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.
Eh?
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?
I think we all knew that Mary!
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 ?
That is a fair point about Europe in our first year at the London Stadium, our gross profit figures are good yes