83% of shares and the West Ham board have recommended the offer to remaining shareholders.