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Hammers hope to reverse COVID impact

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West Ham still have huge borrowings due to the impact of COVID  last season but  hope they will stem the big losses this season with a good Europa League run.

The Irons owners injected £30m in a rights issue and the club consolidated their borrowings with a new credit facility from MSG Holdings which allows them to borrow up to £120m over five years.

They use this to pay off Media Rights and Funding credit facility as well as a shower term loan from Barclays.

The credit facility – akin to an overdraft – allowed David Moyes to dip into the transfer market over the summer.

Now with fans back in the London Stadium, the club wants to maximise matchday revenue with as many games as possible.

Each Europa League win is worth a  610,000 Euro bonus  £514,000 worth over £1m with two wins so far.

A league and FA cup run would also bump up record ticket revenue this season.

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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