By Jonathan Davies

Administrators of collapsed foreign exchange Alpari UK say they have received several offers from potential buyers.

KPMG was appointed as administrators on Monday after Alpari, which is the main sponsor of West Ham United Football Club, went into insolvency last week after huge turmoil with the Swiss franc.

The Swiss National Bank scrapped a limit on the value of the Swiss franc against the euro, claiming it was no longer justified. That resulted in huge problems for foreign exchange firms and Swiss shares.

KPMG said Alpari still holds £66m worth of client money which would be returned.

Richard Heis, one of the KPMG administrators, said: "We have had a number of inquiries from interested parties in relation to the company's business.

"We will be speaking with these parties and others over the next few days, and hope to secure a deal to preserve the business and jobs as far as possible."

West Ham

West Ham and Alpari's sponsorship deal still had 18 months left, but Alpari's collapse has forced West Ham to search for a new sponsor.

The London club has confirmed that it is in advanced talks with a potential new sponsor.

“The Club has received huge interest and is already in advanced discussions with potential new shirt sponsors for next year,” West Ham said in a statement.

The club's board said Alpari's demise would not affect its finances.

“The Board would like to reassure supporters that Alpari (UK) Limited's situation will have no impact on West Ham United. The Club remains in a strong financial position and just last month published accounts showing record revenues and a group profit of £10.3m before tax.”

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