West Ham’s summer transfer window is broken down and examined in detail. In response to many Claret and Hugh reader requests, here’s a detailed breakdown of who came in, who left and all things financial.
West Ham Inbound transfers:
Mateus Fernandes £38m plus £3m of add-ons =£41m
Soungoutou Magassao €17m (£14.7m) plus €3m (£2.59m) in add-ons =€20m (£17.3m)
El Hadji Malick Diouf £19m plus £2.5m of add-ons = £21.5m
Mads Hermansen £15.5m
Jean-Clair Todibo £35m
Callum Wilson Free
Kyle Walker Peters Free
Igor Julio Loan
Total financial liabilities of £130.3m or £122.2m without add-ons
West Ham Outbound Sales
Mohammed Kudus £54.5m
Nayef Aguerd £18.2m plus £1.7m of add-ons = £19.9m
Emerson £606,000 plus up to £260,000 in add-ons = £866,000
Edson Alvarez £1.7m plus £19m option to buy
Total potential financial income = £77m or £75m without add-ons
Total potential net spends £53.3m or £47.2m without add-ons
PSR profit and loss
Mohammed Kudus: Initial €41.5m (£36m) and €3m (£2.6m) in August 2023 = £38.6m. Written off at £7.72m per year over 5 years. £23.16m written off with £15.44m remaining on books
Sale to Spurs of £54.5m, realising a paper profit £39m for PSR purposes
Nayef Aguerd: Initial £3om fee from Rennes in June 2022. Written off at £6m per year over 5 years. £24m written off with £6m remaining on books
Sale to Marseille of £20m, realising a paper profit £14m for PSR purposes
Emerson: Initial £13m fee plus £2m of add-ons from Chelsea in August 2022. Written off at £3.75m per year over 4 years. £11.25m written off with £3.75m remaining on books
Sale to Marseille of £606,000 plus up to £260,000 in add-ons. = £866,000 realising a paper loss £2.88m for PSR purposes
Net PSR profit £50m
Reduction in wages (based on unverified Sportrac figures). Purely speculative, based on publicly available information and subject to change
Mohammed Kudus £90,000 per week
Edson Alvarez £100,000 per week
Emerson £95,000 per week
Danny Ings £125,000 per week
Vladimir Coufal £35,000 per week
Aaron Cresswell £50,000 per week
Michail Antonio £85,000 per week
Lukasz Fabianksi £65,000 per week
Carlos Soler (end of loan) £80,000 per week
Evan Ferguson (end of loan) £30,000 per week
Maxwel Cornet *£16,250 per weeks (*25% of his wages paid by Genoa)
Nayef Aguerd wages were covered by a loan last season
Kurt Zouma wages were covered by a loan last season
Total £771,250 per week or £40.1m per season.
Additional wages (Limited figures publicly available so based on Premier League average wage of £67,000 per week when not known or public reports of wages)
Mateus Fernandes £67,000 per week
Soungoutou Magassao £67,000 per week
El Hadji Malick Diouf £67,000 per week
Mads Hermansen £67,000 per week
Callum Wilson £60,000 per week (90% performance related assuming he plays regularly)
Kyle Walker Peters £75,000 per week
Igor Julio £45,000 per week (paid by Brighton)
Total £381,000 per week or £19.8m per season
Potential annual savings on wage bill £20.3m
Thanks for this, Sean. Question for another article, would be what this means for our PSR standing overall. Are we being frugal now in order to keep our powder dry and spend big later down the line, perhaps? I know it’s very difficult to forecast, but it would be interesting to see how this plays out over the next few years based on a few scenarios.
When I see the list of outgoings, only Kudus is a disappointment, but even then it was clear he wasn’t happy here, so making a decent profit is fine with me. I think we’ve spent well; just perhaps light a couple of players.
What about Sullivan’s loan interest earned, Brady’s pointless wages and dividends to shareholders?
What has this conjecture got to do with football?
Stuff and nonsense springs to mind. Sorry Sean.
You might given how PSR works like to explain how incoming are based over the length of the contracts up to 5 years. This would give a clearer picture of PSR room.
You could also discuss how PSR wiggle room can be created through sales of the Women’s Team or by investing on youth programmes or community development.
Without doing the former and discussing the later any discussion of psr is redundant
There should be two takeaways from this window. Two things the club has done. Firstly it’s moved on a lot of dead wood or allowed their contracts to expire. Run down that list of salary savings who beyond Kudus was worth his corn? On the inbounds (ignoring Tobido who in reality was just a deferral of money from a year ago) most of the money went on young players who will potentially increase in value. Any one of those players MIGHT increase in market value by twenty or thirty million in the next couple of years. That too has an impact on the financials. You are replacing assets unlikely to increase in value with those that may. Now there’s still work to be done but for the future of the club what was done in this window was far more important than, once again, throwing a lot of money buying players in their mid or late twenties who will quickly start decreasing in value. One or two more windows like this and we might start looking like the type of club (say Brighton) we want to emulate.
Why do you want to emulate Brighton, selling off all of our best players to the top six? Is that what you want.?
Clubs like West Ham in order to compete have to buy and sell these days. It’s how teams like Brighton have out competed us every year. Without the commercial income of the greedy six it’s the only solution. But perhaps you like the idea of relegation and continually buying aging players who fail and then sit draining the club financially with their huge wages?
I didn’t see Brighton winning in any trophies dud you?
Sorry, I amended my earlier a few times and still got it wrong. It should have read “Sean there is an error in your outgoing calcs. £17m + £3m add-ons is £20m not £17.3m.
Looks like I can’t type!
Also the PSR calc for Emerson has numerous errors
Do you mean Magassa line? If so it was euros 17 + 3 which converts to £17.3m
Sean there is an error in your outgoing calls you can’t add up. £3m add-ons = £20m not £17.3m
Do you mean Magassa transfer. If so I am listing in Euros and Pounds hence diffence. It is 20 million Euros which is £17.3m
now fixed
Think that’s a conservative prediction on saved wages as I don’t think the players coming in would be on the average 67k nearly all came from clubs that paid them 10k a week so would expect most will be between 35k-50k. So should be saving closer to 25m. Would think sully would like younger players on lower wages with sell on value. Yet in 10 years he buys old players on massive wages ages with no sell on. Maybe potter is teaching him this value. Next year should look to move areola, Rodriguez, jwp possibly tobido and fulkrug to lower wages. Plus imagine paqueta will be off so our wage bill will dramatically less.
Considering Pellegrini was given £155 million to spend way back in 2018 when that was more than it is today. Lopetegui spent £150 million in 2024. Potters not had the backing he deserves.
70 million net spend and 20 million decrease in wage bill means we’ve had a sensible window however as fans we always want to see more spent on players.
Alot of work that Sean. Might want to look at the Emerson PSR calc which doesn’t look quite right but all very interesting.
Fixed Emerson calculation