Some good news for Gianfranco Zola and fans of the Upton Park outfit.
Former Birmingham City owners David Gold and David Sullivan have taken control of West Ham.
The duo bought a 50% holding, valuing the club at £105m, and will have the final say on all matters.
Sullivan said Gianfranco Zola will remain Hammers boss and Karren Brady will join the club as vice-chairman.
“We’re taking on a huge task at a club with enormous problems and it will take time for us to turn it around,” Sullivan told BBC Radio 5 live.
Scott Duxbury has stood down as West Ham’s chief executive, BBC Sport understands, with Sullivan and Brady taking over the day-to-day running of the club.
Sullivan added: “We have short-term goals and long-term goals. In the short term, we want to stay in the Premier League and in the long term we would like to be challenging for the top four and Champions League football.
“There will be some transfer funds available to the manager this month.
“January is not the best time to buy players – you don’t get many bargains in January – but the club has such an unbalanced squad, players will have to be bought, loaned or acquired. Gianfranco Zola has been trying his best this season to make do with a very thin squad that he has been unable to invest in, hence the side slipping down the pack after a decent season last term.
“Myself and my partner David Gold will be honest with the fans about the books, the imbalance of the squad and the crazy wages the Icelandic owners paid out that has brought the club to its knees.
“But this is an important day for us. For 20 years, this is the club we wanted.” (BBC Sport)
This should prove to be good news for Hammers fans as they hope to see their club avoid financial disaster as well as a nervewracking relegation battle. After finishing in ninth place this season West Ham have struggled for form as they throw numerous youngsters in at the deep end and as a result some people, rather stupidly, calling for Gianfranco Zola’s head.
The arrival of Messrs Gold and Sullivan should help resolve any short term issues relating to debt and if they run the club in a responsible manner, and they have a history of doing just that, then the east London club should have a lot to look forward to.
If Zola can get some new players in this month that would help immensely but the mere arrival of new owners should help improve confidence at the club and that can only be a good thing.