West Ham’s finances for this season have seemingly been solved due an “accounting quirk”.

After claiming to have absolutely no money to spend, West Ham now have a £150 million headroom due to the Kudus sale, Sean Whetstone reports.

It’s all rather complicated, as is everything with PSR, but essentially due to how player purchases are structured versus player sales it means that profit can actually look bigger than it is.

“Profits from player sales are recognised in the financial year they are sold, while player purchases can be spread over five years in the accounts using amortisation rules,” Sean wrote for Claret and Hugh.

“West Ham initially paid €43m (£37.1m) with an additional €3m (£2.6m) in add-ons in 2023 for Mohammed Kudus, as confirmed by an Ajax statement at the time.”

“The sale of the Hammer for £54.5m to Spurs will create a one-off £30.7m gain on paper in West Ham’s accounts, as the club has already written down two years of the five-year amortisation period for the initial transfer fee for Kudus.”

“Since most new transfers are written off over the maximum five years, you only need to balance the initial first-year instalments, meaning a £30.7m profit can be worth £153.5m in PSR terms in one financial year.”

While this seems good on paper, and it is, the issue is the Hammers need to be selling players every season and making that sort of profit. It goes without saying this is something the club is notoriously awful at, with them making losses on all but 10 players since moving to the London Stadium nearly a decade ago.

For now though, this should hopefully mean the club can conduct more deals in the coming weeks.