Social media rumours that Weet Ham has no money for David Moyes in the transfer market is false.
West Ham are one of a number of clubs that are yet to significantly move in the transfer market this summer including Chelsea, Manchester City, Newcastle and Spurs with Everton investing just £1.6m according to Sky Sports done deals website.
The Hammers have made four small signings in the form of Craig Dawson from Watford plus three youngsters for the Academy from Chelsea, Reading and Celtic youth ranks on the gamble they could come good.
However, a striker, a centre back, an attacking midfielder and a goalkeeper are still being sought by the manager before the window closes on 31st August.
Like all football clubs, West Ham has had its challenges with cash flow over the pandemic requiring a rights issue of £30m from the shareholders, short term loans from Barclays bank and selling off the Haller payments due from Ajax.
The Hammers have access to a £120m credit facility from MSD Holdings owned by Michael Dell’s family which stretches over five years and while some of it has been used to pay off media the Rights and Funding credit facility and Barclays bank loans, the majority remains available to the club.
Transfer deals require around 20% to 25% upfront depending on whether the player signs on a four or five-year contract.
Money is available to the manager to invest and improve the squad with quality players he decides will make the difference.
Then he better get at it because although pre-season has been going well we have under 3 weeks to the start of the most important season for us for a long time and we are currently 5 first team players short.
If indeed we do have money available for transfer activity, we’re doing a good job convincing most of our supporters that we haven’t.
If I am left stunned by the quality of incoming transfers within the next few weeks, I’ll shut my mouth regarding transfers in the future!
So it was £75m with sales possibility raising the kitty to £115, then we sold Anderson for £3m. But now the story is we have £120m, but we won’t offer £25-30m for Lingard or the £40m for Abraham. Josh Doig available for £5m from Hibs, but we only want to pay £2.5m, so just what is the real figure available.
Who’s going to state how much money we have for transfers? It’s nonsense to suggest that should be put out onto the public realm. All of a sudden every players price will rise by £5m.
Be patient
I think we are not going to know who is signed until it’s done and dusted as the Manager has stated that he is stopping all leaks and rumours , so at the moment we just have to hope that under the cloak of secrecy good new signings are underway
Pereira pls ASP keeper and mid Dif left back centre back then sell or get off the books yarmo lanzini Fredericks not complicated that except we have a dithering coach like he did with all clubs his been at . Sorry but this is not the way to go with three weeks to start of premier and Europe and nothing done in that time wake up Moyes get the cash in for these to happen before we lose out on all quality and finish up signing Preston North end strikers , for ten mill! Oh forgot we did that already .
You’d think Dawson, Soucek and Coufals had always been Hammers and that Moyes inherited them. Moyes didn’t even have a contract till recently.
Careful, thoughtful transfers and promotion of academy players is what is needed. We will not win EPL this year, nor Europa.
Looking for entertaining, competitive football as we build upon the strong base that has been developed.