West Ham United owner David Sullivan has revealed the club are no closer to signing any new players.
The Hammers have been relatively quiet in the transfer market this summer, with a deal to make Tomas Soucek's loan permanent their only business to date.
Supporters were up in arms by the club's decision to sanction the sale of Grady Diangana to West Brom, which also infuriated captain Mark Noble.
The club had vowed to reinvest that money back into the squad, but there has been no movement to date with less than two weeks until the transfer window deadline on October 5.
The Hammers have seen a bid rejected by Burnley for James Tarkowski, with the Clarets reluctant to sell him for less than £50million.
With only two weeks of the window remaining and David Moyes on zero points from their first two Premier League matches, pressure is building on the board to ensure the squad is strengthened.
However, Sullivan has reluctantly admitted that he can't guarantee there will be any further transfer business, which is unlikely to go down well with the supporters.
“It’s the manager’s decision,” Sullivan told talkSPORT.
“He doesn’t want to bring in players who are just numbers, just squad players. He wants to bring players in who will improve the team.
“We have a number of bids in for a number of payers, but teams don’t want to lose them; these are key players.
"They don’t want to lose them so whether we get any of these players I do not know.”
He continued: “We’ve got a very unbalanced squad. We’ve now got the funds to buy a player or two, but unfortunately at the moment the players the manager wants we can’t get, and he’ll be spending 18 hours a day looking at types trying to find players.
“I’m waiting for targets for the manager and we’ve got two or three bids in, but unfortunately the benchmark is very high and it’s very hard to get those players.
“We have got limited funds; if we had £400million to spend and someone said you spend 10 per cent of it – £40m – on a 28-year-old centre-back from a Premier League club who will remain nameless, at £40m you’d probably get the player out.
“For 10 per cent of your budget, it would probably make sense but to spend your entire budget on a 28-year-old centre-back…
“We’ve also got the fact we’ll probably get no gate money for the rest of the season and we’ve got to keep the club afloat and pay wages.
“I cannot say for sure that we are going to sign anybody. As each day passes I am getting more depressed.”
