West Ham Online

goose wrote: ↑11 Feb 2025, 22:12

Mex Martillo" wrote: ↑11 Feb 2025, 22:05

goose wrote: ↑11 Feb 2025, 21:23 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.

Fauxstralian wrote: ↑12 Feb 2025, 15:58 Spurs after Kudus?
ha ha 
He’d only go there to run Van der Venn over in the car park 

goose wrote: ↑12 Feb 2025, 14:08

Ladysmith wrote: ↑12 Feb 2025, 14:04

goose wrote: ↑12 Feb 2025, 12:55

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 wrote: ↑12 Feb 2025, 11:12 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.

Ladysmith wrote: ↑12 Feb 2025, 14:04

goose wrote: ↑12 Feb 2025, 12:55

Ladysmith wrote: ↑12 Feb 2025, 11:12 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 wrote: ↑12 Feb 2025, 12:55

Ladysmith wrote: ↑12 Feb 2025, 11:12 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??

Ladysmith wrote: ↑12 Feb 2025, 11:12 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.

Ladysmith wrote: ↑12 Feb 2025, 11:21

Ladysmith wrote: ↑12 Feb 2025, 11:12 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!

Lee Trundle" wrote: ↑12 Feb 2025, 11:22 Have you 2 ever thought about ignoring the bait?

Ladysmith wrote: ↑12 Feb 2025, 11:12 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.

stubbo-admin wrote: ↑12 Feb 2025, 09:02

goose wrote: ↑12 Feb 2025, 08:35

Westside wrote: ↑12 Feb 2025, 07:48

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 wrote: ↑12 Feb 2025, 08:35

Westside wrote: ↑12 Feb 2025, 07:48

goose wrote: ↑11 Feb 2025, 21:15 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 wrote: ↑12 Feb 2025, 07:48

goose wrote: ↑11 Feb 2025, 21:15 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 wrote: ↑11 Feb 2025, 21:15 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.

 

Mex Martillo" wrote: ↑11 Feb 2025, 22:05

goose wrote: ↑11 Feb 2025, 21:23 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.

goose wrote: ↑11 Feb 2025, 21:23 Which lawyers are we paying?