Terence Brown | |
|---|---|
 Brown arriving at Upton Park August 2010 | |
| Occupation | Honorary Life President, West Ham United |
Terence Brown is the former chairman and Honorary Life President of English Premier League football club West Ham United.
England is a country that is part of the United Kingdom. It shares land borders with Wales to the west and Scotland to the north. The Irish Sea lies west of England and the Celtic Sea to the southwest. England is separated from continental Europe by the North Sea to the east and the English Channel to the south. The country covers five-eighths of the island of Great Britain, which lies in the North Atlantic, and includes over 100 smaller islands, such as the Isles of Scilly and the Isle of Wight.
The Premier League is the top level of the English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Football League (EFL).
West Ham United Football Club is an English professional football club based in Stratford, East London. They compete in the Premier League, the top tier of English football. The club play at the London Stadium, having moved from their former home the Boleyn Ground in 2016.
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During his time as chairman of West Ham he was often portrayed as someone unpopular with West Ham fans. [1] There were campaigns to remove him from his chairmanship [1] [2] and allegations of financial incompetence, during his chairmanship. [3]
A group calling itself "Whistle" was created by fans of West Ham United that were critical of Brown, following the club's relegation in 2003 and the subsequent sale of many of their top players. In April 2004, the group published a dossier accusing the board of financial incompetence, and asking questions regarding the club's finances. Brown and West Ham threatened to initiate legal action towards its members. Brown denied there was a financial crisis at West Ham and urged "to ignore this nonsense and back our boys." [4]
The group's aim was to seize control of the club and appoint a new management structure. But their attempts floundered as the existing directors retained the support of the club's major shareholders, the Warner and Cearns families. [3] Legal proceedings were commenced against three members of Whistle. [5] During 2004, two of the members submitted public apologies.
Brown's tenure as chairman ended in November 2006 with the sale of the club to an Icelandic consortium with businessman Eggert Magnússon as its chairman. [6] Brown made £33.4m from the sale of his 7,392,000 shares in West Ham as part of this deal. [7]
Eggert Magnússon is an Icelandic businessman and former President of the Football Association of Iceland and ex-chairman of West Ham United. Eggert is a former owner and CEO of an import/export and bread and biscuit manufacturing company.
In his final full season as chairman he received £1,016,847 comprising salary of £490,800, bonus of £310,000, benefits in kind £13,807, and pension payments of £202,240. [8]
On 13 August 2010, it was announced that Brown had acquired a small amount of shares from West Ham United's holding company WH Holding in conjunction with John Harris CBE and his son Daniel, known for building up the publicly listed Alba Group. Combined, their initial investment was £4,000,000. Brown is not on the West Ham board but is honorary life president. [9] [10]
