Dubai-based investment group deny West Ham takeover reports

Zabeel Investments have issued a statement rejecting claims they are interested in buying West Ham.

Reports suggested that the Dubai-based group had switched their attentions from Charlton to the Barclays Premier League outfit after Hammers owner Bjorgolfur Gudmundsson's assets were hit by the financial turmoil in Iceland.

Gudmundsson was a major shareholder in Iceland's second-biggest bank, Landsbanki, before it was nationalised last week.

"There is no truth to media reports that Zabeel Investments made an approach to West Ham Football Club yesterday," reads a statement from Zabeel Investments.

"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".

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