Finally some signs of light appearing at the end of West Ham’s murky tunnel

West Ham United finally appear to have received some positive news regarding the ownership of the club after months of financial uncertainty has been causing problems both on and off the field.

The Hammers boardroom situation has been up in air since the collapse of the Icelandic banks left owners Eggert Magnússon and Bjorgóflur Guomundsson in financial turmoil with current owners CB Holding unable to provide any financial stability.

The behind the scenes drama has taken its toll on the pitch as well, with West Ham finding themselves in the bottom three of the table, 18^th with just 10 points after a torrid start to the season. Gianfranco Zola’s men have claimed just two victories thus far and despite the comments of the little Italian it is obvious that the financial situation is affecting the team.

West Ham have not been the most fortunate of clubs in the last few years as last season’s sponsors XL Leisure Group were placed into administration, forcing the Hammers to play a significant portion of the campaign with no sponsorship. However the Upton Park faithful have been offered a glimmer of hope through London based company Intermarket.

Intermarket went public several weeks back, claiming that they were interested in purchasing the East London club. West Ham initially reacted sceptically to this news as Intermarket are the not the first company to express an interest in the club. However Intermarket secretary David Byrne has stated that they have signed an agreement with Rothschilds Bank and have proof of the funds needed to make the purchase.

Intermarket are said to value the club at just £100 million after taking into account the debts of the infamous Carlos Tevez saga, an episode in the clubs history that has proved to haunt them for years. Hammers fans can however take heart from the companies stated intentions, as they plan to have a deal finalised by December 11^th. Once assuming control Intermarket plan to give manager Gianfranco Zola their financial backing to improve the squad. Byrne stated “We have definitely got the interested parties with the money needed to do what we need to do and get in some funding to stop West Ham having to sell players and make sure they can strengthen to be able to avoid relegation.”

This news will come as a ray of light in an otherwise gloomy start to the season for the Hammers. After successful performances under Zola last term, Hammers fans would not have been expecting to find themselves in a relegation spot and many football fans would agree that their squad deserves better than a relegation dogfight. West Ham supporters will be keeping their fingers crossed that this deal goes through as despite having some great young talent such as Zavon Hines and Jack Collison, they have undeniably been affected the boards policy of having to sell to buy. An injection of transfer funds is likely to be the formula need to kick start West Ham’s season.