A statement from Eggert Magnusson

Following his successful takeover of West Ham United today, Eggert Magnusson has issued the following statement…

"I am both delighted and honoured that Terry Brown and his colleagues wish to support our offer for West Ham United. We can now end the uncertainty of recent weeks and move forward into the next phase of development of this great club, with Alan Pardew leading our efforts on the pitch.

"I fully appreciate the personal responsibility that will come with becoming Chairman of West Ham in due course and pledge to the staff, the players and the fans that I am here to serve and to do all that I can to deliver genuine success on and off the field.

"This change of ownership comes at a very important time in the history of the club. Terry Brown and his fellow Directors have done a great job in recent years strengthening the club's foundations - I want to build on that, ensure continuity in the running of the club and help West Ham move to a new era.

"As we move forward we must not forget the club's great traditions, particularly in the training and development of young English players. All the way back to 1966 and the World Cup winning team of Bobby Moore, Geoff Hurst and Martin Peters, this is something that I have admired about the club. I am very committed to protecting and growing this part of the club's work.

"My mandate once I become Chairman is to oversee real progress at every level of the club's operations. This is a football deal to help the football club become even more successful. One part of that has to be securing the long-term future and we will look at various ways in which this can de done.

"In terms of the club's location we are buying what we see, which is West Ham United at Upton Park. However, if there is an opportunity to discuss a long-term move to the Olympic Stadium I would like to explore that, recognising that there will also need to be an athletics legacy from the London 2012 Olympic Games.

"I will also be continuing talks with Alan Pardew on how he sees the future on the playing side. This is very much his domain and he has my full confidence and support. He already knows that funds will be made available for the January transfer window but we need to discuss his needs and the investment that might be required to strengthen the squad.

"The main financial supporter of our bid, Mr Bjorgolfur Gudmundsson, has given me full backing and responsibility to take the club forward. He and I have known each other through football for many years and we share a passion for the game, particularly here in England.

"Mr Gudmundsson's commitment to the club is vital and he also believes that we can build something very special here at West Ham.

"Our partnership is now working with the club's officials and advisers to complete all of the necessary documentation on the takeover deal as soon as possible. We have made fantastic progress in recent days and once the formalities are completed I will assume the role of Chairman.

"There is a genuine excitement in the club about what we can achieve together, which I hope the fans will share. This club has so much to be proud of and I want everyone who loves and supports the club to bring their pride and passion to help build this next stage of West Ham United's future."

*The first exclusive interview with Eggert Magnusson will appear on WHUTV - West Ham United's official broadband video service - later this morning…