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Big loss at West Ham

The losses incurred by West Ham United in the last financial year emphasise the need for the club to stay in the Premier League. The Hammers made a pre-tax loss of £28.2m, which they say was driven predominantly by investment in the squad and wages: West Ham finances

Kieran Maguire of the PriceofFootball commented: 'West Ham losses last season highest of the decade, further adds to view that money has been wasted rather than not spent. Only a handful of clubs making a profit from day to day activities in the Premier League.'

He added, 'West Ham have spent money over the decade, total net spend £289 million, how well it has been spent is what angers fans I suspect. Owners have earned £18.6 million interest from West Ham since acquiring the club. Most other owners (Abramovich, Bloom, Moshiri, Mansour, NSWE at Villa, King Power, Denim, even Mike Ashley) lend the money interest free.'

'Biggest cost for clubs is player wages. West Ham's has risen from £25k to £63k a week over the decade, now costing £136 million in total. Not far away from Spurs, but expect theirs to rise in 2019 too.'

'Matchday income up a bit since the move [to the London Stadium], but how far does £8m go? New stadium makes West Ham matchday "best of the rest" but a long way behind the Big Six.'

West Ham have spent net £214.4 million on players in the last four years and invested £22 million on infrastructure, including a refurbishment of the club's facilities at Rush Green, according to the club.

The club's turnover rose by nine per cent to £190.7 million - mainly due to increased TV income, which now stands at £127.4 million (up from £118.5 million). Matchday income stood at £27.1 million, up from £24.5 million the year before, while commercial income rose to £27.4 million from £24 million.

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