An Icelandic consortium is expected to complete a tekeover of West Ham early this week.
Eggert Magnusson, the president of the Icelandic FA and a member of Uefa’s executive committee, is set to replace Terry Brown as chairman.
Magnusson met Brown over the weekend and revealed that the consortium was preparing a formal offer for the Preiership outfit.
The offer is expected to be for £75m, plus with the new consortium also taking on the club’s £22.5m debt.
The consortium’s main backer is billionaire financier Bjorgolfur Gudmundsson, who is chairman of the Icelandic bank Landsbanki.
Magnusson has already met Hammers manager Alan Pardew to reassure him that his position is safe and that he will have funds for signings in the January transfer window.
The Hammers have gone out of both the Uefa and Carling Cups and they are fifth bottom of the Premiership.