Hammers allay fears over Icelandic banking crisis

    Tuesday, October 7, 2008

    West Ham's vice chairman has moved quickly to allay fears that the club will be affected by Icelandic bank Landsbanki going into receivership. Iceland's banking system was thrown into chaos today when the government took control of Landsbanki, the second biggest bank in the country, to stop it collapsing. West Ham's chairman, Bjorgolfur Gudmundsson, is a major shareholder in the bank and chaired the company until he was sacked today. Now Hammers vice chairman Asgeir Fridgeirsson has urged fan ...

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