Dubai-based company Zabeel Investments have denied reports that they will launch a takeover bid for West Ham.

The group, led by Sheikh Hamdan Al Maktoum, have already placed a bid for Championship side Charlton and have denied that they are interested making a move for the Hammers.

A statement released by the group said: "There is no truth to media reports that Zabeel Investments made an approach to West Ham Football Club yesterday.

"Zabeel Investments has not approached any club since it made an indicative offer for Charlton Athletic last Friday, nor has it authorised any approach on its behalf. Zabeel Investments is currently in the due diligence phase of its offer to Charlton Athletic and it is therefore inappropriate to comment further at this stage.”

Speculation has been rife surrounding a number of potential suitors for West Ham after club owner Bjorgolfur Gudmundsson was sacked from his position as chairman of Icelandic bank Landsbanki after it was taken into receivership, in which he was a major shareholder.

The Hammers chairman has confirmed that the developments will bare no consequence on the club, although reports continue to suggest it may be put up for sale, with Birmingham City chairman David Gold having also ruled himself out of a takeover.

[Guardian-Series]

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