But the club deny being in financial trouble

Landsbanki, the bank that West Ham’s Icelandic chairman Bjorgolfur Gudmundsson owns a 40 per cent stake in alongside his son, has been put into receivership and will be taken over by the country’s government.

The news could prove disastrous for West Ham who, having sold players this summer to balance the books, are without a shirt sponsor following the collapse of XL and may be forced to pay Sheffield United in excess of £30 million over the Carlos Tevez affair.

However, an unnamed West Ham board member denied reports that recent developments have left the club in financial danger, telling the BBC:

“This is not affecting West Ham.