13 Jan 2010Intermarket vows to continue with West Ham United takeover bid

Football Clubs News | Football Finance News

London-based finance company Intermarket has said that it will proceed with its proposed takeover of West Ham United, despite the recent death of chief executive Jim Bowe.

The 59-year-old American, who launched his firm's bid for the English Premier League club in October last year, died at his home in North Carolina at the weekend.

Intermarket owner David Byrne claimed that the company's takeover bid will continue, although it is thought to have asked for extra time to complete the deal.

Rothschilds Bank, which was appointed by owner CB Holdings to handle potential investors, had initially said that offers for the club must be submitted by the close of business today (January 13th).

Speaking to the BBC, Mr Byrne said: "Jim's death is a terrible blow, but he would have wanted us to carry on and give it our all.

"I believe we're offering the best package, as well as guaranteed funds for this transfer window."

Meanwhile, the Daily Telegraph has claimed that Malaysian businessman Tony Fernandes is now the "clear favourite" to take control at Upton Park.

Written by Mark Thompson

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