A London group is preparing a takeover of West Ham United.

Intermarket are believed to have signed a non-disclosure agreement with Rothschild, the bank which is acting on behalf of West Ham's parent company, CB Holding, to secure investment in the club.

David Byrne, Intermarket's company secretary and joint founding director, told the Telegraph: "We'll be making a bid on Monday".

He added that Intermarket expected to hear back soon whether the offer is viewed favourably by CB Holding, the company formed by creditors and headed by the Icelandic bank Straumur which runs West Ham.