Statement from the CEO

West Ham United would like to assure all supporters that the club is financially sound and running as normal.

"It's business as usual," said Chief Executive Scott Duxbury. "Like all businesses we have been affected by the current economic climate but we're in a strong position financially and are a well-run club. Everyone here, from the playing staff to those in the back office, is focused on building for success.

"The business plan and the prospects for the development of the club have never been clearer. We are looking forward to a bright and successful future and this applies especially to playing matters and the support for the manager Gianfranco Zola. We have a talented squad with a healthy mix of elite internationals and homegrown youngsters, plus more coming through from the Academy.

"All talk of fire sales to raise revenue, and having to sell players for reasons other than football ones, is simply not true. Gianfranco made it clear when he joined us the playing squad was too large and can be better managed, and be more successful, if it is reduced. That's why players might be sold and the manager will decide what happens.

"It's about having quality rather than quantity and he is happy with what he has at the moment."

The club can also confirm that good progress is being made on a new shirt sponsor. Detailed and productive discussions are taking place and as soon as the club is in a position to confirm this agreement, the new partners will be unveiled via