CB Holdings say they won't be pressured into selling West Ham United.

The Daily Mail says former Birmingham City owners David Gold and David Sullivan have tabled a £50million takeover bid, which is understood to be around half the club's own valuation.

Gold and Sullivan are reportedly ready to provide manager Gianfranco Zola with a £20million January transfer fund to improve a squad currently struggling to escape the Barclays Premier League relegation zone.

CB Holding have told the West Ham board they are in talks with a number of interested parties - but stressed they are under no pressure to rush into any deal.