West Ham owners David Sullivan and David Gold have refused an informal approach to buy the club.
Sullivan and Gold, who bought West Ham in 2010, rejected the approach because it was a vague offer and was not in the best interests of the club, its supporters or its shareholders.
Former QPR chief executive Philip Beard has tried to strike a deal to buy West Ham.
Sullivan and Gold are unwilling to sell and would only consider a possible sale if a potential buyer had the best interests in West Ham as well as the finances to take the club to the next level.
The latter approach was viewed by the owners as a real estate deal rather than a football deal.
No proof of funds were provided and no mention was made of investing in the transfer market to strengthen the first team.
Sullivan and Gold are regularly approached by potential buyers, but many of them turn out not to have the funds to buy the club and often have no football background.
PL matches 21/22: West Ham debuts at Newcastle
West Ham will start their 2021/22 Premier League campaign with a trip to St James’ Park to play Newcastle United on August 15, live on Sky Sports.
The Hammers – for whom manager David Moyes recently signed a new three-year contract – are following this journey with back-to-back home games against Leicester City and Crystal Palace.
West Ham, who finished sixth in the 2020/21 season, will face Tottenham at the London Stadium on October 23 and host Chelsea on December 4.
Moyes’ men end their championship campaign with a trip to Brighton on May 22.