According to a report from the BBC, West Ham will have to pay back a £39 million loan next month that they took out in July and August last year.
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And with the prospect of relegation looming, that could end up being nothing short of a disaster for the Hammers.
West Ham’s co-owners David Gold and David Sullivan and vice-chairman Karren Brady appointed David Moyes as Manuel Pellegrini’s replacement in December 2019.
But the move has backfired badly.
Moyes has had next to no impact at the London Stadium
And the Hammers are now staring relegation squarely in the face.
Troublesome times ahead
If the east London outfit drop down to the second tier, it would have huge financial ramifications for the them.
Not least because of reduced TV money, but also smaller match-day crowds. The global health crisis has also had a huge impact on football clubs’ finances up and down the country.
Relegation quite simply doesn’t bear thinking about.
And now with the BBC reporting that West Ham have to repay a £39 million loan next month, things could be looking even bleaker very soon.
Whoever is Hammers boss next season will have to cut their cloth accordingly in the transfer market, that’s for sure.
But if West Ham manage to stay up this term, they will be in a much stronger position than if the unthinkable happens.
These are worrying times for Hammers fans. Let’s just hope that Moyes can turn things around and guide his team away from danger during the course of the last seven Premier League games.