London, Dec 10 (DPA) David Sullivan and David Gold, Birmingham City's former co-owners, on Thursday made an offer for West Ham United of around 42 million pounds ($68.3 million).

Two proposals are outlined in the offer. One would be to purchase West Ham outright. The other would be to take a 50-per-cent stake with a guarantee of funds to buy new players.

Interested parties had until Thursday to submit bids to Rothschild, the bank appointed by CB Holdings in October to find new owners.

CB Holdings was formed by creditors and headed by the Icelandic bank Straumur, which runs West Ham, following the collapse of the Icelandic economy.

Reports had suggested Straumur were seeking a figure of nearer to 80 million pounds, and there is understood to be no immediate pressure to sell.