West Ham have no FFP concerns this January, insists football finance “expert” Kieran Magure speaking to Sean Whetstone from Moore than just a podcast. this week.
West Ham have no FFP worries claims expert
Liverpool university lecturer Maguire who hosts a football finance podcast himself explained that West Ham were no danger of FFP breaches for the Premier League or UEFA,
West Ham have no FFP worries claims “expert”
West Ham have lost £32.9m over the last three years but Premier League clubs are allowed to lose up to £105m over three years when a shareholder injects cash as Daniel Kretinsky did two years ago in the form of a rights issue worth £125m.
The Hammers have also not breached the UEFA loss target over three years as that limit is set at 60m euros which equates to around £52m.
There had been concern that West Ham were close to the limit of wages and transfers to turnover limit but Maguire insisted this was not the case due to the Declan Rice money last summer.
He explained that the UEFA financial monitoring period runs from 1st January 2024 to 31st December 2024 so that the Rice money is included to give West Ham a massive FFP buffer.
The Hammers are allowed to spend 80% of their annual turnover on wages, transfer and agent fees so with nearly £237m of revenue last season West Ham should have an expenditure budget of around £190m this season.
With West Ham wages around £137m and transfer installments around £65m per season there had been concern that the Hammers would be forced to sell to buy over January.
Maguire speaking on this week’s MoorethanJustAPodcast podcast episode said that the Declan Rice money gives the Hammers a nice £100m buffer so West Ham can spend big should they wish to.
You can listen to the full interview in full at Finance special with Kieran Macguire | Moore Than Just A Podcast