West Ham are in a relegation battle. No one gains financially from demotion, but it impacts some more than others. Existing cost bases play a big part, likewise a team’s ability to generate money by selling some faces that didn’t look out of place in the top tier. Beyond that, club owners come into play. Between 2015 and 2024, Championship clubs lost a collective £3.2billion, all of it (and a little more) funded by benevolent shareholders. Amounts required for recently relegated clubs can vary, but a general rule is that the longer you stay in the second tier, the more you’ll need to lean on an owner or two. One thing is for certain — if relegation comes, West Ham’s revenue will drop. That has been the case pretty much since the Premier League’s inception, but it has become more pronounced since 2016, when a new TV deal exploded onto the scene. Since then, only one club has seen post-relegation turnover fall by less than a third. That was Bournemouth in 2020-21, and even tha...
Hearts made a net operating loss of £400,000 in 2024/25 despite increased turnover and European football. However, it should be noted that the 29 per cent investment made by Brighton owner Tony Bloom, shows up on the balance sheet rather than the profit and loss accounts: https://www.bbc.co.uk/sport/football/articles/c33p83vll0yo In any case the loss is relatively modest compared with some English clubs.