Björgólfur Gudmundsson behind West Ham deal Skip to content

Björgólfur Gudmundsson behind West Ham deal

It has been confirmed that Björgólfur Gudmundsson, father of ‘Iceland’s first billionaire,’ is the main investor behind the group planning to buy English football club West Ham.

According to RÚV, a statement given to the British media yesterday revealed that Gudmundsson, director of Landsbankinn bank and father of Björgólfur Thor Björgólfsson, is behind the West Ham deal.

This year Björgólfsson, who is chairman of the financial firm Straumur-Burdarás, was listed by Forbes Magazine as the 350th-richest person in the world with a net worth of USD 2.2 billion, making him Iceland’s first billionaire.

The offer to buy West Ham was made by Eggert Magnússon last month, who is an Icelandic businessman and chairman of the Football Association of Iceland (KSÍ).

RÚV reports that other investors seem to be backing out and that it is increasingly likely that Magnússon and the group of investors behind him will be the next owners of West Ham football club.

To read more about the West Ham deal, click here.

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