Tuesday, October 31, 2006

Kia set for £80million hand shake

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West Ham United chairman Terence Brown is close to completing the club's sale to Kia Joorabchian.

The Sun says Brown met with representatives of Joorabchian and a group of legal representatives to finalise an £80million buyout.
Club chiefs hope to finally announce the deal on Friday.
Joorabchian's takeover bid has dragged on since early September.
Joorabchian and his lawyers had a good look at West Ham's books and are eager to rubber-stamp their takeover.
Brown - who insisted he would only sell to the right buyer who has the long-term interests of the club at heart - is set to walk away after 12 years at the helm with a windfall of around £27m.
Rival bidder, Icelandic biscuit baron Eggert Magnusson, did not even get the chance to meet with the Hammers' board.