West Ham United boss Manuel Pellegrini has no money left for transfers this summer.
That’s the line reportedly coming out of West Ham this week after the capture of Sebastien Haller for a club record £45million (BBC Sport).
West Ham have a net spend of just over £30million this summer. That was said to be the club’s budget at the start of the window with Pellegrini being given any money raised through sales too.
Potential sales could land as much as £20million
Pedro Obiang looks set for an £8million move to Sassuolo while Jordan Hugill, Reece Oxford and possibly even Javier Hernandez could raise another £12-15million too.
But a new report from Claret & Hugh – which often claims to have a top level source inside West Ham – says even sales won’t boost Pellegrini’s kitty.
The claim has angered some supporters who feel more reinforcements are needed.
Some supporters divided over ambition
Others point to the fact West Ham have broken their transfer record several times in recent transfer windows as evidence co-owners David Sullivan and David Gold are not trying to do things on the cheap.
Many fans have been left confused by the latest thread to West Ham’s transfer window.
And the report from C&H moves to explain the reasons West Ham are now cash-strapped.
The report cites the fact the latest instalments are due on several transfers from previous seasons as one reason.
Another was a sizeable chunk of the fee for record buy Sebastien Haller being required earlier than your average transfer.
Report moves to explain reasons for transfer cash shortage
“The £24m purchase of Pablo Fornals is likely to have cost around £8m for the first instalment while Sebestain Haller at £40.5m was significantly more upfront with the rest paid over the next 18 months,” C&H claims.
“What is all means is that West Ham’s cash reserves are now pretty much non existent and David Sullivan was required to personally loan West Ham cash to complete the Haller transfer this week before a new short term loan with Media Rights and Funding has been arranged.”
None of that will pacify those who are upset at the new party line coming out of the club.
But it is at least a detailed explanation of the current state of affairs from those with a reported ‘in’ at the club.