Financial Hardship Fund

West Ham’s financial accounts were released a few days ago and the reveal was a sore sight to any eyes that dared to delve into the document.

The financial accounts revealed that the Hammers have endured a £104.2m loss this season, one of the biggest the club has faced in the past decade and a half. To make matters worse, the Hammers also have their line of credit as high as possible, with that goal reaching £164m as we speak, subsequently further troubling the Hammers, as £22m was paid as interest last year… interest! - Three billionaires jointly own the club and interest is having to be paid due to the lack of investment, it’s an extremely concerning.

To make matters worse? Transfer fees. The commonly known phrase, “buy low and sell high” doesn’t appear to ring any bells when it comes to business for the Hammers and unsurprisingly, due to the numerous amounts of miserable investments, £110.9m is owed to other clubs next year, with a further £84.9m in others, which is exactly why the board has communicated and suggested that a ‘liquidity shortfall’ is required next window.

What does that mean without all the technical terms? It’ll be a window of a lot of selling, removing the wage bill, buying players at extremely low fees, and hoping that with a clean slate next season, the goals set can be achieved.

Taking the overwhelming alarming financial status of the club, the board have spoken about the factors of what could happen if West Ham were to stay up or go down, to which they have concluded in overcomplicated technical terms that no ordinary human can compute, is that if West Ham stay up, some selling of ‘star assets’ and little to no buying could get the Hammers over the line, whereas if the unfortunate happens, the sale of the majority of the squad would be inevitable and youth players along with a select few of senior players would have to perform wonders in the Championship… simply unbelievable!

The Hammers' situation is simply due to poor management and could prove costly come the end of the season… though the truth is that this is a much bigger situation than just what’’s in store for the immediate future of the club, but the distant future is the worry of true concern due to the fact whether safety or relegation occurs, it places the Hammers in a world of freefall.

After the financial accounts, safety is more crucial than ever, but survival is only one part of this everlasting debt. - LN