West Ham are in a strong financial position and could be set for further significant squad investment.
It was reported last week that the club would be unaffected by the recent victory for champions Manchester City over the Premier League, where the Citizens successfully argued that shareholder loans should be recognised as an external financial income.
The looming changes could spell bad news for a number of clubs, with the likes of Arsenal, Everton and Brighton all currently operating under significant shareholder loans – which go into the hundreds of millions.
West Ham though have zero loans from shareholders, which were cleared when Daniel Kretinsky bought 27% worth of shares in 2021.
Its now been reported by football finance expert Kieran Maguire that West Ham are now set to announce a record annual turnover of £365m, which will also show a healthy profit thanks to sale of Declan Rice to Arsenal for £105m.
Maguire feels this position puts West Ham on a strong footing which could well spell another significant spend in east London.
“The sale of Declan Rice really shouldn’t be treated as turnover as such but it’s likely to provide a £100m plus profit which will certainly assist the club in respect of PSR,” Maguire told Hammers News.
“West Ham have no concerns with regards to this even if assuming that the wages have gone up modestly – and West Ham have kept tight control over wages. There’s effectively been no increase since 2019 to 2023.
“So putting all those things together I think there’s certainly scope to spend more money. We did see that of course in the summer and it will be interesting to see what the club’s strategy is when it comes to the next window.”