West Ham United are the subject of a local takeover bid.

The Daily Mail says a group of investors based in the UK have made a takeover bid for West Ham worth more than £400million.

Sources claim the proposal would arm manager David Moyes with significant transfer funds and transform the London Stadium and surrounding area.

However, the consortium— which includes former QPR chief executive Philip Beard — saw their offer rejected by Hammers majority shareholder David Sullivan.

They are now considering their next step, but the group remain determined to strike a deal.