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An unidentified North American has moved into pole position in the bid to acquire West Ham United, it has been claimed.
The Guardian reports that the "cash-rich investor" is one of four suitors currently interested in taking control of the club from Straumur, the Icelandic investment bank.
According to the newspaper, the American is viewed as the "safest long-term bet" by the consortium of five banks that have loaned money to the east London outfit.
It is understood that the other three interested parties are London finance company Intermarket Group, Malaysian businessman Tony Fernandes and the former Birmingham City owners, David Gold and David Sullivan.
Although he is yet to launch a formal approach at Upton Park, the unnamed investor is believed to have completed due diligence at the club.
Meanwhile, the Daily Telegraph reports that Fernandes, founder of the AirAsia airline, is expected to attend West Ham United's league game against Wolverhampton Wanderers this weekend.
Written by Terry Mitchell
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010