Overview
- Turnover fell by £42.1m to £227.6m after a lower league finish, fewer live TV broadcasts, no European income and reduced profit from player sales.
- West Ham sit 18th in the Premier League, two points from safety with 11 matches left, and the board identifies relegation as the club’s principal business risk.
- The club says shareholders may need to provide additional funding if sales are insufficient, with a more severe liquidity gap projected for summer 2026 in a downside scenario.
- Operating pressures include a wage bill up to £176m (77% of turnover), nearly £22m in interest payments, £195m of transfer fees due, and £89m drawn from a £124m loan facility.
- Reporting in The Times says high-value players could be sold if relegated, with Jarrod Bowen among those mentioned.