INDIAN billionaire Anil Ambani is reportedly considering a bid to buy West Ham United.

The 49-year-old communications and energy tycoon arrived in London at the weekend amid speculation that he could make a £150million offer for the Hammers.

Ambani has previously been linked with offers for Newcastle United, Everton and Liverpool but has now reportedly set his sights on a London club.

With Tottenham considered over-priced at £500million, the world's sixth-richest man - with an estimated £20billion fortune - is understood to be keen on the Irons.

With the worldwide financial crisis causing the collapse of sponsors XL and Sheffield United's £30million compensation claim hanging over Upton Park, current owner Icelandic banking billionaire Bjorgolfur Gudmundsson, may be tempted to sell the club he bought for £85million in November 2006.

However, a club source told our sister paper the Echo that Gudmundsson - whose banks and companies invested more than £100million in XL - is "committed" to remaining at the Boleyn Ground.

Meanwhile, the Irons are still in discussions with a number of companies with a view to becoming the club's new shirt sponsor.

However, it is unclear whether a deal will be struck in time for a new logo to be emblazoned on the Hammers' jerseys for the Premier League trip to in-form Hull City on October 19.