Thursday, September 17

Hammers to make £17m loss?

Quite a few papers picked up on David Sullivan's admission in the Newcastle programme that West Ham are set to make a loss of between £10m and £17m, depending inn our league position, following the summer's transfer deals. Though hopefully that loss might be negated by winning the Premier League, the FA Cup and League Cup, which seems very likely after several pints of Maldon Gold in the Black Lion. Sullivan also wrote that the total salaries were at the limit of the financial fair play rules and that if there is any activity in January West Ham would have to sell before they buy. 

That shouldn't be too big a problem as we now have two players for every position and the squad is looking strong with several promising youngsters coming through. The luxury item in our purchasing was probably Angelo Ogbonna at £8.5 million when WHU already had Tomkins, Reid and Collins, though he's certainly added strength to the back line. These figures would indicate we have to be prudent next season though and devote any cash we have to buying or replacing loan signings such as Jenkinson, Song, Lanzini and Moses.

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