Former Birmingham City owners David Gold and David Sullivan have made a £50 million bid for West Ham, according to reports.
A source close to David Gold has told Sky Sports News that part of the bid will go to the Icelandic owners and the rest will service the current debt and provide transfer funds in January.
The bid has been submitted to Rothschild and Standard Bank, who were given the task of finding new owners back in October.
But it is also understood that the pair’s bid is just one of a number which appear to have been tabled for the club.
The former Birmingham owners are keen to conclude a deal by Christmas to allow Zola to strengthen his squad in the January transfer window.
The pair had been linked with a bid for West Ham and when specifically asked about the Hammers back in October, Gold told Sky Sports: “I wouldn’t dwell on the problems or previous owners.
“What I would say to you is that travelling to Birmingham City Football Club and now having left them, it’s a three hour journey to get there and a three hour journey to get back.
“So I’d like to change that, now that I’m making a change in my life. I wouldn’t want to go north of Watford to a new club.
“Is West Ham south of Watford? Yes it is, but so is Brighton, Charlton, Southampton – there’s lots.
“And it depends – it’s also a question who wants us? I think we are a formidable trio – (former Birmingham managing director) Karen Brady, David Sullivan and myself – we’ve got a fantastic history of what we’ve achieved.”