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? 

 

[goose]

Which lawyers are we paying?

[Mex Martillo]

Anyone else think they should scrap this nonsense or at least have a very serious rethink?
I know it's a bit crap, but if some rich cսnt wants to spend a load on a football team why shouldn't he be allowed to?
With the present state of affairs we have, it's the lawers that are winning and a shit load of our money paid to our clubs and the Premier league goes to fat rich lawers. Really fucking crap.

[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.
 

[LJC]

All I’ve read for months is that we have money and are nowhere near the wage cap. Also add into the fact the wages we will save with the out of contract players in the summer.

I thought it was Potter that pushed back on players that Sullivan was trying to push in Jan because he wanted his players. So the money was there.

[goose]

It’s all there in the accounts.

How that spend was recognised in the accounts will depend on the structure of those deals and the length of contracts those players were given.

[Maverick180180]

I’d like to know what happened to our yearly transfer budget 2 years ago when we sold Rice 
the club always spins it that we signed Kudus, Alvarez, Ward-Prowse and Mavropanos with the Rice money, but not only did those players not cost as much as what we sold Rice for, but we also sold Scamacca and Vlasic for decent money as well
the fact we made money that season should more than enough cover our big spend up this season
but low and behold were skint, there’s something very fishy going on at this club 

[goose]

What’s even more worrying is that as a club the taxpayers are funding the stadium.

Imagine what it would be like if we owned a stadium.

It would be worse.
that’s why we’re the only PL team to make a profit outside of player trading.

the free stadium is the best thing about the club.

That’s exactly my point

so why is it worrying?

[Ladysmith]

What’s even more worrying is that as a club the taxpayers are funding the stadium.

Imagine what it would be like if we owned a stadium.

It would be worse.
that’s why we’re the only PL team to make a profit outside of player trading.

the free stadium is the best thing about the club.

That’s exactly my point

[Far Cough UKunt]

Actually, reading that back, if our accountants think £69.2m - £5.1m = £64.0m then no wonder we're in such a sorry financial state


 

What's a hundred thousand quid between friends?

[Jean-Luc Paul Goddard]

Actually, reading that back, if our accountants think £69.2m - £5.1m = £64.0m then no wonder we're in such a sorry financial state

 

[Jean-Luc Paul Goddard]

Saw a story somewhere today that he'd sold 69m of future guaranteed transfer revenue for 64m to add to this year's accounts. So paid 5m to boost cashflow.

No idea if accurate but seems a weird thing to make up.  

Yeah, it's true. It comes from the post balance sheet section of the 2024 accounts:

"Future transfer fees receivable totalling £69.2m were accelerated without recourse. The total cash received was £64.0m, after deduction of £5.1m interest charges."

Presumably this was done to pay for last summer's spending spree. 

[goose]

What’s even more worrying is that as a club the taxpayers are funding the stadium.

Imagine what it would be like if we owned a stadium.

It would be worse.
that’s why we’re the only PL team to make a profit outside of player trading.

the free stadium is the best thing about the club.

[Ladysmith]

What’s even more worrying is that as a club the taxpayers are funding the stadium.

Imagine what it would be like if we owned a stadium.

[goose]

Saw a story somewhere today that he'd sold 69m of future guaranteed transfer revenue for 64m to add to this year's accounts. So paid 5m to boost cashflow.

No idea if accurate but seems a weird thing to make up.  

yup i believe thats true.

which means we have very little owed to us on transfers but a fuck load owed to other clubs.
so you can start to see a way to how we could make a loss of £100m+ this coming year.

obviously we can flog one or two more players to help that situation.

[stubbo-admin]

Saw a story somewhere today that he'd sold 69m of future guaranteed transfer revenue for 64m to add to this year's accounts. So paid 5m to boost cashflow.

No idea if accurate but seems a weird thing to make up.  

[claypole]

I am waiting for the board stooges to start putting it out there that Cresswell, Coufal and Antonio will be offered extensions

[El Scorchio]

No one is pushing a PSR narrative. It's just the usual social media halfwits reading things out of context and making 2+2=5.

Whetstone himself said 3 weeks ago that West Ham "have a £157m buffer zone" for PSR. Now he's going on about a £80m loss this summer. According to him that's partly down to the upcoming €40m purchase of Todibo, but he must realise that this cost would almost certainly be spread over the 4-5 years of his contract anyway as all transfers are, so would amount to only about €8m this year. The rest is down to the repayment of a bank loan, but there are constantly loans being paid back and renewed, so it's not all that relevant to this summer and PSR. Perhaps it is to cash flow, but it's probable that they'd renew or take out a new loan anyway if necessary.

And if Whetstone is just being a Sully stooge and under orders to let us know that there's no money to spend, you'd have thought that his midget puppet master would prefer he didn't blame the losses on bad business practices, such as payday type loan deals costing huge interest payments.

