Bank not a worry for Hammers

West Ham will not be affected by the nationalisation of Iceland's second biggest bank Landsbanki, according to a board member.

There were worries that West Ham would be affected by the collapse of the bank that was placed into receivership on Tuesday as club chairman Bjorgolfur Gudmundsson is a major shareholder in both West Ham and the bank.

"This is not affecting West Ham," a senior boardroom member told the BBC

"One of Mr Gudmundsson's investments has gone bad, but he is still standing and has a lot of other investments."