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West Ham's new owners revealed
West Ham United, 13:04, June 8, 2009 ,
West Ham have been taken over by asset management company CB Holding, in a deal said to be worth just over £100million.
CB Holding is predominately owned by Icelandic investment bank Straumur-Burdaras, who have appointed one of their senior directors, Andrew Bernhardt, as the club's new non-executive chairman.
Previous owner and chairman Bjorgolfur Gudmundsson and vice-chairman Asgeir Fridgeirsson have subsequently both left the club but Bernhardt confirmed current chief executive Scott Duxbury will be staying on in his role.
Bernhardt said in a statement: "I am delighted that an agreement has been reached and look forward to working with Scott Duxbury and his team in the coming years."
He also confirmed boss Gianfranco Zola would remain in charge of team affairs with Steve Clarke as his assistant.