Career
He spent most of his career in Germany, amassing Bundesliga totals of 211 games and 39 goals for two clubs, mainly. One of the first Icelandic football players to play in a foreign country, Ásgeir moved to Belgian club in 1973 and stayed there for eight seasons, amassing more than 300 appearances overall and helping it to the 1981 Belgian Cup. Immediately after, he was bought by Football Club, but only lasted one year.
Ásgeir then joined fellow Bundesliga team VfB, where he figured prominently until his retirement at 35.
In his second year he scored a career-best – in Germany – 12 goals, being instrumental in a league conquest after a 32-year wait. After retiring, he worked at for another three years, as a scout.
Between April and November 1993, Ásgeir had his first coaching experience, with native Knattspyrnufélagið Fram. Ásgeir gained 45 caps for Iceland and scored five goals, his debut coming on 3 July 1972 at only 17 in a 2–5 friendly home loss against Denmark.
He acted as technical director at the Football Association of Iceland for six years, and later coached the national team from 2003 until late 2005.
In November 2003, to celebrate Union of European Football Associations"s 50 anniversary, the Icelandic FA selected Ásgeir as its Golden Player, the most outstanding Icelandic player of the last 50 years.