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Hammers take backwards step on finances

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West Ham posted revenue figures down in every area for last season when compared with the previous season at the London Stadium.

West Ham ‘s group turnover was down £8m to £175m for the financial year ending 31st May 2018, the Hammers Group operating profit was also down by a massive £32m from £65m to £33m.

  • Ticket sales were down by £4m from £28m to £24m, a figure which is lower than the last season at the Boleyn Ground.
  • TV revenue was also down by £1m overall dropping from £119m to £118m.
  • Commercial activities including sponsorship and corporate hospitality dropped by almost £2m from £26m to £24m
  • Retail and merchandising also dropped by over £1.5m from £9.5m to £8m.
  • While revenue fell, costs increased with the annual wage bill growing by over £11m from £95m to over £106m.

The financial accounts also reveal that a total £89.5m was spent in the summer with a further £6.8m payable on certain future performance events bringing the total spend could reach over £96m.

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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

5 comments

  • West Ham Fan No 32 says:

    Hi Sean, Ticket Revenue was down this season because we weren’t in Europe wasn’t it ?

    Last season at the Boleyn was also a special year for attendance, I read another article that said average gate receipts at Boleyn were £20m other than that last season.

    Our chairmen deserve a lot of credit for bringing affordable football back unlike most of our London neighbours don’t they ?

    Also I believe of all the clubs in PL that have reported profits we are second only to Man U so far if the article I read was correct ?

  • Mary Millingtons Ghost says:

    Any mention of the amount of interest our beloved leaders took last season, and also the amount the debt to them has been reduced by?
    Do the club usually post these figures at this time of year? Or is it a not-so-subtle way of informing us that there will be very little/no money available in the January transfer window?

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