It really does seem to be open season on the West Ham board at the moment. The latest revelation coming out of France today is that West Ham initially agreed to let Diafra Sakho go only to change their minds later.
French newspaper L’Equipe reports that Rennes believed a transfer was on the way, which they say would explain the French club putting Sakho through a medical last week.
The latest claim if it is to be believed is probably more an indication of the shady world of agents. In both the Sporting Lisbon and Rennes disputes football agents have played a major role as the go betweens and this is likely where the problems lay.
Has a ring of truth to it to me. Because otherwise we would be bleating “illegal approach”.
So does this mean I can’t boo Sakho? I guess so. Cannot really blame him if he was told deal agreed.
If you believe everything you read, you really need to think again. However, the more stories you read concerning the board, make you begin to wonder who is actually telling the truth about these transfer negotiations. Carvalho, Sahko, the last minute moving of the goal posts by Barca, whether there was time for a medical before the window closed……who knows ? but, one begins to doubt the honesty behind the statements.
Agents, Agents, Agents, the murky world of agents
Hi Sean.I know how you seem to understand how finances in football works.Is there any chance you could do a piece explaining the loans against West ham’s training ground etc.
I have read a tiny bit on it and it really does seem pretty common practice amongst sports clubs when wanting a quick injection of cash.
I’m tired of reading where’s the TV money gone.
Possible to explain it a little???
I read this Noble as it happens when having a quick butchers at it.Its an older article,2014 but I expect not much has changed apart from maybe not being able to do it against TV revenue.
Yeah it seems to be used a lot and against land or facilities 😃
https://www.lawinsport.com/articles/regulation-a-governance/item/an-explanation-of-how-football-clubs-use-forward-funding
Interesting that rads !! So if it goes tits up as we are still in a 100 mill of debt and if sugo don’t wish to clear it , Mr tabor can be the man to either take us over or negotiate a buyer to claim his dosh back with even more interest ? And they walk away with bulging pockets ?Money is killing this sport , bubbles everywhere 😉
I don’t understand it all Laz.I couldn’t even start to work out what dough you need & where & when when it comes to running a footie club mate.I just read a little about these funds & they seemed to be used by a lot of sports teams/clubs.
Nothing that will stop me snoring at night for sure 💤💤😁
Yep ! Especially after a few ambers 😂🍻
From this season, offshore funding is not allowed but forward funding is still allowed.
If i recall, you can loan a maximum of 60% of the minimum TV rights so that’s roughly £60m today.
In West Ham’s case, they have set up a facility to draw up to £30m against the land owned by the club. We do not know if they have drawn a single penny. The odds are we may have drawn on this if we bought Carvalho, depending on the sum demand as the advance.
Around 60-65% of our income comes from TV rights but these funds are received through out the year rather than one large payment. We have a monthly wage bill of £8m and in addition, in the summer we have to pay towards previous transfers as well as payment towards anyone new bought.
We will never know the full details but we know from the annual report what the net balance is owed on transfers at the end of the financial year (31st May). I would have thought we if we only bought Carvalho then we wouldn’t need to draw on the funds.
As for the £100m debt. It is worth noting all clubs have debts. You have your normal trading debt made up of players you have bought. The sums we owe are not excessive and the assets, the players, are worth several times the outstanding fees. There is of course the shareholder loans as well. However, when we talk of £100m debt 7 years ago, they was few assets and there was further liabilities that was going to impact the club for around 4 years. Our income has more than doubled since, the debt is not a big issue now.
Looking at the accounts, it does appear there is a decent sum which could be spent. We have not seen the accounts for the year end May 17. So much went on in the first year, it’s hard to determine what the likely debt is. It will make interesting reading when the accounts come out. We might have to wait till Feb 18 going by previous history.
Would end by saying, we know in July, what season tickets we have, what the minimum payment from TV rights will be and the main sponsorship etc. Come December when planning for the January window, we will know how we’re doing in the league and perhaps budget for top 10 finish. The bonus related to our final position is 25% of the domestic rights. We may budget in August for say 12th and if 8th then we will earn perhaps another £5m. We would also know how far we are in the LEague Cup. Doing better than expected can bring a windfall not budgeted. At the same time, if we do worse than planned, we have to be careful not to spend to much and breach the spending limits. I can make a reasonable call on most of these points but one major think i don’t know is how much money and how often for TV rights. Do we get say 30% in August as more expense then, and then say 20% in January and perhaps 5% for 7 months and then the final adjustment in May. These figures could be totally wrong. Remember our biggest expense is wages which will be around £90m this season.
If Sakho passed the medical – and he’s finally free of that long standing injury – it’s worth us waiting to see what he can now produce until at least January.
The whole thing is like a episode / series even of the comedy soap lol
Confused !!! You will be !!! Its a comedy !!!!!
Roll on Monday so I can go and watch a game of football , have a beer and slag noble
And moan about the price of the popcorn lol 😂😂
I can fully understand the club wanting Sakho to stay, at least in the short term.
If Hernadez gets injured we would have no strikers at all (whilst Carroll continues to limp about) apart from Sakho and at least he seems to be reasonably fit – at the moment.