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Chairman Quits
Eggert Magnusson has stepped down as chairman of West Ham and sold his stake in the Premier League club.
Magnusson, who was part of the Icelandic consortium that bought the Hammers a year ago, had already quit as executive chairman in September.
"Now that I need to focus a little more on my interests overseas, I think it is the right time to stand down," he said.
Owner Bjorgolfur Gudmundsson has become chairman and executive chairman and has bought Magnusson's 5% shareholding.
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13th December 2007, 02:51 PM
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