Date: 19th August 2010 at 9:32am
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Former West Ham chairman Eggert Magnusson has emerged as a shock contender to mount a takeover bid for Wednesday, according to today’s Daily Mail.

The Icelandic businessman has been away from English football since his spell as West Ham chairman but is thought to be heading a consurtium that are in talks with Wednesday.

The Owls are on the lookout for potential invesmtent into the club and have already revealed that American company Club 9 Sports and another, unnamed consortium, are showing interest.

But Magnusson’s interest has come somewhat out of the blue following his stint as chairman of the Premier League Hammers three years ago.

Magnusson is understood to have shown initial interest last season by attending a match at Hillsborough but never got any further in the process of investing following Lee Strafford’s departure from S6.

He has an interest in football and is a former president of the Icelandic FA and was on the UEFA executive committee.