It was said in the Stiedten article that he was told by 'the club heirarchy' that we were up against PSR and that it was loans only in January. And all we ended up with was one loan.
So make of that what you will. I'm wondering if they are banking on moving on Kudus or Paqueta in the summer.

Then again we apparently bid 57 mill for Duran so it could just as easily all be fabrication. Never know with the dwarf. We're up against it when it suits him and not when it doesn't, I am sure.

[LJC]

Yep. And Salthouse, Mackay and Silkman already rubbing their hands as they line up players for Sullivan to buy as “gifts” to his new manager.  

Ashworth wont be coming in. Sullivan has abandoned that new fangled DOF idea as a failure. Not that we had one because Steidten was Tech Director and did mot make all football decisions and had to accept Sullivan overuling him on appointong Lopetegui, accept Lopetegui choices and Sullivan picks for 6 players that came in.

we will drift further and further behind. Potter has raised spirits but ultimately the psychologically disordered owner and chairman will undermine and ruin everything.   He needs to be hounded out but his propaganda campaign works with most fans believing his narrative of it being everyone else’s failt when things inevitably go wrong.  

And with tourists now making up an increasing number of matchday attendances ( by design , concession removal the latest step), there will be no more demos.

Potter will need to live up to his namesake’s role as a magician to overcome the toxic presence of Sullivan, who ironically does want success but only if he is seen to be involved which is of course why it will not happen. The ultimate conflict of interest.

Jesus Christ.

[Jean-Luc Paul Goddard]

No one is pushing a PSR narrative. It's just the usual social media halfwits reading things out of context and making 2+2=5.

Whetstone himself said 3 weeks ago that West Ham "have a £157m buffer zone" for PSR. Now he's going on about a £80m loss this summer. According to him that's partly down to the upcoming €40m purchase of Todibo, but he must realise that this cost would almost certainly be spread over the 4-5 years of his contract anyway as all transfers are, so would amount to only about €8m this year. The rest is down to the repayment of a bank loan, but there are constantly loans being paid back and renewed, so it's not all that relevant to this summer and PSR. Perhaps it is to cash flow, but it's probable that they'd renew or take out a new loan anyway if necessary.

And if Whetstone is just being a Sully stooge and under orders to let us know that there's no money to spend, you'd have thought that his midget puppet master would prefer he didn't blame the losses on bad business practices, such as payday type loan deals costing huge interest payments.

[goose]

From memory we’d have to make a loss of something like £140m this year to risk breaching PSR?

could well be that we owe a fuck load on transfer fees this year?

[Manuel]

Yep. And Salthouse, Mackay and Silkman already rubbing their hands as they line up players for Sullivan to buy as “gifts” to his new manager.  

Ashworth wont be coming in. Sullivan has abandoned that new fangled DOF idea as a failure. Not that we had one because Steidten was Tech Director and did mot make all football decisions and had to accept Sullivan overuling him on appointong Lopetegui, accept Lopetegui choices and Sullivan picks for 6 players that came in.

we will drift further and further behind. Potter has raised spirits but ultimately the psychologically disordered owner and chairman will undermine and ruin everything.   He needs to be hounded out but his propaganda campaign works with most fans believing his narrative of it being everyone else’s failt when things inevitably go wrong.  

And with tourists now making up an increasing number of matchday attendances ( by design , concession removal the latest step), there will be no more demos.

Potter will need to live up to his namesake’s role as a magician to overcome the toxic presence of Sullivan, who ironically does want success but only if he is seen to be involved which is of course why it will not happen. The ultimate conflict of interest.

Have you got this weeks lotto numbers too?

[Takashi Miike]

*they*

[Sir Alf]

Yep. And Salthouse, Mackay and Silkman already rubbing their hands as they line up players for Sullivan to buy as “gifts” to his new manager.  

Ashworth wont be coming in. Sullivan has abandoned that new fangled DOF idea as a failure. Not that we had one because Steidten was Tech Director and did mot make all football decisions and had to accept Sullivan overuling him on appointong Lopetegui, accept Lopetegui choices and Sullivan picks for 6 players that came in.

we will drift further and further behind. Potter has raised spirits but ultimately the psychologically disordered owner and chairman will undermine and ruin everything.   He needs to be hounded out but his propaganda campaign works with most fans believing his narrative of it being everyone else’s failt when things inevitably go wrong.  

And with tourists now making up an increasing number of matchday attendances ( by design , concession removal the latest step), there will be no more demos.

Potter will need to live up to his namesake’s role as a magician to overcome the toxic presence of Sullivan, who ironically does want success but only if he is seen to be involved which is of course why it will not happen. The ultimate conflict of interest.

[Takashi Miike]

Not sure how this works when we supposedly put in a bid of £50m+ for Dhuran.

Unless we had no intention of buying him? 

It doesn't work, the take the fans for fools

[scott_d]

Not sure how this works when we supposedly put in a bid of £50m+ for Dhuran.

Unless we had no intention of buying him?