WEST HAM have issued a statement revealing that they are in talks with a number of parties over the sale of the club, although they insist they are under no immediate pressure to sell.

Former Birmingham City owners David Gold and David Sullivan are known to have offered £50million for the Upton Park club, although it is thought that proposed deal will be rejected by West Ham's owners, CB Holding, a subsidiary of Icelandic bank Straumur, who own a 70 per cent stake in the club.

The statement, published on the club's official website, read: “Our shareholder CB Holding had made it clear it would like to find new owners for the club in the next three years and that is still the case.

“In recent months we have had a number of approaches from parties interested in investing in West Ham United. The club have had a number of discussions with those parties and the talks are ongoing.

“CB Holding is not under pressure to conclude an agreement in the immediate future, but the club will keep supporters informed of any developments when appropriate.”

The club is understood to be up to £40m in debt, although the owners have received a reprieve on their debt moratorium from the courts and are not under immediate pressure to sell.

As well as Gold and Sullivan, Air Asia founder Tony Fernandes and London-based financial company Intermarket are thought to be keen on investing in the club.