Keith Wyness’ assessment of West Ham United‘s financial situation amidst their summer spending spree is a positive indicator for the club.
The former Everton CEO’s belief that the Hammers are likely to comply with the Profit and Sustainability Rules (PSR) is reassuring for fans concerned about the club’s financial health. Wyness is now a football consultant and speaks with a degree of authority on Premier League business.
According to Transfermarkt, West Ham have spent almost £110million so far in the window. Whilst such a significant outlay on new players might raise eyebrows, it’s clear that West Ham have a strategic plan in place. The sales of certain fringe players have generated revenue, helping to offset the cost of the new signings.
It is likely that offers will be considered for several of last years’ first team, Head Coach Lopetegui having deemed them unsuitable for the standards he demands.
Additionally, the club’s financial planning and management team must be commended for their ability to navigate the complex financial landscape of modern football. By adhering to the PSR, West Ham are demonstrating a responsible approach to their spending, ensuring long-term sustainability and avoiding the dreaded Points deductions suffered by other transgressors.
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If there is one thing we all know about our board and that is they are very frugal when it comes to spending and whilst some of our previous transfers and wages for certain players have raised eyebrows you always no that the club would not of offered such unless they new we could afford to and be within the rules…..and with Moyes transfer activity being rather meagre we have to thank him for that as it helped the club stock up reserves for what we all know was going to be a big summer rebuild and so once again despite all the grief being thrown at him Sullivan has come through again and showed he can operate with the big boys when needs must.
Dont undestand the comment West Ham board are the 5th net spend in the prem… credit due to be honest…Gold risked his personal wealth on buying west ham and Sullivan gambled good luck to them would some people people do other talk…i know who i back
West Ham will not have spent outside of the guidelines. It makes no sense. Deals will be structured over multiple years to fit. Even Tobido’s deal is a conditional loan so that the impact of the actual transfer is delayed. However in future years West Ham will need to sell players and not just fringe players. Some of those sales will annoy some supporters but its the way a Project like this works. Buy in talent that is likely to appreciate to sell later. Buy in young promising players to back fill the spots departing players will open up in a couple of yers. Fill gaps in the squad where you cannot identify/afford upcoming players with older players on short contracts. Have a larger squad effectively warehousing talent on the expectation that over time prices will rise. West Ham will also be expecting a relaxation in the current rules. They are far too restrictive for the big clubs and therefore changes will be made.
That’s it exactly.
Expect one major sale per year from hereon.
As you say….that’s how the model works
Nice explanation thanks, much appreciated.
We’ve had huge amounts income from three years of European football under Moyes plus the sales of players like Rice, Flyn Downes etc. the net spend is probably not that high.
Clubs have seen Everton and Forest receive points reductions and everyone is waiting to see the outcome of this long saga with Manchester City. So, all clubs will be extra vigilant on their transfer dealings as a result. West Ham will know their limits.
Sullivan gets bad press from moaning fans who don’t understand footballs financial rules. Moyes ans Peligrinni spent well over £500m. Credit where it’s due – well done the Dave’s.
We have the seventh highest revenue which in the next accounts will be very close to Arsenals. PSR is related to revenue, the higher your revenue the larger the amount you’re able to spend within PSR.
PSR limits clubs spending to a proportion of their revenue, for example we are able to spend more than Newcastle despite Newcastle having far wealthier owners but lower revenue.
The days of owners like Roman Abramovic buying success from personal wealth are over. In that sense PSR is a good thing for West Ham as our revenue is higher than most.