Gudmundsson urged to sell West Ham - quickly

Bjorgofur Gudmundsson is being urged to sell West Ham United or risk bankruptcy.

Bjorgofur Gudmundsson is being urged to sell West Ham United or risk bankruptcy.

The Daily Mail says on a day when Sheffield United were granted a High Court order that temporarily stops West Ham taking the case to the Court of Arbitration for Sport, it emerged from sources in the City that Gudmundsson would be unable to pay a massive fine for damages if the Yorkshire club eventually emerge triumphant from the hugely complicated Carlos Tevez saga.

His situation is now considered so serious that if West Ham were ordered to pay substantial damages by the independent arbitration panel that was appointed by the Football Association, 70-year-old Gudmundsson would not be able to raise the cash.

Fortunately for West Ham, there does appear to be more than one serious bidder interested in paying in the region of £150million for the Barclays Premier League club.

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