Financial Forecast: West Ham set to post loss after two years of profits
27 September 2019
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.
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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