West Ham United have been the subject of fresh takeover offers, it has been revealed.

The Daily Mail says the financial threat to West Ham's future was brought into sharp focus yesterday after it was revealed that owner Bjorgolfur Gudmundsson has lost £360million following the Icelandic banking collapse.

Amazingly, a 'serious' foreign bidder, who is a West Ham fan, last week had three offers to buy out Gudmundsson rejected. Since then, however, the Hammers owner has been removed as chairman of Icelandic bank Landsbanki after his government took over the troubled firm, placing it into receivership.

Gudmundsson is coming under government pressure at home to 'repatriate' his overseas assets to help save his country's crippled economy, amid fears that Iceland is heading for national bankruptcy.

Selling the club which he purchased for £85m almost two years ago would offer Gudmundsson the chance to pump some cash back into his country's economy, although West Ham directors have been given assurances he is not planning to walk away.