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Rice £200k a week: Here’s how the Irons can afford it

Sean Whetstone explains the Hammers new wealth

West Ham are able to offer captain Declan Rice a club record £83 million contract over eight years due to Daniel Kretinsky’s investment and their bumper season.

Rice has been offered an eye-watering £200,000 per week which equates to an £83m investment in the Hammers star player if he remains.

Last year Czech billionaire Kretinsky  completed a £150m purchase of 27% of the club in a rights issue. This came on the back of a £30m rights issue from the existing shareholders.

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That  cash has allowed the club to clear shareholder debts owed to Sullivan, Gold and Tripp Smith and also external debt. The money was also used as a vital cash injection to the club after the pandemic to plug financial losses.

Earlier this week we revealed that the Hammers are poised to post revenue of £228m this season by our calculations which will be a club record of £35m.

This together with further loans from Daniel Kretinsky should allow David Moyes to invest up to £150m this summer in the summer window.

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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

3 comments on “Rice £200k a week: Here’s how the Irons can afford it

  1. Is it wise? I remember we gave Winston Reid a 7 year contract once. Remind me, how long after that was it he got a career threatening injury?

    • I think there is a chance that they would insure against that kind of career ending injury. Insurance policies are available that kick in after 6 months to minimise the premium but also minimise our losses.

  2. The 8 years deal, is not a realistic deal Rice would want to sign. We would have more chance of him signing a two year extension.

    He has made it clear his ambitions are not money, he wants to win things. Signing a 8 year deal is extremely unlikely. He doesn’t want to be trapped in a Harry Kane situation.

    No player with that much world class talent would commit to a 8 year deal.

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