David Gold & David Sullivan offer to buy into West Ham

It has been reported that David Sullivan and David Gold have tabled an offer to buy into West Ham.

Both are expected to take a substantial shareholding for a nominal fee, promising to invest in the team in January and offer expertise plus the option of buying the club outright at a later date.

West Ham are owned by CB Holding, a company made up of creditors of Hansa, which was owned by former chairman Bjorgolfur Gudmundsson.

CB Holding have appointed Rothschild and Standard Bank to try to find a new owner for the club.

“Several parties” have made approaches and are involved in “an ongoing dialogue” about the possibility of buying the Hammers, according to a senior board member, but negotiations are still at a fairly early stage.

Gold and Sullivan sold Birmingham to Hong Kong billionaire Carson Yeung in October, ending their 16-year tenure at the club.

They bought the Blues for £1 and sold the club for £82m. The duo have a strong affiliation with West Ham and once owned a 30% stake in the Upton Park club.