West Ham United appear to be in a bad situation, not just on the pitch, but off it as well.
Nuno Espirito Santo has received a setback in a transfer pursuit ahead of the January window, which is not ideal ahead of the game against Brighton on Tuesday.
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Tara Warren also left West Ham recently, ending her 16-year stay at the London Stadium outfit.
West Ham set to soon publish financial accounts
According to reliable journalist Sean Whetstone, West Ham are set to suffer staggering losses for last season until May 2025.
He claims that the club will soon publish their accounts, making the poor numbers public for all to see.
This is shocking! 😰 Relegation is going to be dire for West Ham…
What would YOU do to avoid this mess?
The accounts are expected to show losses north of £100million, reflecting the club’s struggles on and off the pitch.
Back when Declan Rice was at the club and sold to Arsenal for nine figures, the balance sheet looked much better.
West Ham published a paper profit of £57million two years ago, but are set for heavy losses this time around.
Via X, Whetstone wrote: “West Ham will soon publish financial accounts for last season to the end of May 2025 showing losses of over £100m.
“The cost of poor recruitment decisions and a merry go round managers is catching up on the Hammers after publishing a £57m paper profit two seasons ago thanks to the sale of Declan Rice.
“This season is on target for similar losses making relegation potentially financially devastating for the Hammers.”
What could the ripple effects of a £100m loss be for West Ham?
As the Hammers are in compliance with the Premier League rules and have a relatively stable ownership structure, losses of over £100million, while bad, are not expected to be catastrophic.
However, it could mean offloading players that the manager or the hierarchy would have otherwise wanted to keep.
Getting heavy wages off the payroll would be beneficial, but it’s also essential to ensure that they are able to recoup a lot of what they paid to sign those players in order to avoid losses.
West Ham also have transfer debt, which means that they would require heavy cash reserves in order to repay the money owed.
This could also mean that the club are not able to spend big money in the upcoming January transfer window, which is not something Nuno or the fans would want to hear.
To add to that, it could also reduce the club’s valuation, making it a less lucrative option for potential investors, further compounding the misery under David Sullivan and Karren Brady.
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