West Ham still waiting for takeover bid from former Birmingham chief Sullivan

Interest: Ex-Birmingham owner David Sullivan West Ham today maintained there has not yet been any new formal takeover bid for the Barclays Premier League club.  There have been reports both David Sullivan, who recently sold hisstake in Birmingham, and the London-based Intermarket Group were readyto launch a move to buy the Hammers, who like most clubs have a highlevel of debt.  However, despite current owners CB Holdings - a company arm of Icelandic investment bank Straumur - being open to potential offers, which would have to be in excess of £100million, as yet an immediate takeover is not currently on the agenda.   In debt: West Ham are heavily in the red, like many Premier League clubsA West Ham source revealed: 'There have been no significantdevelopments at all, and no formal offer from any party. The club stillenvisage the sale will be a medium to long-term initiative.' West Ham fan David Sullivan holds talks over investing in Upton Park clubFergie in for £20m Carlton - Manchester United to fight Liverpool for West Ham's ColeLEO'S LONDON: Spurs chief Daniel Levy takes huge pay cut - too bad he shelled out £2m to get rid of Juande Ramos and consigned John Bostock to League One by axing reservesWEST HAM UNITED FC

Source: Daily_Mail