Hammers Massive Expenditure To Continue Funded By HP Not DR

For a club supposedly struggling to generate transfer market funds, certain players have to be sold or released, West Ham United are doing a pretty good job of confounding critics and supporters in equal measure. The impending arrival of Villarreal star Pablo Fornals, one of the hottest young stars in Spain, for a fee of £24 Million has technically wiped out over half of the rumoured transfer kitty.

Spain International 23 year old Fornals’ wages of £60,000 per week are entirely manageable and are in keeping with the new ethos of buying young players quite expensively but on relatively low wages, lowering the average age of the players at the London Stadium is obviously a key desire of both Manuel Pellegrini and Mario Husillos. Fornals will become the second most expensive signing in West Ham’s history, for now!

With all this positive transfer activity one would have expected the two Davids to have at least been on their soapboxes eulogising about how the club is moving to the next level, but thankfully nothing, nada, zilch! Amazing isn't it? We are not sure what dark secrets Pellegrini and the Huse discovered that have enabled them to blackmail the 'Men's Mag Magnates' so effectively but long may it continue.

On a more serious note, how will little old West Ham be able to pay for the 'luxurious' players who are apparently being lined up, what about FFP? The answer is quite simple, and it doesn't involve the board using smoke and mirrors. You see, back in the day the Hammers hierarchy used to take a 'pay day loan' from an offshore company based in Bermuda, as did several Barclays Premier League clubs, but due to rule changes and FFP the use of that facility was banned.

Ironically the removal of the loan facility has benefited West Ham because it forced a change of mind set within the club, instead of paying massive wages for older players with little or no sell on value, the club will pay up for young talent, but not stupidly high wages. This situation is possible because their has been a decision made to 'utilise' the more liberal fiscal tranch facility available when dealing with overseas clubs as opposed to those in the UK, essentially HP but with a different name.

The positive outcome of committing the club to what seems like more debt will be the creation of a pool of players whose value will increase as opposed to the old way of doing things where the players' values would go the opposite way, shrewd investment in young players and the nurturing of the club's youth players is how El Pel and the Huse managed to make lowly Malaga a force while they were there, and there is no reason why they cannot repeat that achievement at Stratford.

Finally, fans should be reassured that by using HP, the club can avoid having to sell DR, Declan Rice! - Ed