PREMIER League side West Ham have confirmed the club have been sold to asset management company CB Holding.

PREMIER League side West Ham have confirmed the club have been sold to asset management company CB Holding.

The deal should secure the club's financial future after previous owner and chairman Bjorgolfur Gudmundsson saw his fortune wiped out in the credit crunch.

Gudmundsson and vice-chairman Asgeir Fridgeirsson have both left the club.