A new report has made a scarcely believable claim about West Ham United’s valuation.
West Ham are amongst the top 20 richest football clubs in the world (City AM). They also boast the sixth highest attendances in Europe at their 60,000 seater London Stadium home.
Their stadium will soon become the second biggest club football ground in the UK after permission was granted to eventually raise capacity to 66,000 (Sky Sports).
Hammers growth in numbers
The Hammers have had the second highest number of season ticket holders in the Premier League behind only Manchester United for three consecutive seasons.
The club is fighting for a possible ninth place finish when they face Watford this weekend.
Last summer co-owners David Sullivan and David Gold splashed out £100 million on players including record £40 million buy Felipe Anderson.
West Ham have a number of valuable assets in their squad with the likes of Declan Rice deemed to be worth around £70 million.
Nonsensical report makes West Ham valuation claim
So quite how a new report from the University of Liverpool’s Centre for Sports Business Group lists the likes of Burnley, Newcastle and Southampton as more valuable than West Ham is anyone’s guess.
The university’s data is also calculated based on income, profits, non-recurring costs, average profits on player sales over a three-year period, net assets, wage control and proportion of seats sold.
The research then assigns a value to each club potential buyers would realistically expect to pay.
But West Ham have been valued at just £291 million making them 12th on the list of clubs based on the latest accounts (from the 2017/18 season).
Only worth a Declan Rice more than Huddersfield
That is some £107 million LESS than seventh placed Burnley, £102mil less than Newcastle, £87mil less than Leicester, £78mil less than Southampton and £71mil less than Everton.
Somewhat unsurprisingly mega rich Manchester City are top, valued at nearly £2.5billion.
Perhaps the most laughable element of the report is the fact West Ham are valued at just £53mil more than Stoke City and £60mil more than Huddersfield.
Having paid £100mil to take over the club nearly a decade ago, Sullivan and Gold will undoubtedly scoff at the valuation.
Even if the report takes into account that West Ham don’t officially own their own stadium it is still some way off where it should be.
Premier League Club Valuations 2017-18 top 15
1. Manchester City – £2.364 billion
2. Manchester United – £2.087 billion
3. Tottenham Hotspur – £1.837 billion
4. Liverpool – £1.615 billion
5. Chelsea – £1.615 billion
6. Arsenal – £1.368 billion
7. Burnley – £398 million
8. Newcastle – £383 million
9. Leicester City – £378 million
10. Southampton – £369 million
11. Everton – £363 million
12. West Ham – £291 million
13. Stoke City – £238 million
14. Huddersfield – £231 million
15. Brighton – £224 million