Our new Chairman and Chief Executive Officer Eggert
Magnusson was joined at Upton Park last night by his friend and
business partner Bjorgolfur Gudmundsson.
Mr Gudmundsson is the main financial supporter of the consortium
that completed a successful takeover of the Club on November 21,
and has since been handed the title of Honorary Life President at
West Ham United.
The 65-year-old is an international investor with interests in
various sectors including financial services, international
transportation, seafood processing and sales, real estate and
publishing. He was born in Iceland and lives in the capital
In an exclusive interview provided for whufc.com, the man known to
his friends and close business associates as BG reveals his love
and passion for the game and why West Ham United became such an
Mr Gudmundsson on…his love for football
"I have been a football fan for all of my life. I played
football as a teenager and was a member of the Iceland's oldest
club, KR. We became national youth champions in 1956 and this group
of friends continued playing for KR and became Iceland's
Premier League Champions for a number of times.
"But that was when I had stopped playing and devoted most of
my energy to business. Even though I did not have time for playing
football I never lost the enthusiasm for the game."
Mr Gudmundsson on…West Ham United
"Football fans all over the world take a great interest in
English football. I have been following the English League for well
over 40 years.
"West Ham United is one of the 10 biggest clubs in English
football. It has a strong and solid group of supporters who are
ambitious on behalf of the club.
"The club has a tradition and foundation for being one of the
big clubs in England and in Europe. The reputation of Bobby Moore,
Geoff Hurst and Martin Peters from the team of 1966 World Cup
champions lives on - and I know that is important for future
"West Ham has also a remarkable Youth Academy that, in the
last decade, has created a full squad of world ranking football
players. That is tremendously valuable."
Mr Gudmundsson on…his investment in English
"It is obvious that, without my interest in football, I would
not have invested in West Ham United. On the other hand I believe
that investing in an English football club is nowadays a good
"Football, and live football on TV, is one of the fastest
growing sectors in the leisure and entertainment industry. The
worldwide popularity of the English Premier League and the
Champions League is a clear indicator of the business potential of