But Hammers owners David Sullivan and David Gold are behind controversial plans to move the club to Stratford.
BBC: UK Athletics boss Ed Warner boosts West Ham's 2012 plan
Yeung bought Birmingham City FC in 2009 after a protracted tussle with former owners David Sullivan and David Gold.
Zola's position has been the subject of speculation since owners David Gold and David Sullivan took over in January.
"We've been made aware of this incident and the details are still sketchy but we believe in Jermaine, " said Blues chairman David Gold.
BBC: SPORT | Football | My Club | Birmingham City | Blues back Pennant after incident
The news means David Sullivan will leave along with chief executive Karren Brady, although his former co-owner David Gold is expected to stay as chairman.
"We're delighted to sign a world-class striker, " chairman David Gold said.
BBC: West Ham confirm loan deal for Tottenham's Robbie Keane
David Sullivan and David Gold took over cash-strapped West Ham in January and immediately confirmed an intention to relocate to the Olympic Stadium in nearby Stratford.
New Hammers owners David Sullivan and David Gold want to leave Upton Park and lease the newly built stadium in nearby Stratford as the club's new home.
Edie Falco plays the title character, whose sincere, uncluttered wish to leave town and become an actress in Los Angeles mesmerizes David Gold, who is stagnating at home after a failed attempt at filmmaking.
However, the club's failure to quash rumours about O'Neill's arrival before and after last weekend's 3-0 defeat by Arsenal generated a backlash against owners David Sullivan and David Gold, as well as vice-chairman Karren Brady.
BBC: Avram Grant shrugs off doubts about his West Ham future
"We understand the responsibilities that come with calling the nation's iconic Olympic Stadium, which will be converted into a world-class football stadium, our new home, " West Ham joint chairmen David Sullivan and David Gold said in a statement.
On the day West Ham's new co-owners, David Gold and David Sullivan, stepped up their bid to occupy the Olympic Stadium after the 2012 Games, the pair will be desperately hoping their club will still be in the top-flight to enjoy it.
Chairman David Gold had been adamant that an immediate return to the Premier League was an absolute priority, and, whatever his personal qualities, it seemed highly unlikely McLeish would get a chance of a second shot at the second tier if he failed.
In a New Year letter to investors, David Einhorn listed gold as one of his Greenlight fund's top five holdings along with stock in Apple, Cigna, General Motors and Vodafone.
The 2006 Commonwealth Games swimming championships in Melbourne caused great excitement in our school when former pupil David Carry won gold medals in the 400m freestyle and individual medley events.
Eleven-time Paralympic gold medallist David Roberts, who hopes to compete in the 50, 100 and 400m freestyle events next year described the torch relay as "a fantastic idea".
Fellow Scots Tim Baillie won gold, and David Florence silver, in the canoe slalom C2 event.
Golf was played at the Paris Games in 1900 - when Walter Rutherford and David Robertson won silver and gold respectively for Great Britain - and four years later in St Louis, but has never returned to the Olympic agenda.
It was marvellous to see David Gale win his first gold medal in a major championship in the F51 discus while Beverley Jones, who won Great Britain's first gold in the shot, should continue to develop her talents in the field and also on the track.
BBC: SPORT | Other Sport... | Disability Sport | Encouraging signs
British boxers surpassed their Beijing target with bronze medals for light-heavyweight Tony Jeffries and super-heavyweight David Price, and a superb gold for middleweight James DeGale.
According to David Grosser, a vascular surgeon in the Gold Coast, Australia, clots behave in many different ways.
Gold and long-time business partner David Sullivan took over the club they supported in January after selling Birmingham City and winning a protracted takeover battle with Air Asia and Lotus F1 boss Tony Fernandes.
Wheelchair athlete David Weir, meanwhile, added a fourth GB athletics gold of the Games with victory in the T54 5, 000m final on Sunday night.
David Ranson of Wainwright Economics has looked at the relationship between gold and stockmarkets since 1824.
She took a touring gymnastics show to more than 30 US states and graced the sofas of TV superstars Jay Leno, David Letterman and Ellen DeGeneres, before becoming the third Olympic gold medallist to win Dancing With The Stars (the other two being short-track speed skater Apolo Anton Ohno and figure skater Kristi Yamaguchi).
BBC: US gymnast Shawn Johnson seeks focus to succeed in 2012
Britain's top two 400m hurdlers David Greene and Rhys Williams are Wales' best men's gold hopes while discuss thrower Philippa Roles has a chance.
David Ranson of Wainwright Economics, a consultancy, has examined how gold and corporate-bond spreads have worked as a guide to asset allocation since 1978.
ECONOMIST: Why are both Treasury bonds and gold performing so well?
Also attending is our colleague, David English, a University of Missouri Law School professor, and the gold standard of meeting frugality.
William Christie and Les Arts Florissants, the gold standard in French baroque opera, brought Marc-Antoine Charpentier's "David et Jonathas" (1688) to the Brooklyn Academy of Music last weekend.
Items also declared treasure by Norfolk's assistant deputy coroner David Osborne included an Anglo-Saxon silver pin found in Scoulton, a Middle Bronze Age Gold Bead discovered in Salthouse and a hoard of 59 silver Roman coins that date from the Roman Republic to Tiberius, the second emperor of Rome.
BBC: Roman gold coin revealed in 'lucky' Norfolk treasure find
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