West Ham are set to write off almost £21m on two failed transfers this summer.
Nikola Vlasic was bought by David Moyes from CSKA Moscow in August 2021 for €25m (£21.6m)
Things didn’t work out and West Ham included a €13m (£11.2m) option in a loan deal to Torino last season, but they failed to activate it.
Torino has since offered €10m, and West Ham counter offered €12m but could be forced to settle at €11m (£9.5m)
If accepted that would mean the Hammers has written off £12m in just two years on Vlasic when he is sold.
Gianluca Scamacca was bought from Sassuolo for €40m (£35.5m) last summer with €35m transfer fee and €5m (£4.3m) in add-ons.
It is unlikely the add-ons have been activated, so the Hammers investment is around £30.5m for the Italian striker.
If the Hammers is sold for €25m (£21.6m) plus €5m £4.3m) in tough add-ons, that is another £8.9m written off, excluding add-ons on either deal.
A Hammers source told Claret and Hugh: The Scamacca deal will be an expensive loss but Vlasic will be even worse.”
I am going to try and moderate my language and opinion on this article. What I will say is that I am so glad Mr Moyes is not responsible for my household budget for I fear I would be homeless. I would also be concerned that if Mr Moyes were at the club at the end of this season we will see other players leave resulting in further significant losses. Surely the board aren’t happy with this situation. Surely the board are asking questions as to why this has happened. Neither of these two players are bad player. Also, how is this going to impact WHU and FFP or is the Rice money going to be used to off set any potential FFP breaches. Surely I’m now putting my toe in the the murky world of conspiracy theories.
Hugh
I don’t think the number are as high, you need to factor in the amortisation and also the loan fee we received for Vlasic ….these have already been taken into our accounts
I thought we withheld paying the balance for Vlasic due to the Ukraine war ?