West Ham United manager Sam Allardyce has signed a new two-year contract with the Premier League club.

Co-owner David Gold used his personal Twitter account to reveal the 58-year-old Allardyce would be staying at Upton Park.

“I am delighted to announce that our manager Sam Allardyce has signed a new two-year contract,” Gold said on Saturday.

Allardyce said on Friday he was all set to agree a new deal, having steered the east London club to guaranteed Premier League survival in their first season back in English football’s top flight.

“I will be signing my contract very shortly. Early next week will be the right time,” Allardyce explained.

He said the wait was more a consequence of the need to secure the club’s Premier League position and legal formalities than any problem with the hierarchy at West Ham.