The footballing world is getting hit by the credit crunch, but no football club has been hit anywhere near as greatly as West Ham.

Their owners are Icelandic, and bearing in mind their currency isn't exactly good anymore, they're really struggling in Iceland! The Hammers owners have confessed they are severely in debt. And now they are being chased for another £50million that they don't have, by Sheffield United!

Is it all over for them? Administration is imminent in my opinion so it's a bloody good job they've made such a bright start to the season coz with a 10 point deduction, they're going to be fighting for their lives both on and off the pitch this season!

But there is a small chance they will get to sell the club in time before the dreaded administration rule is passed.

They'll plummet down and become the next Leeds United.

Although this is more me speaking in hope than expectation!

If they get a Middle Eastern nutter though, they'll be top six... and I'll be cheering their opponents every week...

If they enter administration they are basically in the Championship and depending on the time it happens it'll be Leauge 1 the year after... but no doubt the Middle East will intervene.

I reckon someone will come along and buy them... buying English football clubs is a new trend amongst the rich these days.