From The BBC:
When West Ham’s players step out to play West Brom in the Premiership, they will do so in shirts carrying no sponsor’s name, following the collapse of XL Holidays midway through a three-year £7.5m contract.
The Hammers have also suspended all sales of replica shirts and have started work to remove all XL branding from their Upton Park ground.
The club’s Icelandic chairman Bjorgolfur Gudmundsson has a long connection with XL, and the failure of the holiday group which has collapsed leaving tens of thousands stranded could end up costing the Gudmundsson family up to £200m. A big hit, even for people who are very wealthy by any standards.
Until 2006, much of the business which became the holiday group XL was owned by an Icelandic company controlled by Bjorgolfur Gudmundsson and his son Thor Bjorgolfsson.
Family connections
The son’s business interests are even more extensive than the father’s, and there are close connections between them.
In 2006 the XL travel business was sold…
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