A multinational consortium, led by a group of wealthy West Ham fans, is reportedly lining up a £100 million bid to buy the Premier League strugglers.
The Hammers are currently owned by CB Holding, an Icelandic holding company made up of banks owed money by the previous owner Bjorgolfur Gudmundsson, but a report in the News of the World claims that a group headed by Wall Street businessman Jim Bowe will make an offer.
Bowe's Intermarket Group have begun negotiations with a view to buying the Upton Park club in the coming weeks and have aspirations to make money available in the January transfer window.
"My colleagues and I have been approached by the consortium with the aim of buying West Ham in its entirety," Bowe told the News of the World. "We are not interested in just taking on the debt, or securing a percentage. We want to get West Ham back on track for the upper echelons of the Premier League.
"We want what the fans want and there is no restriction on us as to how we achieve that aim. We are in the early stages of our discussions with the club. But we are optimistic that we can develop a proposal that will benefit all parties. The best deal is the deal where everyone feels that they've won.
"The consortium comprises West Ham supporters who have made serious money in the City, the United States and elsewhere and who see the potential in the club, its fanbase, academy and playing staff.
"The people involved have the money required, and, more importantly, the right sentiments. They have no interest in interfering with the playing side of things, but they will make money available in the January transfer window."