Should Sebastian Haller make his expected departure to Ajax for the reported transfer fee of £22.6m the Hammers will have made a £22.4m loss on the striker that was a club record transfer of £45m.
The Hammers paid £22.5m upfront to Frankfurt from the proceeds of the sale of Marko Arnautovic to China.
They were due to made their fist instalment of £5,5m on the remainder in May this year before missing it causing a complaint being raised with FIFA.
The club later settled the first instalment with the German club but uncertainty surrounds whether a second instalment of £5.5m has been paid or not.
West Ham either owe Frankfurt £17m or £11.5m depending how that second instalment was re-structured after FIFA’s involvement.
The club reportedly tried to modify the instalment in light of the pandemic and financial turmoil affecting football.
That means that the sale of Haller could raise between £5.6m and £11.1m net could the repayment of Frankfurt is factored back in.
I think this exposes some of the concerns West Ham fans will have about the sale of Haller. Is it being done to raise cash to cover the outstanding instalments to Frankfurt? Or is it going to be reinvested into getting a replacement which will desperately be needed given our lack of cover in that position? I am no lover of Haller but don’t want to see him go unless there is a reasonable replacement more or less assured. I realise finances are tight but given Antonio’s hamstring issues we must get cover for him.
What concerns? He clearly does not fit our style and we overpaid for him. Get him out. Cover will be brought in.
I’m obviously not an expert and don’t know all the details od the deal with Frankfurt but I’m pretty sure you and the other media outlets reported that the fee will be spread over few years. So how can you call next year’s instalment payment a debt? It literally does not exist in this years financial report.
I’m guessing the 45 had a few clauses in that will never be achieved? Still getting him off the books and freeing up the wages is a win, there’s a good player, but not for our system. What a disaster it has proven to not keep Moyes the first time. Sullivan can’t help himself.
In fairness to the owner the manager had a target in Gomez who did not want to come. We then moved on to target number 2 in Haller. Frankfurt saw us coming and got a premium price. They back Pellegrini.
How is it GSB fault for backing the managers choice that did not work out? If they did not sign Haller, supporters would moan they are not backing the manager. They cannot win either player way with some supporters.
He was a poor signing. Learn from it and don’t repeat the folly of huge transfer fees and huge wages. Better to buy players on the up rather than players at their peak value.
I would like the owners to go but I don’t use nonsense to criticise them with only facts
Here here totally agree
And the loss of his wages from the books – 100k a week.
Gold and Sullivan keep fire-selling and then claiming they have no money. We have huge gaps in the squad – LB, CM, ST as minimums – this is ignoring gaping problems at GK and Left wing as well. We are lucky that 1) we’ve had no injury at CM with Soucek and Rice playing every minute of every game. 2) Cresswell at 31 has played every single game as well.
We won’t get this lucky again – we need proper investment in the squad and stop selling all our players.
Really just boils down to are they lying now? Or were they lying when the said how much they spent the summer before last
As usually the only certainty is they were lying at some stage
Ok I think that’s enough for now – you can’t throw those sort of remarks around
Perhaps not lying – but somewhere the whole truth is missing – on December 24 You published the below…
“The 26-year-old, however, despite three offers of loan moves back to Germany, is disinterested in making a return until the summer when the Hammers are set to get a £25 million fee – thus losing around £12 million on what they paid for him from Eintracht Frankfurt.”
My math may not be perfect but a 12M loss on a 25M sale would imply a 37M purchase… so what exactly are the numbers?
All figures are reported approximations as believe it or not we are not told by either club precise figure so tjhis ois not an exact science
All good – does seem odd though that the same website would be publishing numbers with an 8m difference a couple of weeks apart.
To try and understand the credibility of it all I’m just curious whether the 37m noted was on the assumption that the difference was agent fees/add-ons etc.? Or rather taken from another reported source considering as noted below that the 45M is the well-reported figure in both the UK and German press?
