West Ham losses to continue

West Ham lost £27m for the financial year encompassing 2018/2019 ending in May a plunge of £45.3m on the £18.3m pre-tax profit they announced for 2017/2018 season last December.

The previous year the Hammers announced a record pre-tax profit of £43.4m for the 2016/2017 season but now the figures are going in the opposite direction with losses now mounting again which needs to be tackled.

This current financial year which begun in June West Ham is forecast to lose another £42m if they do nothing about it.

The losses are off the back of the £89m spending spree last summer when Manuel Pellegrini joined as manager and it now appears that the Hammers are living beyond their means.

A club insider told Claret and Hugh “We lost £27m this year and will lose another £42m next year unless we are clever, we can’t keep just adding to wages/losses and we have  more than 25 players at the moment”