Hammers spending to be limited
By Sean Whetstone
New spending rules to replace Uefa’s current Financial Fair Play (FFP) regulations will limit club spending on wages, transfers and agents’ fees to 70% of their revenue from 2025.
The new regulations will be phased in from 2023, when clubs will be allowed to spend 90% of their income, reducing to 80% in 2024 and 70% a year later.
Uefa announced last week that they have approved an overhaul of spending regulations for clubs like West Ham in all European competitions.
The Hammers turned over almost £193 million last season but spent £215 million in the other direction.
The previous season turnover amounted to £140 million in revenue with £201 million spent leaving huge losses.
Wages, transfer and agent fees accounted for the vast majority of that spending.
2019 Wages £136m Net Transfer spend £45m Agent Fees £13m Total £194m
2020 Wages £131m Net Transfer spend £35m Agent Fees £10m Total £176m
2021 Wages £130m Net Transfer Spend £50m Agent Fees £10.5m Total £190.5m
Assuming a turnover of £200m this season with European success the Hammers will be limited to spending £180m in wages, transfers and agents’ fees next season.
If turnover remains constant the next year that will drop to £160m and £140m in the season that starts in 2025.