Financial Forecast: West Ham set to post loss after two years of profits

27 September 2019

West Ham Sullivan Gold
Photo: Getty Images Massive investment in the squad impacts West Ham's amortisations heavily and without having profits on player sales the owners David Sullivan and David Gold must accept a loss in the 2018/19 annual accounts.

West Ham are expected to report a pre-tax loss in 2018/19, despite increasing turnover by £9 million. This increase, however, is more than offset by the expected increase in player wages alone, amounting to £10 million.

Here are West Ham's 2018/19 finances predicted.

Mads Christian Fogt Jensen, analyst mj@offthepitch.com

Following two years with reasonable profits, West Ham are expected to incur a pre-tax loss in 2018/19. The profits were already on their way down in 2017/18 with a reported operating loss of £8 million compared to an operating profit of £20 million in 2016/17. 

An £8 million decrease in turnover together with a £12 million increase in wages were key drivers of this development, but with profits from player sales amounting to £30 million, West Ham managed to report a profit of £18 million in 2017/18. 

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