West Ham face financial challenges

This blog essay expresses concerns about West Ham United's finances in the wake of the coronavirus epidemic: Facing financial black hole

All clubs will face financial challenges if crucial television income is substantially reduced because matches can't be played. Although West Ham United announced £27m losses for the 2018/19 financial year, losses have shot up across the Premier League.

However, a particular problem is that co-owner David Sullivan's money is tied up in a property portfolio which is likely to plummet in value. Like many rich individuals, he is not very liquid.

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The Political Economy of Football V2

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