Brown said the Magnusson-led takeover would help West Ham move forward.

"Since promotion back into the Premier League the club has invested funds wisely, strengthening in key positions and moulding a young and exciting team faithful to the club's great traditions," Brown said in a statement.

"Eggert Magnusson is fully committed to ensuring the club can continue their great tradition of success both on and off the field, to the benefit of supporters and the wider community."

Magnusson told West Ham United television that he would step down as FA president at the federation's annual meeting next February but planned to remain on UEFA's executive committee.

"I will have time to reflect on this in the next few days," he said.

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