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Alan 1:23 Sat Feb 8
Saturday newspapers (includes West Ham)

Chelsea have been linked with summer moves for Inter Milan and Argentina striker Lautaro Martinez, 22, and Lyon's French forward Moussa Dembele, 23. (Evening Standard)

Barcelona's interest in re-signing Spaniard Adama Traore has intensified out of fear that Real Madrid could move for the 24-year-old Wolves winger. (Mail)

Barcelona could allow Brazilian former Liverpool midfielder Philippe Coutinho, 27, to leave for as little as 80m euros (£67m). (Mundo Deportivo - in Spanish)

Borussia Dortmund are in no hurry to sell England winger Jadon Sancho, 19, before Euro 2020, after which they think his value will inflate. (90min)

Manchester United are favourites to sign Napoli and Senegal defender Kalidou Koulibaly, 28, this summer. (Star)

Nigeria striker Odion Ighalo, 30, has been doing double fitness sessions with the GB Taekwondo team since his arrival at Manchester United. (Telegraph)

Liverpool are not expected to offer a new contract to 31-year-old England midfielder Adam Lallana, whose deal expires at the end of the season. (Liverpool Echo)

Arsenal have joined Leicester City in the hunt for Brentford's Algeria winger Said Benrahma, 24. (Sun)

Former Arsenal manager Arsene Wenger is a candidate to become Rennes' new president. (ESPN)

West Ham manager David Moyes concedes the club may lose England midfielder Declan Rice, 21, in the summer. (Guardian)

Chelsea are close to agreeing new deals with English midfielder Tino Anjorin, 18, and Dutch defender Ian Maatsen, 17. (Mail)

Southampton expect to agree a new contract with manager Ralph Hasenhuttl before the end of the season. (Telegraph)

Juventus have identified Chelsea and Italy full-back Emerson Palmieri, 25, as one of their primary targets for the summer transfer window. (Inside Futbol)

Tottenham Hotspur, Burnley and Aston Villa are all interested in Fenerbahce's Turkey forward Vedat Muriqi,25. (Calciomercato - in Italian)

Spurs are monitoring Sporting Lisbon's 19-year-old Portuguese winger Rafael Camacho, who used to be at Liverpool. (Express)

Crystal Palace's English forward Connor Wickham, 26, is seeking to return to Selhurst Park this summer after hinting there is no long-term plan behind his loan move to Sheffield Wednesday. (Evening Standard)

West Brom defender Nathan Ferguson, 19, will have exploratory surgery on the knee injury that scuppered his move to Crystal Palace - but the 19-year-old England Under-20 international's representatives have again made it clear he wants to leave the Baggies. (Express & Star)

Derby County manager Phillip Cocu says the club tried to sign Groningen's 27-year-old Dutch defender Mike te Wierik on deadline day. (Derby County)

Barcelona are trying to figure out ways that they can come to an agreement with Real Sociedad for Brazilian striker Willian Jose, 28. (Marca)

Manchester City manager Pep Guardiola has told Germany winger Leroy Sane, 24, he needs to rediscover his confidence and rhythm before he can make a return to action.(Manchester Evening News)

If French forward Kylian Mbappe, 21, signs a new deal with Paris St-Germain then he will earn 25m euros (£21m) per year. (L'Equipe - in French)

Real Madrid's players were appalled at their defensive display in their 4-3 Copa del Rey defeat by Real Sociedad. (ESPN)

Manchester United and Brazil midfielder Andreas Pereira, 24, saw a hypnotherapist after struggling to sleep when travelling with the club. (Sun)


Hammers net debt increases by 90%

Football finance expert Swiss Ramble has shared their analysis of the West Ham financial accounts which have been recently released.

West Ham’s 2018/19 financial results covered a season when the Hammers finished 10th in the Premier League and were eliminated in the 4th found of both the FA Cup and Carabao Cup.

West Ham swung from £18m profit before tax to a £28m loss, a £46m deterioration, despite revenue rising £15m (9%) to a club record £191m, as profit on player sales fell £17m to £13m and investment in the squad led to a £45m increase in expenses.

West Ham’s wage bill increased £29m (27%) to £136m and player amortisation rose £16m (40%) to £57m.

Four of the six Premier League clubs that have published their 2018/19 accounts to date have lost money. Although West Ham’s £28m loss is clearly not great, it is much better than Everton and Chelsea who both had losses over £100m. Both Manchester clubs posted profits: Man United £27m & Man City £10m.

The Hammers £28m loss is the highest since the £37m loss reported in 2008, though that was inflated by £26m exceptional expenses for a breach of Premier League rules in transfers of Tevez and Mascherano. Before last season, they had been profitable in four of the last five years.

West Ham’s net debt increased by 90% from £35m to £66m, as gross debt rose £13m to £78m, while cash fell £18m to £13m. Shareholder debt unchanged at £54.5m (£45m from Sullivan and Gold at 4.25% interest and £9.5m interest-free from J Albert Smith), but bank loan was up £13m to £23m.

After many years of falling debt at West Ham, 2019 increase was “due to the sizeable investment in the playing squad and first-team management”. In fact, the Rights & Media Funding Ltd bank loan was repaid in July but replaced by bigger £39m loan, though £1m repaid to David Gold.

West Ham’s debt of £78m is nowhere near the largest in the Premier League, but they also owe £87m in outstanding transfer fees (up from £57m the previous year). For some perspective, Man United and Spurs have around £500m debt, followed by Everton £337m, Brighton £280m and Aston Villa £217m.

Sullivan says West Ham were £110m in debt when they took over (“£50m owed to banks, £40m to other clubs and the settlement to Alan Curbishley”). Interestingly, using his definition of external debt, the club now owes £111m. Including owner debt, it’s actually risen from £120m to £165m.

West Ham’s (cash) interest payment of £6.8m was the 4th largest in the Premier League, split £4.6m to Sullivan and Gold (£1.9m annual charge plus accrued interest) and £2.2m bank loan. The owners are not paid a salary or dividend, but they have received a lot of interest. In fact, including the £1.9m paid in August after these accounts closed, Sullivan and Gold have now taken a total £18.7m interest on their loans..

Since 2010 majority of cash has come from West Ham operations £215m, supplemented by £81m financing from shareholders (£55m loans and £26m share capital) plus £29m from Boleyn Ground sale. Most (£222m) was spent on new players, £65m on loan/interest payments and £27m on capex.

West Ham have invested big money to take them to the next level, but are currently more concerned about the “serious financial consequences” of relegation. As the Board stated, “retention of our (Premier League) status is an absolute necessity for the future wellbeing of the club.”

Replies - Newest Posts First (Show In Chronological Order)

Barty 12:06 Sun Feb 9
Re: Saturday newspapers (includes West Ham)

They´ve owned the club for 10 years and after the OS move and last summers 25 million net spend AND THESE FINANCES they can FUCK OFF !!!

Texas Iron 11:08 Sat Feb 8
Re: Saturday newspapers (includes West Ham)
Accounts = Con Job by Sullivan and Brady...


Mex Martillo 10:44 Sat Feb 8
Re: Saturday newspapers (includes West Ham)
blueeyed.handsomeman 2:12 Sat Feb 8

blueeyed.handsomeman 2:12 Sat Feb 8
Re: Saturday newspapers (includes West Ham)
THanks Alan

Thanks Alan 1:27 Sat Feb 8
Re: Saturday newspapers (includes West Ham)
Thanks Alan

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