Hammers suffer from cash shortage
The Hammers have paid back their £23m short term loan to media rights and funding this month and as most transfers are spread over three years second instalments are due for Felipe Anderson, Issa Diop, Fabianski and Yarmolenko which could cost around £27m. Third-year instalments were also most likely due on Marko Arnautovic, Javier Hernandez, and Jordan Hugill costing the Hammers another £15m in cash.
Outbound wise Marko Arnautovic was all upfront at £22.5m but there is no guarantee that Fernandes, Perez and Byram were all upfront and we are likely to have received a third of each of those transfers netting us around £3.2m in cash terms.
The £24m purchase of Pablo Fornals is likley to have cost around £8m for the first instalment while Sebestain Haller at £40.5m was significantly more upfront with the rest paid over the next 18 months.
What is all means is that West Ham’s cash reserves are now pretty much non existence and David Sullivan was required to personally loan West Ham cash to complete the Haller transfer this week before a new short term loan with Media Rights and Funding has been arranged.
Sale of fringe players like Pedro Obiang, Reece Oxford, Jordan Hugill and Marcus Browne will help the cash position but not enough to splash the cash again in any big way this summer.