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Hammers pay day

West Ham employees have been paid today without the help with any government handouts.

Newcastle United and Norwich City have furloughed many staff with taxpayer funds while Spurs, Liverpool and Bournemouth performed spectacular U-turns on their furlough schemes after intense supporter pressure.

West Ham players have agreed to defer part their wages for three months, thought to be around the 25% mark while Vice-Chairman Karren Brady, the CFO Andy Mollet and manager David Moyes take a 30% pay cut from their monthly compensation. Shareholders David Gold and David Sullivan will also defer their interest payments.

The Hammers normal wage bill is thought to be around £10.5m per month but that is likely to have dropped to around £8.5m this month.

All employees directly employed by West Ham continue to be paid in full including ticket office and club store plus casual staff.

In the last set of financial accounts, West Ham had a payroll of 542 full and part-time employees.

The club is thought to have paid April’s payroll today with existing funds with a £30m cash injection planned in May via a shareholder rights issue to ensure the club financial’s obligations can be meet for a further three months without significant income streams.

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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