So, Mr Magnusson is moving to one side, and his executive chairman's duties 
are being assigned to a new team supporting the owner.

http://www.whufc.co.uk/articles/article.php?page_id=9492

I don't know about you chaps, but I think Eggie did a very good job 
shepherding the club through a difficult period, and I do hope the new 
arrangements will prove at least as effective.

The key to long term competitiveness, these days, is finance - it's 
interesting to note that the Arse have now eclipsed Manure as the nation's 
richest club, second in the world only to Real Madrid, in the year following 
their move to the Emirates, and if West Ham's owners are seriously 
ambitious, securing a bigger and better stadium has got to be a high 
priority.

This is an interesting slant on it.


Latest News
Eggert Has His Own Throat Cut At West Ham
Submitted by Neville Nixon on 18 September, 2007 - 18:47.
 Famous for his "if those in control don't perform they may experience 
having their throats cut in order for the good of the club" statement which 
immediately preceded the sacking of Alan Pardew, West Ham chairman Eggert 
Magnusson has had his own throat metaphorically cut. In an official club 
statement owner Bjorgolfur Gudmundsson said: "I am so proud of what we have 
achieved since becoming involved with the Club and I am grateful for Eggert 
Magnusson's contribution to West Ham throughout this time. Of course there 
have been challenges but we have made real progress and can be confident 
about the future. It is now vital for our longer term ambitions to become 
one of the leading clubs in England playing for honours both at home and in 
Europe that we strengthen the senior team at the Club and build a truly 
professional management structure for the future." Eggert Magnusson said: 
"We have worked hard to create stability and optimism sometimes in very 
difficult and trying circumstances. I think it is now important to broaden 
the management team so that we can deliver the bright future that is opening 
up for the Club. I have enjoyed my time as Executive Chairman but feel the 
moment is right to stand back a little as we move into a new and exciting 
period. Well, what is this all about? Has Bjorgolfur Gudmundsson decided 
that his pal of some thirty years is not up to the job or has he decided 
that the stress of running such a demanding club could have a detrimental 
effect on the health on his healthy but ageing pal? Eggert Magnusson is not 
a young man and perhaps Bjorgolfur Gudmundsson has decided that a younger 
person, possibly his son who is wealthier than his father would be the right 
person to take the club forward. One thing that is for sure, our recent 
request to do an article with Mr Magnusson was not treated with the usual 
courtesy afforded to fan's sites from Hammer's press department, the timing 
was obviously wrong. Is this a brave new dawn or the destruction of the 
first visibly cohesive boardroom unit seen at the Boleyn for many a year? - 
Ed

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