Later this month West Ham United will publish its financial accounts to companies house for the financial year ending 31st May 2017.
The company accounts which will be published on 28th February will show a record-breaking turnover year and also record-breaking profits from the first full season in the London Stadium.
Also included in the accounts is expected to show the sale of the Boleyn Ground for £38m which has already been confirmed in Land Registry records. The land was later sold by developers Gaillard to Barratt London for £40m who stand to make up to £100m profit from the sale of properties in Upton Gardens.
The announcement of a record profit in the tens of millions after a January transfer window with net transfer profit rather than spend will come a bad time for the board who facing an eight-year high discontentment of their ownership and management of the club.
We will be bringing you the full analysis and discussion of what these accounts mean when they are published at the end of this month.
Wasn’t something released sevaral months ago that showed a profit of 80 mil
Maybe getting ready to sell up .!!. WE NEED PLAYERS , NOT HOTDOGS . Losing the running track would also help , massively .
can’t see that running track ever going,would cost to much money now and of course it would not be a decision that whu could make as its not our ground
That handy. Just in time for The Real West Ham Fanse Action Group march on the 10th March before the Burnley game. Get involved. Let’s actually do something.
Says it all about the £ sign twins.
I agree ..the stadium was supposed to give us breast players due to the income. But all its done is made them idiots richer which was always there plan basically… We all been taken for mugs ..we all will just keep going over and over the same thing til they go and that won’t happen so basically we’re fu!!!ed..
Will certainly be interesting to see how much we are in profit, everything up until now has shown us breaking even. If the Ayew and Sakho sales go in we should be showing a net gain on transfers. The big loss at the moment is certainly of DS making and that is that we sold our defensive midfield without replacing it and that we could have had Carvalho but for DS involvement and we clearly didn’t did enough for Dendoncker or the guy from Lille not that many of us know a lot about them, but bidding 4.4m which is what is reported for Dendoncker seems ridiculous if he is believed to be a good fit at CDM by Moyes god knows what we offered if anything for the guy from Lille.
No 32 – on point totally. There’s no WHUFC transfer/recruitment strategy because in my view the business model being driven by the £’s twins (luv it) is to milk the club as a ‘cash cow’ operation creaming off the top for personal gain with an exit, stage left, to the highest bidder when the excitement of greed runs dry. There’s never going to be a commitment to spending on high quality players.
Reporting record profits could be ‘dog whistling’ at its very best. Is Brady’s abyss narrative a warning or a threat to a dissenting Fan base? Or is she dropping a hint that the toxic triad will push off if we drop into the championship?
Let’s hope there are prospective (international?) owners out there, willing to ‘slum it’ and take a punt on London’s poor relatives in order to build a sustainable and strong fourth London club in the East. That has to be an option – listen up plutocrats and oligarchs! Otherwise we’ll never be up there with Spurs, Arsenal and Chelsea.