West Ham currently owes £171million to other clubs in the form of transfer instalments, Football Insider can reveal.
On Friday, December 29, the Hammers revealed their 2022–2023 financial statements. The team brought in £237 million in revenue, but had a net loss of £18.3 million.
With only the “Big Six” clubs earning more, that sum puts West Ham’s overall revenue in the Premier League at seventh place.
On May 31, 2023, West Ham’s accounts also revealed that they owed £171 million in transferable assets.
The Irons made significant transfers in recent years, investing a club-record £183.9 million in the men’s first squad in the summer of 2022.
During that transfer window, Lucas Paqueta from Lyon was signed for £51 million, and Nayef Aguerd was purchased for £30 million.
The £171 million total will also include payments for players who were signed during earlier transfer windows.
With the January transfer window still open, London Stadium’s top brass would be hesitant to add to their debt in terms of transfers.
According to Football Insider, the Hammers are looking to add two strikers to their lineup in January.
However, the £105 million Arsenal spent for Declan Rice can more than cover West Ham’s transfer debt.
Because the purchase was completed after the deadline of May 31st, Rice’s transfer fee has not been factored into West Ham’s 2022–2023 budget; however, it will have significantly increased the club’s revenue and transfer budget.
