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Vlasic: Another disastrous Hammers trade

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Hammer Nikola Vlasic is on the verge of being sold to Torino this week with a medical imminent and an announcement to follow.

Despite reports from Itaty to contrary 6foot2 reports the real financials of the deal is €9m (£7.75m) transfer fee and €3m (£2.6m) of ‘very tough’ add-ons as revealed by a club insider.

Torino initially had a 12-month loan from West Ham with a €13m option to buy but did not exercise that option at the end of last season.

As part of the loan deal the Serie A agreed to pay 85% of his reported £70,000 per week wages.

The club source also revealed that the Hammers agreed to pay CSKA Moscow €26m (£22.4m) back in 2021 and not the €30m euros (£25.7m) plus €9m euros (£7.7m) in add-ons wrongly reported at the time.

Vlasic was a David Moyes signing in August 2021, he signed a five-year contract, and the transfer £22.4m fee was amortised over the life of the contract meaning £8.96m has already been written off on paper.

The transfer has described as ‘Another disastrous trade’ by the same club insider.

West Ham still owe some money to Russian club CSKA Moscow for Vlasic’s transfer to West Ham.

In West Ham accounts the club say: “Creditors arising from player transfers include a total of £7.8m payable to Russian football clubs. The club is currently prevented from making these payments due to the sanctions imposed by the UK Government”  

That sum includes €5m (£4.3m) to Spartak for the loan Alex Kral from Spartak Moscow suggesting £3.5m is still owed to CSKA Moscow for Vlasic. That amount will probably be held in escrow to satisfy FIFA.

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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

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