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Relegation would hit West Ham hard

West Ham United have warned of the “serious and severe” financial consequences if they are relegated from the Premier League this season after announcing a loss of £104.2 million.   The east London club said their biggest loss since returning to the top flight in 2012 was a result of player trading, poor performance and not having European football.

The wage bill increased from £161 million to £176 million for the financial year ending in May and their wages-to-turnover ratio rose to 77 per cent. They also owe £195 million in transfer fees to other clubs in next three years.West Ham United have warned of the “serious and severe” financial consequences if they are relegated from the Premier League this season after announcing a loss of £104.2 million.

If relegated to the Championship, West Ham would expect to sell several players such as Bowen, Jarrod and Summerville.

Turnover fell from £269m to £228m due to lower income from broadcasting and match days   The highest paid director, thought to be Baroness Brady, was paid £1.47 million, up £35,000.

West Ham paid almost £22 million in interest payments. The club also took out a £124 million loan facility for a five-year duration and has drawn down £89 million.

The club have been in talks with investors wanting to buy David Gold’s 25 per cent stake, controlled by his descendants. However, the problem remains that any new investor would not have control of the club without buying shares from David Sullivan, the co-owner who owns 39 per cent, or the Czech billionaire Daniel Kretinsky, who bought a 27 per cent share for about £150 million in 2021.

Some of the potential investors have a tech background, which could appeal to supporters who have called for better scouting and the use of the type of analytics employed by other clubs.West Ham paid almost £22 million in interest payments. 

The club have been in talks with investors wanting to buy David Gold’s 25 per cent stake, controlled by his descendants. However, the problem remains that any new investor would not have control of the club without buying shares from David Sullivan, the co-owner who owns 39 per cent, or the Czech billionaire Daniel Kretinsky, who bought a 27 per cent share for about £150 million in 2021.


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