Now that the transfer window is closed, we can analyse the effect of outbound sales on the West Ham financial accounts.
Lucas Paqueta signed from Lyon in 2022 for £36m plus up to £16m of add-ons. His fee was amortised on the West Ham accounts at a maximum of £10.4m per season if all add-ons were triggered. It is safe to say that around £42m of the maximum £52m is already written off in West Ham’s books, so a profit of £26m on paper for PSR purposes.
West Ham earned a huge ‘book’ profit from the sale of Lucas Paquetá
Luis Guilherme signed from Palmeiras in 2024 for £19.5m plus up to £6m in add-ons. Again, his fee would have been written off over his five-year contract at a maximum of £5.1m. With £10.2m already written off and a maximum £15.3m remaining, West Ham should just about break even if add-ons are triggered.
Andy Irving signed from SK Austria Klagenfurt in 2023 for a reported £1.5m transfer fee, which was written off during his three-year contract. His £1.3m fee can be registered as pure paper profit on the West Ham accounts.
Guido Rodriguez signed for West Ham on a free transfer in 2024, so the small token transfer fee of £216,500 is real and paper profit.
Niclas Fullkrug was signed from Borussia Dortmund in 2024 for £27m, so written off at £5.4m per year. £10.8m has already been written off in West Ham accounts, and a further £5.4m will be written down this summer. Should AC Milan activate their £11.3m option this summer, there will be £10.8m remaining on the books, meaning that his sale will record a small paper profit of £500,000, incredible as it sounds.
That means West Ham can record a paper profit – for player sales for PSR purposes – of around £28m for this season.
The final PSR accounting period is 30 June 2026, where West Ham must stay within the £105m losses over a three-year period, and that assumes the shareholders inject cash to cover losses. Although the Hammers recorded a £57m profit two years ago, last season’s is around £100m loss -when released this month – leaving West Ham around £43m losses. Therefore, West Ham’s losses must be under £62m this season to avoid potential sanctions.
Let’s be honest the board sold more players than we bought in. No quality CB is this good ownership Sullivan and Brady need to go!
Given the complete change from PSR to SCR from the start of the next season. Isn’t this a bit pointless?
What i am concerned about is that club are still pushing the psr line when scr is what matters from 2026/7