Hammers set to post losses

By Sean Whetstone

West Ham are likely to post some losses for the financial year that ended 31st May 2023 due to player trading activities last summer.

The Hammers are expected to post turnover around £226m down from £253m the previous season. The decrease in turnover is due to deferred TV income from COVID two years ago plus the Europa League cup run being more lucrative from the Europa Conference League.

The wage bill is likely to be around £140m with amortisation of player transfers costing as much £80m when accounts are published as early as December.

In the last financial 2021/2022 West Ham reported wages of £136m and amortisation of players at £49m, the Hammers said they owed £81.5m to other clubs for player transfers.

West Ham’s net spend of £165m last summer would have pushed up those figures massively also adding to the amortisation of players figure.

The Hammers could well record a loss between £10m and £20m for the past season.

Clubs taking part in European competitions are allowed to lose up to £50m over a rolling three years.

This is the main reason that this summer’s transfer budget will mostly limited to the proceeds of outbound sales.

 

About Hugh5outhon1895

Hugh Southon is a lifelong Iron and the founding editor of ClaretandHugh. He is a national newspaper journalist of many years experience and was Bobby Moore's 'ghost' writer during the great man's lifetime. He describes ClaretandHugh as "the Hammers daily newspaper!" Follow on Twitter @hughsouthon