Last updated: 7th October 2008
Gudmundsson: Committed to West Ham
West Ham have insisted that the position of Landsbanki bank has 'absolutely no effect' on the club.
Concerns have been raised over Bjorgolfur Gudmundsson's ownership of the club due to his involvement with Icelandic bank Landsbanki.
Landsbanki has now been placed into receivership but West Ham chief executive officer Scott Duxbury has played down worries over the club's financial security.
"The position of Landsbanki has absolutely no effect on West Ham United and Mr Gudmundsson's ownership of the club," Duxbury said in a statement on the club's official website.
"Mr Gudmundsson is an investor with a large portfolio, of which Landsbanki was just part. He remains as committed as ever to West Ham United and is not looking to sell the club.
"As has previously been stated, Mr Gudmundsson has invested £40million net in the playing squad to create a squad capable of challenging in the top half of the Premier League."
West Ham vice-chairman Asgeir Fridgeirsson announced earlier on Tuesday that no more funding will be made available to manager Gianfranco Zola for the foreseeable future.
And Duxbury has claimed that Zola is looking to trim his squad anyway to make it a more sensible size.
He explained: "Since his appointment, Gianfranco Zola has made it quite clear that his first-team squad is too large and needs to be reduced so he can effectively coach the team.
"Once this has happened and if the manager requires further players, then the club will acquire them.
"Mr Gudmundsson remains fully committed to the success of this football club and building on the excellent start made by Gianfranco Zola."

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| Time | Fixture |
|---|---|
| Saturday 15th August | |
| Barclays Premier League | |
| 15:00 | Aston Villa vs Wigan |
| 15:00 | Blackburn vs Man City |
| 15:00 | Bolton vs Sunderland |
| 15:00 | Chelsea vs Hull |
| 15:00 | Everton vs Arsenal |
| 15:00 | Man Utd vs Birmingham |
| 15:00 | Portsmouth vs Fulham |
| 15:00 | Stoke vs Burnley |
| 15:00 | Tottenham vs Liverpool |
| 15:00 | Wolverhampton vs West Ham |
| Tuesday 18th August | |
| Barclays Premier League | |
| 19:45 | Birmingham vs Portsmouth |
| 19:45 | Burnley vs Man Utd |
| 19:45 | Fulham vs Blackburn |
| 19:45 | Hull vs Tottenham |
| 19:45 | Sunderland vs Chelsea |
| 19:45 | Wigan vs Wolverhampton |
| Wednesday 19th August | |
| Barclays Premier League | |
| 19:45 | Liverpool vs Stoke |
| Saturday 22nd August | |
| Barclays Premier League | |
| 15:00 | Arsenal vs Portsmouth |
| 15:00 | Birmingham vs Stoke |
| 15:00 | Burnley vs Everton |
| Time | Result |
|---|---|
| Sunday 24th May | |
| Barclays Premier League | |
| Aston Villa 1 - 0 Newcastle | |
| Blackburn 0 - 0 West Brom | |
| Hull 0 - 1 Man Utd | |
| Man City 1 - 0 Bolton | |
| Sunderland 2 - 3 Chelsea | |
| Fulham 0 - 2 Everton | |
| Arsenal 4 - 1 Stoke | |
| West Ham 2 - 1 Middlesbrough | |
| Wigan 1 - 0 Portsmouth | |
| Liverpool 3 - 1 Tottenham | |
| Monday 18th May | |
| Barclays Premier League | |
| Portsmouth 3 - 1 Sunderland | |
| Sunday 17th May | |
| Barclays Premier League | |
| Chelsea 2 - 0 Blackburn | |
| West Brom 0 - 2 Liverpool | |
| Saturday 16th May | |
| Barclays Premier League | |
| Newcastle 0 - 1 Fulham | |
| Bolton 1 - 1 Hull | |
| Stoke 2 - 0 Wigan | |
| Middlesbrough 1 - 1 Aston Villa | |
| Tottenham 2 - 1 Man City | |
| Everton 3 - 1 West Ham | |
| Man Utd 0 - 0 Arsenal | |
| Pos | Team | P | Pts |
|---|---|---|---|
| 1 | Arsenal | 0 | 0 |
| 2 | Aston Villa | 0 | 0 |
| 3 | Birmingham City | 0 | 0 |
| 4 | Blackburn Rovers | 0 | 0 |
| 5 | Bolton Wanderers | 0 | 0 |
| 6 | Burnley | 0 | 0 |
| 7 | Chelsea | 0 | 0 |
| 8 | Everton | 0 | 0 |
| 9 | Fulham | 0 | 0 |
| 10 | Hull City | 0 | 0 |
| 11 | Liverpool | 0 | 0 |
| 12 | Manchester City | 0 | 0 |
| 13 | Manchester United | 0 | 0 |
| 14 | Portsmouth | 0 | 0 |
| 15 | Stoke City | 0 | 0 |
| 16 | Sunderland | 0 | 0 |
| 17 | Tottenham Hotspur | 0 | 0 |
| 18 | West Ham United | 0 | 0 |
| 19 | Wigan Athletic | 0 | 0 |
| 20 | Wolverhampton Wanderers | 0 | 0 |
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