David Gold and David Sullivan will have full control of West Ham United.

The Sun says Gold and Sullivan are committing around £46m for half of the club, with current owners Straumur keeping the other 50 per cent.

But they will have total control to run the club as they see fit, with no interference from the Icelandic bankers.

Sources close to the pair say they will be quick to explain just how severe the club's problems are and how tough a task it will be to put things right.

One pal said: "In one way it's a victory because they seem to have won the day and clinched the deal amid stiff competition.

"But there is also a realisation of the daunting task ahead and just what a challenge they face now that they are finally in control."