West Ham have today revealed revenue for last season to 31 May 2025 dropped to £227.5m with total losses at £104m
Ticket revenue fell to £39m TV revenue was £132m Commercial grew to £42m while retail dropped to £13.6m Overall wages rose to £176m with Brady’s wages up at £1.472m.
The primary reason for the change from a profit of £57.2m in 2023-2024 to the net loss before tax for the year of £104m is lower profit on sales of players of £20.0m compared to the previous financial year of £96.3m.
Other factors are the decrease in turnover because of the lower Premier League position and no UEL revenue. Broadcasting revenue of £132.4m (2024: £167.0m) this year includes the positional fee awarded for finishing 14th in the Premier League and facility fees for having been selected for eighteen ‘live’ Premier League matches. Last year’s broadcasting income included the income from our UEL games and the recognition of facility income for attracting twenty-one ‘live’ matches and the positional fee for 9th position.
Match income at £39.3m is £5.3m lower this year, due to no UEL games this season. Commercial income, at £42.2m, is higher than last year by £0.3m due to improved partnership income, and pre-season tour income, despite lower corporate income from not hosting UEL matches at the stadium.
Retail income at £13.7m is down £2.5m on last year, a reflection of the lack of participation in European competition and a disappointing Premier League season
A further net £7,657,000 (2024: £10,575,000) may become payable contingent on certain future events. A future transfer fee receivable of £12.7m was accelerated without recourse.
The total cash received was £12.0m, after deduction of £0.7m interest charges. The Group renewed its short-term overdraft facility with Barclays Bank on 10 July 2025. The £40.0m facility is in place until 9 July 2026 and is secured by a fixed and floating charge on the assets of the Club.
A new £124.0m term loan facility was provided by Rights and Media Funding Limited on 28 July 2025 for a duration of five years. The total borrowing is secured by a debenture on all the assets of the club and in accordance with an Inter-Creditor agreement with Barclays Bank. At the signing date of West Ham financial statements a total of £89.0m had been drawn down from the facility. The remaining balance of £3.9m of a secured £5.0m loan provided by Barclays Bank on 17 June 2024 was repaid in full on 29 August 2025.
West Ham paid almost £22m in interest last season.
West Ham’s annual amortisation of players has risen significantly from £83m to £99m West Ham Players last year registrations cost £145,437,000 Disposal of players generated £103,304,000 Money owed to other clubs in the next year £110,902,000 Money owed to other clubs in future years £84,944,000
What an utter shambles Sean, did they take financial advice from their Tory mates kwarteng and truss? Relegation will see them devastate the playing squad, we will be in that dreadful stadium with less than 30,000 people inside and it will be a fitting homage to their ownership. I despair at what they’ve done to our club and all the while they’ve taken a lap of honour. I hope they finally come to the realisation they can’t run a modern football club
So 10 years on we’re still over 100 million in debt and
Still struggling against relegation. Upton Park that we owned is flats. We’re renting an horrendous concrete bowl that we can’t borrow against. And all for 5 or 6 European nights and a cup win that didn’t even exist when we moved to our world class stadium with our world class team.
And Brady is on the tele telling apprentices how to run a business!! This pair seriously need a fraud squad investigation . I’d rather have stayed at the old ground
At least i could still get a fanzine and visit the rib man!!
So we were £100m in debt when they took over. Sully made reference to how poorly the club was being run by boring against future income.
Fast forward 15 years and we’re around £90m in debt, leverage up to the hilt with future transfer payments to various clubs, some on players who are no longer at the club, borrowed against future earnings, no longer own our ground, and training facilities that are still sub standard for an EPL club.
If that’s not a massing f ing success story for all you Sully haters I don’t know what is….
Too early and too many typos. Apologies
£22m in interest that’s a whole player a season we are missing out due to poor financial decisions and these loans taken out with shady groups.
What I found most disconcerting was the fact that we will have cash flow issues before the end of this calendar year even if we do NOT buy any players ie we need to sell a player just to manage our cash flow. By default, we need to sell to buy any player/s this summer.
For clarity, the above applies if we do NOT get relegated.
If we want to buy players we need to sell to buy even if we remain in the Premier League.
This position can be multiplied if we get relegated.
How badly is this club run by Sullivan and Brady? They are incompetent. The move to the LS was supposed to improve our ability to invest, reduce the need to borrowing make us a permanent top 10 club. They have failed miserably.
Brady gets a rise 🤣🤣ans sullivan nicked the rest…how can they be allowed to ruin us like this …it really is the end for an historic club …unrecognisable …SAD