Sky Sports News understands that David Gold and David Sullivan have completed their takeover of West Ham United.

The former Birmingham City co-owners have pieced together a package that valued the Upton Park side at £105million.

Sullivan has taken control of 50 per cent of the club, although West Ham are yet to confirm the news officially.

West Ham United Take Over Complete

Karren Brady, who worked with the duo at St Andrews, is expected to be named vice-chairman once details of the deal are revealed.

Tony Fernandes, who was one of four parties looking to buy the club, conceded defeat in his chase for the Premier League side.

The Malaysian businessman revealed on his Twitter feed: “Deal lost on West Ham. Hopefully new owners protect what’s good.

“We gave awesome deal and new ideas to rejuvenate a club and bring excitement.”