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Hammers free up £14m off wage bill

MoneyballWest Ham has freed up nearly £14m off their annual wage bill for this coming season which can be re-invested in new players.

Including basic wages, employers national insurance and add-ons Gokhan Tore £60,000 per week,  Jonathan Calleri £40,000 per week and Alvaro Arbeloa £65,000 all officially end their loans on 30th June in 9 days time.

The sale of Havard Nordtveit to TSG 1899 Hoffenheim for £5m will also save another £55,000 per week in wages.

Reece Oxford is one of the highest paid Academy players and his £20,000 per week will be saved by going out for loan for a season with Borussia Monchengladbach.

Stephen Hendrie and Raphael Spiegal cancelling their contracts by mutual consent will free up another £25,000 per week in wages combined.

The combined weekly wage value of this outbound players is around £265,000 per week or £13.78m annually.

Financial Fair Play is no longer a real factor after the rules changed last season on how it can be calculated and West Ham has the advantage of including the increase of revenue from the move to the London Stadium. In reality, it would be hard for us to reach the new FFP ceiling.

Let’s hope we reinvest these wages wisely this summer.

About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter
 

4 comments on “Hammers free up £14m off wage bill

  1. Time to invest it on Iheanacho before Leicester gazump us.We don’t want a repeat of last Summers fiasco in the transfer market.Does anyone know why its all gone quiet on the Onyekuru front too ?.

  2. With Zaha, Payet and possibly Fletcher and shoddy we would have about £450 per week available that should cover Henry (qualification for a work permit is the hold up), Giroud, kelechI, batshuyi and Barlkey
    Not bad if the board aren’t looking to run down debt and stay in the EPL. It’s a bit like Arsenal did only they were pretty good at it.

  3. In reality thats probably less than two quality players wages but yes I hope we do spend the money wisely, the reality is our pay cap will probably have to rise to attract the sort of quality that we are supposed to be after.

  4. Always makes me laugh when Sky are doing the CL promotion play offs & they do all this ‘ £100m match’ stuff & go all weak at the knees when other TV rights deal is announced. As if the owners will become rich by getting into the PL. in fact it all goes straight into higher wages & transfers. The clubs that do hang on to it go back down again. No idea what the answer is but i don’t believe it can go on like this. Something will happen to change it- maybe Brexit?

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