Not saying it is an exact science but assume there was some logic too it such as that pointed out below
I’ve got to agree a bit ,,the powers that be have never been truthful about a number of things..it may upset people but I’m afraid its the truth….I’ve list count on the number of promises and money that has gone mmissing…I always remember the money from the Za za deal that never got re invested..we had 20 million for a striker but we loaned him in the end and that was the last we heard of that money..just one of many ..imho
Ok Childish, let’s have a discussion. What haven’t they been truthful about, what money has gone missing, Zaza was loaned to us and we paid a £4.5 million loan fee to Juve. VCan u explain your point cos he was never our player or have I misunderstood you
We had 20 million to buy a full time striker..we ended up with za za wich was a loan in the end, wich obviously didn’t work out so then I clearly remember brady talking about 20 million we still had in the bank for buying a striker,,because of just the loan for za za ,and it never happened..I remember because it annoyed me …sorry just being truthful..nothing to do with you hugh before you get humpy .talking about a past story that didnt happen again
I don’t get humpy. I just respond when I believe something needs to be said. I’d be interested in how that got absorbed over the next couple of years but take your point
Yeah thanks hugh that was exactly my thoughts
Peace at last Childish. I get very busy and respond a bit to reactively at times
The £45m figure has been well reported by all UK and German media making him our record signing so it is the only recognised figure the media have used,
Whether it includes add-ons, agent fees etc is impossible to tell without reading the contract.
Again paying 50% up front was reported in both UK and Germany as was the instalments based on the FIFA dispute. Whether the £22.6m fee is correct is also speculation by European media, there may be add-ons or sell-on clauses.
These are only calculations based on what has been widely reported.
No-one ever knows the real transfer fee unless either club release a statement or the contract is published.
It is my opinion that once the deals for Snodgrass and Haller go through, the money will be reinvested into the squad to sign at least a LB, CM and striker. The reason I say this is that I kept a close record of the money we brought in and what we spend and saved in salaries. I reckon from our summer dealings we have a net transfer revenue of 21m and a net salary saving of 4m. So we have 25m from our summer dealings. We will now reduce our salary again by 140k as week (100k Haller and 40k Snodgrass if reports are correct). We will also receive a 25m transfer fee which we can use upfront. It has also been communicated by the manager that we need to sell in order to buy. That is what we are doing so. I believe the owners will deliver what Moyes is after now, and if you want another reason then if they don’t Moyes will leave in the summer. This could be a very exciting window after all !!! I wish Haller the best, I think he is a terrible striker in a 1 up top but I think he is a brilliant striker in a two up top.
We needed a striker anyway so if we sell haller we would need 2 ,or whats the point ..we would be in exactly same situation…I’m suprised no one see this only the transfer
He signed a 5 year deal and as such his ‘book value’ at the end of each financial year will fall by £9m. So his value at the end of May will be £27m (*assuming £45m correct). So if sold for around £22m, the actual loss for accounting purposes is only £5m. Of course there is other fees, rate of exchange differences etc, but it’s far less than the hard cash loss. If he was to go on loan for say £3m for half season and then sell for £22m in the summer, than that £5m loss turns into a £4m profit on top of the loan fee. But of course Ajax will not pay the entire fee up front. It’s unlikely they would pay more than half up front. So we’re perhaps looking at around £11m at most. So assuming a further payment for Haller was made, this £11m would only cover the balance of the fee due to Eint. Frant. So cash wise, there would be no funds coming in. It of course frees up a large salary and as they know further funds will follow net season from the sale then there is some funds that could be tapped into via ‘overdrafts/pay day loans’ we have in place already. It’s hard to see any major purchase without sales but again it’s limited to hard cash that comes in or we are dipping into future income.
Trying to make things too complicated here.If we get 22 million for Haller then that is what we get.We still have payments to make on him,likewise we will still be owed money for players we sold..Whoever we get to replace him that will be paid in installments,thats the way it works.Lets not conceal the true net expenditure made by our owners.
Sean and hugh these people who you constantly protect ain’t worth it .they are 2 bob con artists and you’re website is suffering for it . The name claretandhugh to whufc fans is the equivalent of daylight to count Dracula . See sense you’re being had . And when they sell up and they will . you won’t be thanked..
Foolish nonsense fuelled by ****ter. Not even worthy of debating. We’ve never been thanked and given we have a quarter a million followers here you may just be talking the usual garbage we have heard a million times before and which is as far wide of the mark as it gets along with your colourful, if rather stupid analogy.
I did write a comment but not here ..justcwanted to know if we did sell him we will be buying 2 forwards…?? If we dont we wont be in any better position?
I agree with you Hugh some supporters talk a load of rubbish on here that is not worth listening to. Apparently Haller cost around £46m he signed a 4yr deal with a 1yr option to extend his stay. If that is the case his value drops appx £1m per month as if he stays to the end of the 4yrs . 19months have passed his value is £27m taking into account the situation with covid £22m is not bad business. There is a decent player in him but not in the sysyem we play just because he is tall don’t make him a hold the ball up target man Kane is a example of that theory. I also doubt the club would let him go if they have not got replacements that they want lined up