Gold and Sullivan take over West Ham

 

Former Birmingham owners David Gold and David Sullivan have taken control of West Ham after acquiring a 50 percent stake in the English Premier League club, they confirmed on Tuesday.The announcement came after Tony Fernandes, the chief executive of AirAsia and the boss of the Lotus Formula One team, confirmed that he had pulled out of the race.The Malaysian businessman posted a message on Twitter which read: "Deal lost on West Ham. Hopefully new owners protect what's good. We gave awesome deal and new ideas to rejuvenate a club and bring excitement."

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  • West Ham United coach Gianfranco Zola has criticised the club's new owners for telling the British media the entire staff would have to take an end of season pay-cut.Co-owner David Sullivan's comments came just a day before Wednesday's home match at Upton Park, where West Ham will look to climb out of the Premier League relegation zone against Birmingham City.Sullivan and his business partner David Gold acquired a controlling stake in West Ham last month and the new owners have indicated the club's finances are in an even worse state than they initially thought.

  • West Ham's leading shareholder CB Holding said Wednesday they were in no hurry to sell their stake in the Premier League club if offers didn't meet their own valuation.Former Birmingham City owners David Sullivan and David Gold are understood to have tabled a 50 million pounds takeover bid - around half of what the club think the east London side are worth.Sullivan and Gold are reportedly also ready to give manager Gianfranco Zola some 20 million pounds for transfers during the January window to bolster a squad struggling to escape the Premier League relegation zone.

  • David Sullivan and David Gold increase their control of West Ham by upping their shares in the club to 60%.

  • West Ham have sacked manager Gianfranco Zola, the Premier League club confirmed on Tuesday.Zola was widely expected to leave Upton Park following a turbulent campaign which saw the club's co-owner David Sullivan strongly criticise the Italian and his players following a series of disappointing results.Former Chelsea star Zola just managed to keep his side in the top-flight, but they finished only one place above the relegation zone and he has paid the price for his faltering relationship with the club's owners.

  • Lotus F1 team boss Tony Fernandes joins Italian Massimo Cellino as a front-runner in the race to buy West Ham.

  • Here's something that doesn't happen every day: An English Premier League club being bought not by f

  • Lotus F1 boss Tony Fernandes on Thursday accepted a challenge from Richard Branson that the loser of their two Formula One teams will dress up as a flight attendant on the winner's airline."Bring it on," said a statement on the friendly bet from Fernandes, the principal of the new Malaysian-backed Lotus team and group chief executive of AirAsia, Southeast Asia's biggest budget carrier.

  • Malaysian businessman Tony Fernandes has said he is confident the foundations have been laid to bring back the glory days to the famed Lotus Formula One team.Their new T127 car for 2010 season will make its debut at the Bahrain Grand Prix in Sakhir on March 12 with the gold and green colours returning to the sport for the first time in 16 years.Jarno Trulli and Heikki Kovalainen will be the drivers behind the wheel.

  • West Ham owner David Sullivan says the club faces "Armageddon" if it goes down this season.

  • Jarno Trulli of Italy and Finland's Heikki Kovalainen were unveiled Monday as drivers for the new Malaysian-backed Lotus team in its debut 2010 Formula One season.Team principal Tony Fernandes, an aviation mogul who founded budget carrier AirAsia, said the third driver will be Malaysia's Fairuz Fauzy who is shifting from A1 Grand Prix."The appointment of Jarno, Heikki and Fairuz as our race drivers is a testament to the quality of our team, to our ambition and drive, and above all to our long-term vision of success in Formula One," Fernandes said.

 
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