How a billion comes and goes

  • by Staff Writer
  • Thursday, 18th July 2019

West Ham United has earned more than one billion pounds in revenue since the current owners purchased a majority share of the club in 2010.

Figures revealed today by football finances analyst Kieran Maguire show that the club has received the vast sum of money since David Sullivan and David Gold arrived at Upton Park in January of that year, having purchased their shareholding from Straumur.

And as the following graph reveals, bar one season in the Championship (the 2011/12 campaign) the club's revenue has increased each and every season bar 2018, when it suffered a minor dip.

Yet despite that continuous rise in income, the Football Club has only recorded an operating profit on four occasions - only two of which were in excess of ?10million, in 2014 and 2017.

(It should be noted this is not unusual for a Premier League football club.)

Despite promises by the Board that leaving Upton Park for Stratford would allow West Ham to vastly increase the funds set aside for transfers, the net difference on player spending has thus far proven to be negligible, according to Maguire.

Meanwhile, the club have spent in the region of ?65million on Pablo Fornals and Sebastien Haller this summer, although around half of that figure has been offset by the sale of players such as Marko Arnautovic and Edimilson Fenandes.

It is estimated that West Ham have spent in the region of ?32million net on player transfers since the end of the 2018/19 season.

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