West Ham’s turnover is likely to tumble this season as the financial effects of not being a European competition are felt.
The Hammers recorded a record £268m of revenue last season with an extra £96m registered for the sale of Declan Rice.
Matchday, commercial and retail revenue will all fall this season with the absence of Europe and a turnover of around £240m the most likely scenario with the biggest factor being where we finish in the Premier League table this season.
With operating costs most likely to be similar to the £224m spent last season before player trading this will have a direct knock-on effect on losses, cash flow and PSR calculations.
£161m of that £224m is in wages and that will rise as many players have automatic rises built into their contracts.
Losses for this season are expected to be around £60m and could be as high as £80m and with the sale of all future monies owed to West Ham by other clubs this will need directly to cash flow challenges.
Puppet
Here we go ..I’ve never understood how a team like west ham who get 60 plus k a week at the stadium gets like this with money…like my old man said …the club is run absolutely awful …..look at villa forest Fulham…no where near attendance or quality of our best players..but they are miles in front of us …because they have competent owners and board who know how to run a club ……its embarrassing…I never thought getting sullivan out would make much difference..but I’d take anyone now ..because he has had years and has just taken money and fed us lies after lies ……total **** show from training ground facilities right down to our so called academy of football…tin pot .. ….SO MANY mistakes and the worst thing is they keep making the same ones every single year …..no passion from most of the players ..they just pick up there wages and don’t give a **** …….ings top earner on 130 k a week….say no more …..always play the no money card when things turn bad
Other than the official Umbro collections… The club store us full of cheap looking merchandise at totally inflated prices, most of it ends up in a cheap sell off. Some of the e clothing is dreadful in quality.
As ever the the spare us a quid for a cuppa tea guvnor rubbish being spouted out by Sullivans mouthpieces…… and why are we not in Europe ahh yes because Sullivan dithered in getting rid of two managers and is now paying the price…i hope he has a soup kitchen nearby the poor soul and maybe he can get some fans to darn the players socks to help keep the costs down.
Pleading poverty right before arguably our biggest rebuild.
Again EXACTLY…..pathetic isn’t it
You trying to give Sullivan excuses not to spend on transfers in the summer .
EXACTLY
For a bright guy Sean (with all your holidays and fancy meals you do seem to be doing well) it never occurred to you that being in Europe and selling our best player for a decade or more might inflate the club’s income for a year or so? We aren’t ever likely to become one of the ‘Greedy Six) or even Seven so this is going to be our fate. This year’s income is representative of what our future income with significant changes driven by player sales rather than expecting to be in Europe.
The cost of the bad decisions eventually shows up in the accounts as well as on the pitch.