Zabeel rejects Hammers rumours

Dubai-based investment company has not made Upton Park offer

Last updated: 14th October 2008   Subscribe to RSS Feed

Zabeel rejects Hammers rumours

Gudmundsson: No offer from Zabeel

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Zabeel Investments has rubbished rumours suggesting it has shown an interest in buying West Ham United.

It has been reported that Dubai-based Zabeel, which declared a curiosity in Charlton Athletic on Friday, has contacted Hammers owner Bjorgolfur Gudmundsson.

Recent speculation suggested Zabeel, controlled by Sheikh Hamdan Al Maktoum, has tested the water after Gudmundsson's assets suffered when Iceland's Landsbanki bank was hit by the current worldwide financial turmoil.

Gudmundsson is a major shareholder in Landsbanki and it is thought that he could be open to offers for West Ham following the recent credit crunch.

However, a spokesperson for Zabeel insists that conjecture linking the company with an Upton Park bid is false, saying: "There is no truth to media reports that Zabeel Investments made an approach to West Ham football club.

"Zabeel Investments has not approached any club since it made an indicative offer for Charlton Athletic last Friday, nor has it authorised any approach on its behalf.

"Zabeel Investments is currently in the due diligence phase of its offer to Charlton Athletic and it is therefore inappropriate to comment further at this stage."

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