Speaking live on air (via Football Daily), broadcast giant Sky Sports have now dropped a West Ham United takeover update.

The Lowdown: West Ham prospective buyers attempt swoop?

As first reported by the Daily Mail, a group of investors based in the United Kingdom have made a takeover bid for West Ham - reaching around £400 million.

Sources close to this development say the prospective takeover bid would've injected much-needed transfer funds into the club and hugely benefit manager David Moyes, all while transforming the surrounding area with outside investment.

After having their offer rejected by majority shareholder David Sullivan, the consortium which includes former QPR chief executive Philip Beard apparently remain determined to strike a deal.

The Latest: Sky Sports drop takeover update live on air...

Sky Sports, speaking live on air, have now dropped their own update after this development and shed light on the situation.

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According to the broadcaster, GSB still 'do not want to sell' and any interested party must prove they have the finances to take West Ham to the next level.

"West Ham's owners have turned down an informal approach to buy the club," they explained (via FD).

"The offer lead by the former QPR chief executive Philip Beard was rejected because it was vague and not in the best interests of the club we're told.

"David Gold and David Sullivan bought West Ham in 2010 and have regularly been approached by prospective buyers, now we're told they do not want to sell, and anyone wanting to make a bid would need the finances to take West Ham to the next level."

The Verdict: Disappointing?

Friction between West Ham fans and the club's owners is no secret and there have been large protests past seasons over their decision making and how the Hammers are run (Evening Standard).

In particular, a large section of fans were disappointed at West Ham's progression since they were asked to leave their spiritual home of Upton Park for the London Stadium - with the board previously promising a world class team and failing to deliver (The Guardian).

While they have qualified for the Europa League group stages next campaign, it was arguably very unexpected given the lack of investment and more a real overachievement by manager David Moyes.

As such, there may be a fair number of Irons fans who are disappointed by this latest update from Sky.

In other news: West Ham in contact to sign 23 y/o, lucrative five-year contract already discussed...find out more here.