West Ham Online

Gank wrote: ↑27 Jun 2025, 14:00 El Scorchio, I think you're right about sales to make the PSR picture improve, but that's selling our best players to balance the books, getting relegated and having to sell the rest to balance the books again.

Keep your best players and you don't need to sell anyone. Do that regularly and you don't even need a transfer budget.

Of course, we're light years away from that but I still don't think indiscriminate sales fixes anything at all.

stubbo wrote: ↑27 Jun 2025, 09:14

Keep dreaming" wrote: ↑27 Jun 2025, 07:08 Since I knew little of this, I asked AI if West Ham United was closed to facing PSR issues in 2025.

Here is the answer:


Based on recent reports and their published financial results for the 2023/24 season, West Ham United appears to be in a relatively strong position regarding PSR compliance for the current (2024/25) and upcoming (2025/26) financial years.

Here's why:
 * Significant Profit in 2023/24: West Ham posted a record £57 million pre-tax profit for the 2023/24 financial year. This was largely driven by the £105 million sale of Declan Rice to Arsenal, which provided a substantial boost to their financial figures. This profit significantly offsets any prior losses and creates a comfortable buffer.

 * Three-Year Rolling Profit: Reports indicate that West Ham's three-year rolling profit (before allowable deductions) for the period ending May 31, 2024, was £51 million, comfortably below the Premier League's maximum allowable loss of £105 million over a three-year period.

 * Debt Free: The club successfully cleared all outstanding debts, including a £55 million loan, in the 2023/24 season. This indicates a healthy financial footing.

 * Strategic Player Sales: The sale of a high-value academy product like Declan Rice is a prime example of how clubs can generate "pure profit" for PSR purposes, as the player had no amortized cost on the books. This type of sale is crucial for many clubs to stay compliant.
However, there are nuances and future considerations:

 * Reliance on Player Sales: While the Declan Rice sale provided a huge advantage, it's a one-off event of that magnitude. Future PSR compliance will depend on continued strong revenue generation and/or further profitable player sales.

 * "Sell to Buy" Narrative: Despite their healthy PSR position, there has been a recurring narrative (especially from the club's board, according to some sources) that West Ham needs to sell players before they can buy, or that new manager Graham Potter will only have 75% of sales money to reinvest. This might be more related to cash flow management or a conservative transfer strategy rather than immediate PSR pressure.

 * Amortization and Wage Costs: While their overall financial picture is good, West Ham's operating expenses and wage bill have increased. They need to manage these costs effectively to avoid future issues, especially if European qualification is not consistently achieved.

 * Future Sales and Lucas Paqueta: There has been speculation about the potential sale of players like Mohammed Kudus and Lucas Paqueta to generate further transfer funds. Paqueta's ongoing legal situation regarding alleged betting breaches could impact his transfer value or even lead to a ban, which would affect any potential sale and the club's financial plans.
In conclusion, West Ham United is currently in a good position regarding PSR, primarily thanks to the profitable sale of Declan Rice. While they need to continue to manage their finances prudently, they are not immediately "close to facing PSR issues" in 2025 based on their latest published accounts. The discussions around "sell to buy" seem to be more about transfer strategy and cash management for future windows rather than a desperate need to avoid immediate PSR breaches.


 

My very basic understanding is we're good currently, but fucked once the Rice sale disappears from the 3 year rolling period (next year).

John Drake" wrote: ↑27 Jun 2025, 08:54 Reported in the Mirror but based on Transfermkt data ranks West Ham 14th in Premier League squad values. So much spent, so little to show for it

https://www.mirror.co.uk/sport/football ... s-35445965

Keep dreaming" wrote: ↑27 Jun 2025, 07:08 Since I knew little of this, I asked AI if West Ham United was closed to facing PSR issues in 2025.

Here is the answer:


Based on recent reports and their published financial results for the 2023/24 season, West Ham United appears to be in a relatively strong position regarding PSR compliance for the current (2024/25) and upcoming (2025/26) financial years.

Here's why:
 * Significant Profit in 2023/24: West Ham posted a record £57 million pre-tax profit for the 2023/24 financial year. This was largely driven by the £105 million sale of Declan Rice to Arsenal, which provided a substantial boost to their financial figures. This profit significantly offsets any prior losses and creates a comfortable buffer.

 * Three-Year Rolling Profit: Reports indicate that West Ham's three-year rolling profit (before allowable deductions) for the period ending May 31, 2024, was £51 million, comfortably below the Premier League's maximum allowable loss of £105 million over a three-year period.

 * Debt Free: The club successfully cleared all outstanding debts, including a £55 million loan, in the 2023/24 season. This indicates a healthy financial footing.

 * Strategic Player Sales: The sale of a high-value academy product like Declan Rice is a prime example of how clubs can generate "pure profit" for PSR purposes, as the player had no amortized cost on the books. This type of sale is crucial for many clubs to stay compliant.
However, there are nuances and future considerations:

 * Reliance on Player Sales: While the Declan Rice sale provided a huge advantage, it's a one-off event of that magnitude. Future PSR compliance will depend on continued strong revenue generation and/or further profitable player sales.

 * "Sell to Buy" Narrative: Despite their healthy PSR position, there has been a recurring narrative (especially from the club's board, according to some sources) that West Ham needs to sell players before they can buy, or that new manager Graham Potter will only have 75% of sales money to reinvest. This might be more related to cash flow management or a conservative transfer strategy rather than immediate PSR pressure.

 * Amortization and Wage Costs: While their overall financial picture is good, West Ham's operating expenses and wage bill have increased. They need to manage these costs effectively to avoid future issues, especially if European qualification is not consistently achieved.

 * Future Sales and Lucas Paqueta: There has been speculation about the potential sale of players like Mohammed Kudus and Lucas Paqueta to generate further transfer funds. Paqueta's ongoing legal situation regarding alleged betting breaches could impact his transfer value or even lead to a ban, which would affect any potential sale and the club's financial plans.
In conclusion, West Ham United is currently in a good position regarding PSR, primarily thanks to the profitable sale of Declan Rice. While they need to continue to manage their finances prudently, they are not immediately "close to facing PSR issues" in 2025 based on their latest published accounts. The discussions around "sell to buy" seem to be more about transfer strategy and cash management for future windows rather than a desperate need to avoid immediate PSR breaches.