West Ham set for takeover bid from London-based company Intermarket

Financial company Intermarket is set to make a takeover bid for Premier League strugglers West Ham. The London-based company is believed to value the club at £100million and, according to the Daily Telegraph, is expected to table the offer on Monday.The figure includes an estimate of £48m worth of debt while the club's owners, CB Holdings, insist they are nearer £38m. Ups and downs: The Hammers beat Portsmouth on Boxing Day but they sit just above the relegation zone on goal difference after losing to Spurs two days laterA spokesman for Intermarket said he could not reveal any details as the company had signed a non-disclosure agreement withRothschild, the bank appointed by CB Holdings to canvas potentialinvestors.Icelandic bank Straumur, the main shareholder in CB Holdings, is in no hurry to sell after being granted an extension until September 2010 to pay off their debts.Former Birmingham City co-owners David Sullivan and David Gold have already had a bid for the Hammers rejected. Tony Fernandes rules out making a bid for struggling West Ham UnitedSpurs 2 West Ham 0: Defoe and Modric propel Tottenham into the top fourWest Ham owners to reject £50m bid from Birmingham duo Gold and SullivanLEO'S LONDON: Super Cesc Fabregas has proved he is Arsenal through and throughWEST HAM UNITED FC

Source: Daily_Mail