West Ham has money for transfers

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.