The news of Tier 3 and now Tier 4 in London is more grim news for West Ham’s financial position.
The club posted losses of around £40m last season which are likely to be made public in January at Companies House and this season they are forecasting at least £50m of losses which could yet get worse.
They have borrowed from Media Rights and funding in August followed by a £30m rights shares issue then came two loans from high street bank Barclays just to keep the cash flow running and meet the huge bills from players wages and instalments on previous transfers.
The latest news on a new strain and Tier 4 status in the capital makes it much more likely that supporters will not return to the London Stadium this season with losses for all Premier League clubs continuing to mount.
The Hammers are unlikely to make any big investments in the January transfer window and other top-flight clubs without uber-rich sugar daddies are likely to follow suit this winter.
Will there ever be a point when you admit whufc is far too big for you’re two bob mates to run .
mates – what? Richard – that’s the long version of Dick I believe
I don’t think we’re one of the giants but there’s something seriously amiss when the club with the 3rd highest average attendence and the 7th highest turnover cannot compete with crystal palace for a player .
Richard, Palace sold Wan-Bissaka at the start of the 2019/20 season for 50 mill. and only spent 10 mill of that. They still had 40 mill. left so could easily pay for Eze. They also sold Alexander Sorloth for 18 mill, so had plenty of cash to splash. According to Transfer Market, West Ham have spent over 222mill. in the last 3 seasons. Palace have spent 34.5 mill. over the same period.