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New warning as game’s cash dries up

Haller – still millions left to pay on his transfer fee

Massive wage bills and unpaid transfer fees…a total lack of any kind of revenue and uncertainty over when the game will be played before crowds again is leaving the game on the brink!

Transfer fees for example are usually paid in tranches of three although in the case of the Hammers Sebasian Haller’s needs to be paid within 18 months from the date of the transfer.

The same situation exists across all leagues with clubs due to pay heavy balances on those they have brought in over the last couple of years or so.

And all of this has led to a former director of football claiming he has been told by a leading agent that only  three Premier League clubs will be able to spend money on transfers this summer

Former Tottenham director of football Damien Comolli has been talking to Sky Sports abouyt that conversation saying there will be very little cash available for transfers:

He said: “”An agent was telling me the other day, that there are actually only three clubs in the Premier League will be able to spend money next summer in the transfer window.

“We might see very little transfer activity, we might see swaps, we might see loans and I think we are going to see a massive decrease in transfer fees and transfer activity, at least transfers involving money.

“The longer this crisis goes on, more clubs are going to be in a financially difficult situation. The first thing that will be impacted will be player remuneration, the second thing will be transfer fees.”

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About Hugh5outhon1895

Hugh Southon is a lifelong Iron and the founding editor of ClaretandHugh. He is a national newspaper journalist of many years experience and was Bobby Moore's 'ghost' writer during the great man's lifetime. He describes ClaretandHugh as "the Hammers daily newspaper!" Follow on Twitter @hughsouthon

6 comments on “New warning as game’s cash dries up

  1. At last, reality starting to kick in. I’m amazed that there are so many media stories concerning transfers. Man U signing Kane and Sancho for £200 M each. And us being linked with what looks like every player in Europe. Don’t they understand, the money has run out. There;s nothing left, and know sign of any revenue’s for at least 3 months. Probably more like 6 months, and possibly, even longer.. There;s more chance of some major clubs going to the wall, than signing, anybody.
    Who on earth is going to make a signing, when they cant even pay the players they already have. There is a serious possibility of major clubs going bust, including us. That;s the reality.

  2. The football transfer fees and wages have grown to unrealistic proportions over the years. Some legends of old, are worth more their salt than the millions paid for players on whom big chances are taken on. These players (and WH have quite a few) come to the EPL and cannot produce. We console ourselves by saying that they must get used to the style and pace of ht e British game.
    That’s really nonsense man. You are either a great footballer on similar standard as a Messi/Ronaldo/Neymar etc or not? Therefore your value cannot be in similar region or close to.
    Players like Sanchez, Baille, Haller, Anderson should never be so expensive.$ figure does not compliment ability. Hope Mr Moyes understand this and will get the players who correctly match their money worth.
    Maybe, on the bright side … we will see the playing fields being leveled .. with regards to this matter. God bless.

  3. At last, reality starting to kick in. I’m amazed that there are so many media stories concerning transfers. Man U signing Kane and Sancho for £200 M each. And us being linked with what looks like every player in Europe.
    Don’t they understand, the money has run out.
    There;s nothing left, and know sign of any revenue’s for at least 3 months.
    Probably more like 6 months, and possibly, even longer.. There’s more chance of some major clubs going to the wall, than signing, anybody.
    Who on earth is going to make a signing, when they cant even pay the players they already have.
    There is a serious possibility of major clubs going bust, including us. That;s the reality.

  4. This is indeed a reality check. Agents have been milking the Golden Cow for too long. Transfer fees; top flight footballers salaries and agent fees have blown out of all proportion. It won’t happen, but there needs to be something better than FFP as most of the “super clubs” are abusing it anyway. I have always wondered what would happen if the financial bubble burst. Maybe we are about to find out. I just hope that no club goes bankrupt and out of business.

  5. Time for the academy to step up to plate. We will have no option but to give the youngsters a chance.
    When Bobby Moore was given a chance he made a few mistakes on the field, but that’s how players have to learn. Would he have been given a second chance in today’s PL?
    It might be time for both manager and fans to realise you just can’t buy a ready made football team. It’s about work in progress. Time for a manager to step up to the plate and manage the players he’s got and the fans to be patient when things don’t go right straight away.
    To be fair we have a manager in Moyes who will do this and in the financial climate where clubs have to work with what they’ve got then he is better than Pelle.
    We live in a society where we buy now and pay later. Fans seem to want success straight away because that seems to be the mentality now. I lived through watching and living through West Ham winning two FA Cups, but most of that was built upon hard work done in prior years.
    Looks like the reality the penny is about to drop for the clubs, directors, managers and fans.

  6. With Cullen,Coventry,dingana and Holland coming back and the likes of johnson and Ngkia coming through I think we will be ok for next season provided we stay up could do with another striker unless Silva can step up

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