Former Birmingham City chairman David Gold has hinted he and David Sullivan are ready to buy West Ham United.

Gold and Sullivan are looking for a new Premier League challenge after the co-owners sold Brum to Hong Kong tycoon Carson Yeung last week.

And Gold added: "There are other clubs - although I can promise you that, after 16 years of travelling up and down the M1, we won't be going any further north than Watford!"

The Hammers' asking price has now dropped to £100million but that is understood to exclude about £50m of debt.

But Gold and Sullivan, who made £80m from their Birmingham deal, could land the Hammers for around £50m in equity as the club's Icelandic owners want out.