West Ham are expected to make an announcement on Thursday on Eggert Magnusson's proposed 75million takeover of the club.
The Icelandic businessman, who is head of the Football Association in his own country, has been reported to be meeting Hammers chairman Terry Brown this week for discussions.
His initial bid was turned down last week but he returned with an improved offer. It is understood that an announcement on the matter, either through the Stock Exchange or the club, will be made on Thursday.
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