West Ham owners Straumur going cheap as Gold and Sullivan prepare bid

West Ham's owners, troubled Icelandic bank Straumur, are aware that they face a huge gamble in assessing the bidders trying to buy the club, among them the former Birmingham City owners David Gold and David Sullivan. On initial assessment, none of the bids stands out and it is thought that none will come close to the £100million the bank need to recoup on the club to satisfy creditors and shareholders. But relegation to the Championship would drive the value of the club down further to about £60m and with debts at £40m and compensation due to Alan Curbishley and Sheffield United totalling almost £40m, Straumur risk getting next to nothing if they don't do a deal soon. Prospective buyer: Former Birmingham City owner David Sullivan West Ham will go for the jugular and hurt Chelsea with set pieces: ZolaWest Ham v CHELSEA: Didier Drogba back up front for derby dayGianfranco Zola insists: I must be the one to blame for West Ham's demiseWEST HAM UNITED FC

Source: Daily_Mail