Russian billionaire poised to inject millions into West Ham United - report

Russian billionaire Len Blavatik could become the latest foreign invester in the Premier League, after it was reported he was readying a £30 million offer to buy shares in West Ham United.

According to the News of the World, Blavatik - the 93rd richest man in the world according to the Forbes Rich List - is eyeing up a 35 per cent stake in the Hammers.

His fortune, which he built up in America with his multi-national firm Access Industries, is estimated to be worth around £5 billion.

Blavatik has yet to make contact with current Hammers' owners David Sullivan and David Gold, but is currently considering his next move after being encouraged by his financial advisers to make an offer.

More than 35 per cent of the club is held by Straumur, but they have a creditors' meeting on Thursday amid financial insecurity.

Sullivan and Gold rescued the ailing club in January from the brink of administration, and have since been actively looking for investment in the east London club.

Despite stating their preference to find a fellow West Ham fan to invest, the pair have made huge strides since taking over and would welcome Blavatik's investment.

New manager Avram Grant will hope any deal can be agreed which would supply him with an injection of further transfer funds in an attempt to strengthen the squad.

The former Portsmouth boss began life in the Upton Park hot-seat last week and has already been promised access to the club's coffers this summer.

Despite poor performances at World Cup 2010, Grant remains defiant when asked about the future of England international's Robert Green and Matthew Upson

"I have faith in English players. I've been coming here at least five times a year since I was 20 so know the English mentality," he said.

"You need to believe in these players. They are good. In England they only analyse. They've short memories. Three months ago all these players were the world's best. Now they're bad.

"There are enough good players in England that there is not a reason to think Germany are better."

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