West Ham pushing the PSR narrative

[Sir Alf]

A few stories this morning saying we are at PSR limits and need to sell before we buy in summer. Expectation setting via Whetstone etc? 

 

[Mex Martillo]

Which lawyers are we paying?

Who pays the Premier league lawers going toe to toe with Man City lawers? Apparently over 1000 pounds a hour!
Our sad TV money that's fucking who!
Should be going to teams on how they or WE finish. 
Fucking shit show.

The PL pay the lawyers, not us. We don’t pay a penny to the PL. The TV money is set in stone on set term contracts. They’ve not taken any money from anyone.

They earn money through marketing the biggest league in the world, and they pay lawyers from their own money.

Slow down and think about it. Where do the Premier League get their money? Try hard and you will get there.

[Ladysmith]

Spurs after Kudus?
ha ha 
He’d only go there to run Van der Venn over in the car park 

Yeah not Kudos smartest move, VDV stitched him like a kipper and got him sent off.

[Fauxstralian]

Spurs after Kudus?
ha ha 
He’d only go there to run Van der Venn over in the car park 

[Westside]

If we need to borrow money, we have plenty of collateral (not including players). Until 2023, we had a £95 million credit facility with a company called MSD (only £55 million drawn down), which was secured on various assets of the club. This has been repaid in full and the facility discarded.

[scott_d]

You clear have zero idea what you’re talking about.
What do we need collateral for??

obtain more finance

we dont need a stadium to borrow money, we could borrow a shit load now if wanted to.
why would we want to borrow money?

I'm sure DS would lend us a little more at a bargain 8% interest?

[scott_d]

I just think with the way football finances are today, we are more suited to Championship level.

We don't have a stadium and therefore no collateral. Yet we are still skint even after not being burdened with expensive stadium costs.

As previously mentioned, we might have to sell 1 or 2 players.

Kudos might have to go (have heard that Spurs are after him) and also I think we should wish Bowen well on his way to a bigger club.

You're not even subtle anymore?
West Ham should aim for relegation and sell Bowen!

[goose]

I just think with the way football finances are today, we are more suited to Championship level.

We don't have a stadium and therefore no collateral. Yet we are still skint even after not being burdened with expensive stadium costs.

As previously mentioned, we might have to sell 1 or 2 players.

Kudos might have to go (have heard that Spurs are after him) and also I think we should wish Bowen well on his way to a bigger club.

You clear have zero idea what you’re talking about.
What do we need collateral for??

obtain more finance

we dont need a stadium to borrow money, we could borrow a shit load now if wanted to.
why would we want to borrow money?

[Ladysmith]

I just think with the way football finances are today, we are more suited to Championship level.

We don't have a stadium and therefore no collateral. Yet we are still skint even after not being burdened with expensive stadium costs.

As previously mentioned, we might have to sell 1 or 2 players.

Kudos might have to go (have heard that Spurs are after him) and also I think we should wish Bowen well on his way to a bigger club.

You clear have zero idea what you’re talking about.
What do we need collateral for??

obtain more finance

[goose]

I just think with the way football finances are today, we are more suited to Championship level.

We don't have a stadium and therefore no collateral. Yet we are still skint even after not being burdened with expensive stadium costs.

As previously mentioned, we might have to sell 1 or 2 players.

Kudos might have to go (have heard that Spurs are after him) and also I think we should wish Bowen well on his way to a bigger club.

You clear have zero idea what you’re talking about.
What do we need collateral for??

[Far Cough UKunt]

Quit sending me bender Whomails.

[Far Cough UKunt]

I just think with the way football finances are today, we are more suited to Championship level.

We don't have a stadium and therefore no collateral. Yet we are still skint even after not being burdened with expensive stadium costs.

As previously mentioned, we might have to sell 1 or 2 players.

Kudos might have to go (have heard that Spurs are after him) and also I think we should wish Bowen well on his way to a bigger club.

what you on about you dik!

Yeah nice correction, helmet.

[Far Cough UKunt]

Have you 2 ever thought about ignoring the bait?

No, I love it.

[Lee Trundle]

Have you 2 ever thought about ignoring the bait?

[Ladysmith]

I just think with the way football finances are today, we are more suited to Championship level.

We don't have a stadium and therefore no collateral. Yet we are still skint even after not being burdened with expensive stadium costs.

As previously mentioned, we might have to sell 1 or 2 players.

Kudos might have to go (have heard that Spurs are after him) and also I think we should wish Bowen well on his way to a bigger club.

what you on about you dik!

[Takashi Miike]

not skint at all, stop with the spurs comedy routine

[Far Cough UKunt]

Bowyer has retired, idiot.

Although I agree that Spurs are more suited to the fizzy.

[Ladysmith]

I just think with the way football finances are today, we are more suited to Championship level.

We don't have a stadium and therefore no collateral. Yet we are still skint even after not being burdened with expensive stadium costs.

As previously mentioned, we might have to sell 1 or 2 players.

Kudos might have to go (have heard that Spurs are after him) and also I think we should wish Bowen well on his way to a bigger club.

[goose]

It’s exactly the right strategy and we completely the wrong owners to be executing it.

we shouldn’t be buying players for £40m or £50m. We shouldn’t be buying 30 year old strikers on big wages.

