West Ham United have rubbished claims they face administration.
The Independent says West Ham are furious at suggestions they face the threat of administration because of the economic crisis. The club's chairman and owner, Bjorgolfur Gudmundsson, who is the single shareholder, was hit hard by the collapse of the financial markets.
However, Gudmundsson has again reassured the club that he has no intention of selling West Ham and neither has he appointed the investment house Seymour Pierce to field inquiries from prospective bidders. There is interest in buying the club but this has been rebuffed by Gudmundsson, who has stressed that he remains fully committed to West Ham and would rather sell his other assets if he is forced to.
Understandably, and despite those reassurances, there is nervousness at the club.