MSI and West Ham
In 2005 MSI was involved in negotiations to take over the English club West Ham United. The plan was abandoned in November of that year when agreement on a valuation of the club could not be reached.
On August 31, 2006, the Corinthians players Javier Mascherano and Carlos Tévez moved to West Ham United. The following day the club announced the opening of "exploratory discussions" over a possible takeover, reportedly by a consortium fronted by Joorabchian and Paul Yeubrey. West Ham in the end accepted a rival bid from investors headed by Eggert Magnússon.
The transfers of Tévez and Mascherano proved highly controversial. In April 2007 West Ham were fined £5.5 million for failing to reveal the full terms of the ownership of the players. In fact MSI retained a percentage of the economic rights to Tévez (through MSI Group Limited, a BVI company), shared with a second company, Just Sports Inc, while Mascherano was owned by Global Soccer Agencies and Mystere Services Ltd. All four companies were represented by Joorabchian who had officially stepped down as president of Media Sports Investments in June 2006.
Read more about this topic: Media Sports Investments
Famous quotes containing the words west and/or ham:
“It’s a warm wind, the west wind, full of birds’ cries;
I never hear the west wind but tears are in my eyes.”
—John Masefield (1878–1967)
“We had some ham and eggs and took our time saying goodbye to the bright lights.”
—Stanley Kubrick (b. 1928)