Sullivan expects huge losses in Boleyn final season

West Ham Chairman David Sullivan has told the Guardian that the club has spent over £40m in transfers this summer, that we are now at the absolute maximum financial fair play wages limit and that the club could make a loss of up to £17m in this financial year.

“I cannot remember a more exciting or successful window during our time at the club, We brought in 12 new players at a cost of over £40m but that was only possible because [the other co-owner] David Gold and I made sure we dug deep to get the players we wanted. We thought it was important this season, with the move to the new stadium, that we bought players in every position to create the best squad and team that has been at the club since we arrived.” said Sullivan

“As a result, we are now at the maximum wages we are allowed to pay under Premier League rules and, therefore, if we wanted to buy again in January we would no doubt have to sell someone before we would be allowed to make signings. It also means we expect the club to make a loss of between £10m and £17m this year, depending on where we finish in the Premier League and the number of games we have televised. This is indicative of just how seriously we took this window and the signings we wanted to make.” added Sullivan