West Ham have paid the sixth-highest bank interest payments in the past five years within the Premier League according to research published by football finance expert SwissRamble.
Manchester United have paid a massive £150m in interest payments with Arsenal a long way back in second paying out £61m, Spurs is a close third on £57m.
Next comes Everton shelling out £15m followed by the Hammers with £13m in interest payments with Chelsea and Liverpool some way behind in joint seventh with £7m.
Leicester City, Sheffield United. Wolves, Newcastle United, West Bromwich Albion, Fulham and Brighton have paid no interest payments in the last five years.
West Ham have paid out an additional £19.7m interest to owners David Sullivan and David Gold in respect of shareholder loans made between 2011 and 2014 with £45m loans outstanding.
A new £9.5m interest-free owner loan in 2018 was made from new director Tripp Smith. The club raised a further £30m from shareholders in a July 2020 rights issue.
Boo Hoo……….. I don’t hear this financial version of crying spouted from any other Football Club apart from West Ham……….even the notoriously bad Mike Ashley had enough common-sense to fund transfers at Newcastle without bursting into tears…… Suck it up or get out of the business GSB.
Tottenham & Arsenal are because they financed their grounds, we bagged 45m.
The rest for us is to GS.
Man U American crooks.
How the hell did this lot become businessmen?.the lack of activity in this window has become a joke.Just watch what happens.no signings then panic and bring on board free agents on mega wages as usual.Could not run a bath never mind this football club.
But but But but I thought they were spending their kids inheritance?
Surely that is not yet another lie and in fact any money they have ‘put in’ to the club is earning them more interest than any banK would be paying?