[El Scorchio]

The 60%, is our total wages, including non football staff, so a bit off wriggle room there. However, you have to add in agents costs (£14 million in 2023, can't find a figure for 2024) and our player contract amortisation. In the last set of accounts that was £83 million, but offset by the £100 odd million profit from the Rice sale. Once the benefit of that money drops out off the figure (after the 2025/2026 season) things based on current figures, will be tight, especially with no European football, this season, or next.

Plus we’ve sold our receivables to a factoring company so are due little or nothing for transfer fees owed.

The long & short of it is someone like Kudus will have to be sold if we intend to be active in the market. 

Realistically for West Ham, that has to be the model...sell a high value asset, buy assets that will appreciate, rinse repeat.

Unless you hit the Champions League payload every year, that is the only way to be competitive.  The trouble is we have two assets (Paqueta, Kudus) who we're unlikely to get the value for, so squad building off the back of their sale becomes difficult.

But have no doubt, the planned model is to sell a big asset once per season to bankroll the next spend, whilst having a scouting department smart enough to identify the next big thing, and the Club stature and pulling power to compete to win those.

How handy the exact strategy that Sullivan seems unable or unwilling to try and commit to....

[stubbo-admin]

There is no wage cap.

PSR rules change 25/26 to not being able to spend more than 85% of revenue on “squad related costs” (wages, bonuses and transfers).

our revenue is £270m so £230m would be our PSR cap. I think our wage bill to turnover is something like 60%. Leaving something like £68m for player trading.



 

The 60%, is our total wages, including non football staff, so a bit off wriggle room there. However, you have to add in agents costs (£14 million in 2023, can't find a figure for 2024) and our player contract amortisation. In the last set of accounts that was £83 million, but offset by the £100 odd million profit from the Rice sale. Once the benefit of that money drops out off the figure (after the 2025/2026 season) things based on current figures, will be tight, especially with no European football, this season, or next.

Plus we’ve sold our receivables to a factoring company so are due little or nothing for transfer fees owed.

The long & short of it is someone like Kudus will have to be sold if we intend to be active in the market. 

Realistically for West Ham, that has to be the model...sell a high value asset, buy assets that will appreciate, rinse repeat.

Unless you hit the Champions League payload every year, that is the only way to be competitive.  The trouble is we have two assets (Paqueta, Kudus) who we're unlikely to get the value for, so squad building off the back of their sale becomes difficult.

But have no doubt, the planned model is to sell a big asset once per season to bankroll the next spend, whilst having a scouting department smart enough to identify the next big thing, and the Club stature and pulling power to compete to win those.

[goose]

There is no wage cap.

PSR rules change 25/26 to not being able to spend more than 85% of revenue on “squad related costs” (wages, bonuses and transfers).

our revenue is £270m so £230m would be our PSR cap. I think our wage bill to turnover is something like 60%. Leaving something like £68m for player trading.


 

The 60%, is our total wages, including non football staff, so a bit off wriggle room there. However, you have to add in agents costs (£14 million in 2023, can't find a figure for 2024) and our player contract amortisation. In the last set of accounts that was £83 million, but offset by the £100 odd million profit from the Rice sale. Once the benefit of that money drops out off the figure (after the 2025/2026 season) things based on current figures, will be tight, especially with no European football, this season, or next.

Plus we’ve sold our receivables to a factoring company so are due little or nothing for transfer fees owed.

The long & short of it is someone like Kudus will have to be sold if we intend to be active in the market. 

[Westside]

There is no wage cap.

PSR rules change 25/26 to not being able to spend more than 85% of revenue on “squad related costs” (wages, bonuses and transfers).

our revenue is £270m so £230m would be our PSR cap. I think our wage bill to turnover is something like 60%. Leaving something like £68m for player trading.

 

The 60%, is our total wages, including non football staff, so a bit off wriggle room there. However, you have to add in agents costs (£14 million in 2023, can't find a figure for 2024) and our player contract amortisation. In the last set of accounts that was £83 million, but offset by the £100 odd million profit from the Rice sale. Once the benefit of that money drops out off the figure (after the 2025/2026 season) things based on current figures, will be tight, especially with no European football, this season, or next.

[goose]

Which lawyers are we paying?

Who pays the Premier league lawers going toe to toe with Man City lawers? Apparently over 1000 pounds a hour!
Our sad TV money that's fucking who!
Should be going to teams on how they or WE finish. 
Fucking shit show.

The PL pay the lawyers, not us. We don’t pay a penny to the PL. The TV money is set in stone on set term contracts. They’ve not taken any money from anyone.

They earn money through marketing the biggest league in the world, and they pay lawyers from their own money.

[Mex Martillo]

Which lawyers are we paying?

Who pays the Premier league lawers going toe to toe with Man City lawers? Apparently over 1000 pounds a hour!
Our sad TV money that's fucking who!
Should be going to teams on how they or WE finish. 
Fucking shit show.

[MaryMillingtonsGhost]

Did this news come from that fat slug Whetstone?
If so I'd take it with a pinch of salt, which is exactly what I'd feed that fat cսnt.