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Nine in but Irons within the rules

Morgan

West Ham’s summer financial outlay has left the club just within the FFP wage cap.

As previously revealed by Claret and Hugh, the annual wage bill reached £57m before the signings of Alex Song and Morgan Amalfitano.

This was just £1m under the £58m Premier League Financial Fair Play limit for the club this season.

The big question,however, was how with Alex Song – believed to have cost a £3m loan fee in lieu of wages-  and Morgan Amalfitano, understood to  be on £2m per year, we could have stayed within the financial rules.

Factoring in Mo Diame’s departure and a percentage of Modibo Maiga’s wages paid by Metz off the bill left an estimated players annual bill of £60m – seemingly £2m over the limit.

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Sources close to the club explained exclusively to Claret and Hugh that West Ham are able to use the net profit from the sale of  Mo Diame and two thirds of  Alou Diarra’s transfer fee written off in previous years to add an extra £2m to the wages and balance the books.

The source added “We are JUST within our wage cap.”

 

 

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About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter

4 comments on “Nine in but Irons within the rules

  1. So no emergency signings in January then!

  2. Again i think Big Sam has cast his net far and wide,and bought in three or four mediocre players in the hope one or maybe two,(if we are lucky) will come good. I should point out i am talking about strikers in the main.Why didnt Bony fit the bill or Defoe,Ba,Crouch,Adebayore the list of proven Prem strikers that were available was endless.Im sure Sam was turned down by a few but with all the talk and the hype about a “More attacking,exciting style of play”to see Carlton Cole (as much as i admire his loyalty) up top was abit of a downer.Against Spurs the amount of chances that were created and not finished can only say one thing we need a top line stiker,lets hope Valencia,Zarate,and Sakho and Carroll when fit,can fit the bill.

  3. IMO I believe we have bought very well in the last window and I’m glad that all the signings haven’t meant we have fallen foul of the dreaded fair play rules.
    However I was hoping that we would be able to bring in another quality striker in January ! Somebody that little bit eye catching to give us a real boost!
    At the moment that seems now not the case without letting anyone go. May I suggest cole and Vaz te be released with immediate effect thus freeing up the wages required?
    We may then not be able to go on and purchase the kind of striker I have described but at least there would be another two donkey’s off the books! COYI!

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