Magnusson issues Hammers writ

first_imgShare on LinkedIn Share via Email This article is more than 10 years old Share on Facebook news Share on Twitter Share on Twitter Share on Messenger First published on Thu 18 Dec 2008 19.01 EST Thu 18 Dec 2008 19.01 EST The former West Ham chairman Eggert Magnusson is suing the club’s owner, Bjorgolfur Gudmundsson, over the terms of his exit from Upton Park last year.According to legal documents filed yesterday at the Reykjavik Municipal Court, Magnusson is demanding 200m krona (£1.1 million) from Gudmundsson, who is trying to sell the club after falling victim to the Icelandic economic crisis.Magnusson became chairman of West Ham in November 2006, when he bought the club with Gudmundsson through WH Holding Ltd, but was relieved of his duties a year later and Gudmundsson added his 5% stake to his controlling interest.In the legal papers, Magnusson said he was guaranteed three months’ pay following the termination of his contract and was to receive €1m and £200,000. Magnusson claims he has been paid only £100,000.Meanwhile Joe Kinnear believes there is a “60-40” chance of Michael Owen accepting a new three-year contract at Newcastle United and indicated yesterday that it could even be signed before Tottenham Hotspur visit St James’ Park on Sunday.Just last week a much more pessimistic Kinnear claimed that he thought the odds of the England striker remaining on Tyneside were around “30-70″ but Newcastle’s manager now feels that Owen is being strongly tempted by the security of the long-term deal on offer.”It was my idea to offer Michael three years, which will take him up until he’s 32,” said Kinnear, who added that the prospective agreement may potentially be extended into a fourth year, although this would necessitate Owen playing in more than 50% of Newcastle’s games during his third season.”Michael told me that when Kevin [Keegan] was here he had previously been offered only 12 months and I did not really see any value in that,” explained Kinnear. “So I just said, ‘What if we can tie you up for the rest of your career, more or less, would you be happy with that?’ and Michael said, ‘Yes, I would be delighted’.”So I spoke to Mike [Ashley, the Newcastle owner] and said could we give Michael three years plus the possible option of another one and Mike said, ‘OK, do it’.”I am not going to say Michael will definitely sign but I think he will. We haven’t exactly agreed a deadline but two days ago I did ask Michael ‘When are you going to make a decision?’ and he said ‘In the next couple of days’. Share on Pinterest This article is more than 10 years old Topicscenter_img Louise Taylor Premier League Share via Email West Ham United Share on Facebook Newcastle United Shares00 In a litigious mood – Eggert Magnusson. Photograph: Mike Egerton/Empics Magnusson issues Hammers writ Share on WhatsApp West Ham United Reuse this contentlast_img read more