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Wage cap bites as Irons look to bring in FIVE or SIX

West Ham have sufficient cash under their current wage cap to bring in three or  four new players this summer.

And the owners hopes of bringing in FIVE or SIX will depend heavily on offloading some of the current squad.

As reported on ClaretandHugh last night, the club are currently talking to four left backs and also want to create competition in all other areas of the pitch.

But a top Boleyn source revealed to us exclusively: “Transfer fees are not the problem. It’s on wages  that things get tough.

“The owners have always dug up the money for fees where required – their record shows that but there is a wage cap in place which can’t be exceeded.

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“That means that unless players are moved out there is sufficient wage cash available for three or four new arrivals.

“But the aim has always been to bring in five or six and that remains the case. Hopefully there will be some interest in the likes of Mo Diame, Ricardo Vaz Te and others as the summer proceeds.”

 

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About Hugh5outhon1895

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

12 comments on “Wage cap bites as Irons look to bring in FIVE or SIX

  1. I commented on this article yesterday but it has not appeared. Do you censure comments to suit on this site

    • Sometimes but why would that be your automatic reaction? Depends whether they use bad language or unduly abusive. Send again and I’ll look

    • I think I remember and considered it off topic because there was nothing in the article about FFP – only a wage cap which is in place at the club as they attempt to straighten out the debt

  2. Who imposed the wage cap.

  3. The wage cap is imperative I’m afraid from clubs going crazy for a season or two on over priced signings wages. Sorry Portsmouth to rub salt in the wounds.

    Without it our beloved club could be destroyed financially.

    We need to clear out a rather over inflated ego, and some rather tired legs to pastures new, and definetly give one (shall remain un-named) total flop and waste of money away to whoever will relinquish him, from our team sheet.

    Give old Harry a call, I’m sure he will gladly spend his clubs money,

  4. Think it was this article I commented on to, disputing the sources claim regarding “digging up the cash for transfers” which imo they haven’t, they’ve always done things on the cheap.

  5. I do understand about corporate finance thanks Hugh. But is this cap common knowledge. Dave Gold didn’t seem to be aware of it when he was saying FFP would restrict us from taking on new players this past season. If a lower internal cap was in place why didn’t he mention it? Does your source know how much it is so that we can try and work out how much we have to spend and why Sullivan said £20 mm and six players.

    • If I knew I’d report it as you would expect. If corporate finance is understood the rest follows – why would football clubs be any different . Bad management and wages policy – some above turnover as yu will know has led them into massive debt. Is that what we want? Why should the rules of sensible corporate responsibility be suspended for football clubs As for Gold, that was then and this is now

  6. And I thought the sale of Upton Park was sorting out the debt.

  7. What’s the point of owners then hugh if clubs have to be self funding, is it so they can use them like any other company and make a profit, football clubs aren’t corporations and shouldn’t be treated as such imo.

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