West Ham – having planned for a £13 million loss this season- claim they could plunge as much as £20 million into the red.
The club has absolutely no money left to spend on January signings and admit they have their absolute maximum on wages.
ClaretandHugh has revealed in earlier stories that loan signings are costing the club over £17 million and coupled with the summer spend, sources explained to us today that there is now zero money for new signings.
And one admitted: “We are up to our absolute maximum on wages and Football Fair play profit/loss.”
He then revealed: “We expect to lose £13m this season, but in fact it could be anything from £7m to £20m,
“It will depend of course on our league position, the TV games we attract and a decent FA Cup run would help but there’s no way we could break even this season in any scenario.”