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“They Can’t Run West Ham Anymore” Palace Spend While Hammers Close the Vault

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Palace Spend, West Ham Bank – A Chasm Opens in the Relegation Fight

Crystal Palace showed West Ham how serious they were about avoiding relegation with a net spend of £63m whilst the Hammers were one of only three clubs to actually make money.

At this point, hardly any West Ham fans will be surprised to discover that at a moment when the club needed to spend their way to safety, they instead chose to stick rather than twist. It now seems David Sullivan isn’t even pretending anymore, with West Ham neither spending to remain in the Premier League nor properly preparing for life in the Championship.

The official figures for the winter window make for grim reading. Palace top the table with a £63m net spend. Manchester City weren’t far behind at £56.5m. Even clubs like Fulham, Sunderland and Brentford backed themselves. Meanwhile, West Ham sat near the bottom, recording a net profit of £6.8m.

A Board Pulling the Handbrake

That number tells its own story. In a relegation scrap, West Ham chose to bank cash rather than invest it. Bournemouth and Wolves both went further, posting significant profits while still attempting to reshape their squads. But unlike West Ham, Wolves have at least shown signs of planning and direction for next season.

The Hammers, by contrast, appear paralysed.

Having sold Lucas Paquetá and Luis Guilherme for the best part of £50m, a clear decision seems to have been made by the board not to reinvest that money back into the squad. That choice speaks volumes. This is no longer about prudence or sustainability. It is the strongest indication yet that the current ownership are either unable or unwilling to fund the club properly.

When rivals are gambling to stay up and West Ham are counting pennies, the gap in ambition becomes impossible to ignore. Survival is being treated as optional.

This window may ultimately be remembered as the moment the mask slipped. Not because West Ham failed to sign enough players — but because they didn’t even try.

Club Net spend (Winter 2026)
C. Palace £63m
Man City £56.5m
Fulham £25m
Sunderland £23.9m
Spurs £12m
Brentford £8.7m
Aston Villa £6.6m
N. Forest £1.6m
Brighton £200k
West Ham −£6.8m
Bournemouth −£20.7m
Wolves −£39m

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Kris Gonzo (commonly known to the West Ham community as Gonzo) is the co-founder of Hammers Chat (established 2014) and the lead video content creator and columnist for Claret and Hugh.

With over a decade of professional sports media experience, he is a frequent West Ham United analyst and contributor for Sky Sports News, BBC Football Focus, and BBC Radio 5 Live. He previously served as an official video and content creator for West Ham United FC during the club's tenure at Upton Park and featured in the official documentary commemorating the historic final game at the Boleyn Ground.

A lifelong Hammer since the legendary 10-0 victory over Bury, when he isn't providing daily match analysis on the Hammers Chat YouTube Channel or broadcasting on X (@GONZObignose), he can be found walking his dog and restoring classic pinball machines.

11 comments

  • Ashie says:

    Simpley ASSET STRIPPING’ ! Resigned to the drop and being finally forced out, they are gathering every penny they can! Even the ladies team is being shredded, because they’re getting relegated as well! 🤬🤬⚒️⚒️

  • Taffyhammer says:

    An underwhelming table which invites any scrutiny but delivers nothing of note. Wolves, Bournemouth and West Ham look to be the big winners here. Maybe the table is the wrong way up.

  • Arne Slot says:

    So we let 10 go players who were not contributing to our survival battle and brought in four that will help. Our forward options have definitely improved, our defensive options are slightly better. We should have brought in another CB but I doubt there were many decent players willing to come in, given our league position.

  • Selsdonhammer says:

    The standing joke of every West Ham transfer window has always been the pathetic “We tried” after another dismal failure to secure decent signings, except this time they didn’t even bother to do that. Our club is so shambolic it’s laughable.

  • Kenny Irons says:

    Well said, Sue – Sullivan and his fellow cretins have no respect for the fan base.
    The fans own the club, not the Idiot owners who are just custodians but still have managed to rip the Heart and Soul from our club.
    Irrespective of whether we stay up or go down, I hope the fans stay away next season if these parasites are still “running” the club. Don’t give them one Penny of your hard earned cash.
    I think a lot of fans have called time until removal of Sullivan and his cronies!

  • keith astley says:

    If the owners didn’t reinvest the money from the 2 sales you mention how did they pay for Tatty and Pablo?

  • Rob says:

    Gonzo, they aren’t worried about the club, just lining their pockets. It won’t change until Sulivan has gone. I’m actually surprised we got the loan signing from Chelsea, but then I think the Tolebo ban brought that about

  • D says:

    Sulivan is the worst closely followed by Brady and Kritinski. All they care about is their bank balance, no interest in the club or fans. If we do get relegated not sure they can keep milking us dry as there will be nothing left. The sooner they all go the better. I have always hated Sullivan he is a horrendous classless individual. If we stay up or drop I don’t think I will renew my season ticket and I won’t be alone. I’m fed up with these fools that run us.

  • Harvey Fox says:

    Palace spent £48m on a player who has scored 1 goal this season. Sorry, no.

  • ForReal says:

    I mean, just look at that photo of the cheapskate charlatan sat next to his fiancée.

    What more needs to be said? This club’s a laughingstock, and there’s a real danger that we could plunge to lows that we’ve never reached before.

  • sue says:

    Owners just do not know how to run a club
    This is a game to them
    Putting out that we were showing interest in Duran, that is the biggest laugh I have ever had
    They just try and fill the fans with hope but we all know their game now, they are complete dreamers and need to sell to some one who want to move this club on to big times.
    They did have a massive support but have slowly loosed the huge following.
    I will always be a fan and just hope that better times will come again to my great club
    All the transfer window was laughable yet again trying to get the most needed players in in the last 7 hours,complete joke by the Jokers which run our club

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