West Ham co-owner David Sullivan has crushed any hope of a takeover from Tony Fernandes, unless the Malaysian businessman, who owns Formula One's Team Lotus, makes a proper offer to consider.
Fernandes announced that he had made a bid for the club on Twitter on Wednesday, but Sullivan dismissed the offer as so 'derisory' it was hardly worth bothering about.
Sullivan told ESPNsoccernet: "In my opinion it was never a real bid. It's dead because in reality it never existed.''
Sullivan revealed no offer had been made to him or co-owner David Gold and gave assurances that new manager Sam Allardyce's job was not under threat.
He told The Sun: ''The whole thing is nonsense. I can assure Sam he has an unbreakable two-year contract and he is the perfect man for the job.
''I can only think the motivation for this 'takeover' bid is PR. If there was a genuine Russian billionaire out there willing to pump hundreds of billions of pounds into West Ham then we'd step aside for the good of the club.
''But when someone offers to buy your club for buttons and does it via Twitter it is most unhelpful at a time when we are trying to rebuild West Ham.''
Gold added on Sky Sports News: "You would think that to buy a football club you would approach the incumbent owners. I find it quite bizarre that anybody makes any offer for a business via Twitter
"Let's hope it's serious as we would welcome another investor. It's inconceivable that somebody could begin negotiations this way. But you never know."