The recent departure of two of the club’s largest earners have slashed the West Ham wage bill but club losses still continue to mount.
West Ham hit an annual wage bill high of £136m in the 2018/2019 season revealing losses of £28m for that season.
The Hammers managed to trim their wage after the departures of Marko Arnautovic and Javier Hernandez departures which last season was estimated to around be £115m.
But losses increased and are estimated to be in excess of £40m as result of previous overspend with thr start of the pandemic also being blamed.
With the departures of Pablo Zabaleta, Carlos Sanchez, Roberto, Sead Haksabanovic, Jeremy Ngakia, Albian Ajeti, Jordon Hugill, Grady Diangana, Josh Cullen, Jack Wilshere and now Felipe Anderson on loan with Darren Randolph, Tomas Soucek and Vladimir Coufal as new additions, the wage bill for this season is estimated to have been further trimmed to around £100m per year.
Despite drastically trimming the wage bill by an additional £15m this season Weet Ham are still likely to make a significant loss as the impact of loss of ticket revenue and corporate hospitality bites them hard as a result of the pandemic.
As it will hit everyone.
Your point?. This is a west ham site. No need to explain I think we know what you are on about AGAIN!
Are we still the 18th highest earning team in the World? Making us the 7th in the Premier League? These losses are hitting everyone in the league the sane but we’re the only team who’s transfer budget has been affected. Why? Can you investigate Everton, Leicester and Wolves spending vs earnings, as these are the teams we should be competing with. Yet each of these earns less than us (according to Deloitte), but spend more year on year. How is that?
what does that even mean? this is a west ham forum – clearly the cut in wages hasnt helped its the dire mismanagement of player recruitment that we are paying for. The clubs mentioned here ahave all sold players at profits. Name the last player we sold for a huge profit? Payet for around £12m is the only one and even that was way below market value at the time. we are a DISASTER – if you run a business you buy low and sell high. we do the opposite. So your ninsense “as it will hit everyone” is just tumbleweed and white meaningless noise. It HASNT hit everyone that is exactly the point you seem to be missing with your insightful 5 word comment. Cant wait for you to enlighten us all on other west ham related subjects. Or will you just blame “covid” like UK customer service PLC currently does. If in doubt blame covid.
Interesting article Sean, does the estimated £100m a year wage bill just relate to essential what is left of the remaining 1st team playing squad? 20 players at last count. Or does this figure include all playing and non playing staff? Thanks
The players make up 95% of the annual wage bill but it is everything excluding any new players we have yet to sign in the domestic window
It Could be a lot worse if we had just built a new ground on top the lost of foot revenue that would kill us.
Sounds like a business in need of capital investment or maybe new owners.
Let us not forget about the savings accrued from Andy Carroll and Lucas Perez which is approximately £5million,
with Ngakakia compensation to be received too.
Our operating costs have been slashed since the relocation so how is it possible that clubs that have played nowhere near the number of Premier league seasons as us, which is all but four, can outspent us on just returning to the top flight ( Leeds, Villa).
We’ve rarely pushed the boat out, once in a decade by my reckoning. Leveraging everything asset wise to finance expenditures, now the gravy train has temporarily hit the buffers our business plans are in tatters. Yet 8 miles north they’ve built a new ground, borrowed 200 million at practically zero interest from B of E, whilst still finding funds for player recruitment!
All figures up to May 2019 are public records anyway and can be viewed here https://www.whufc.com/club/corporate-information/financial-reports
Last season would be published until Jan next year but could as late as March. It is estimated to show a massive drop in income from £192m to £160m a drop in wages from £136m to £115m and drops in ticket revenue, commercials activities and retail due to start of COVID
This season figures will include up to May 2021 and won’t be published until January -March 2022 so some time to wait, The wage bill looks like it will drop to £100m but revenue is likely to drop under £150m but too early to be accurate, We don’t know how long supporters will be forbidden from attending, we don’t know what we make spend in the next two weeks and the winter transfer window and what new wages and/o new deals/contracts might be added by May next year. Our final league position, FA Cup run and number of Games shown on UK games shown on TV are all factors on this season income too,
Sean, with Anderson out on loan, who is estimated to be our next top earners? If Lanzini and Yarmolenko are up there it could be further trimmed next summer.
Both Lanzini and Yarmolenko claimed to be on £100,000 per week too, Haller claimed to be on £115,000 per week
On them numbers, that means 3 bench warmers are earning 16% of the whole clubs annual wage bill. I’ll take Moyes in the transfer market over the Pellegrini disaster any day.
I keep seeing that we have lost 9 or 10 players off the wage bill. This article states 11. The TRUTH is we have lost 13 players! Nobody is counting Winston Reid’s loan to Sporting Kansas or Silva’s loan to Aris. This is also a club record – we have never in our 125 year history got rid of so many first team squad players in one season. With Randolph, Coufal, Soucek arriving this gives us a -10 deficit. Again another record – tho i expect this to go down to 8 as 2 more players will arrive (King & Dawson). This is clearly evidence of the “world class squad for a world class stadium” that Karren Brady is building Obviusly you have to get rid of the rubbish to ” build back better”. Just that none of us realised it would take 5 years from the move for them to star building