Alan 1:55 Wed Aug 20
Hammers wage bill is near maximum limit (according to Hughie)
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Hammers Wage bill is near maximum limit
Sources close to West Ham have revealed to ClaretandHugh that the players annual wage bill has reached £57m this summer leaving just £1m in wages before this season's Premier League Financial Fair Play limit is reached. West Ham are unlikely to have increased retail or commercial income last season after a bumper season before so £58m is likely to be the upper limit this season to comply within the rules.
The release of Joe Cole, Jack Collison, Alou Diarra and George McCartney released around £7m off the wage bill while the end of loans for Roger Johnson, Pablo Armero, Antonio Nocerino and Marco Borriello is thought to have released the equivalent of another £3m off the wage bill.
The seven new Hammers signings have added a combined weekly wage including employers national insurance of around £244,000 adding over £12.4m to wage bill.
Although the Financial Fair Play limit was £54m last season West Ham actually had more than £61m available after Commercial revenue rose from £7.9m to £13.9m and retail sales were up from £4.8m to £6m in our first season back in the Premier League. Under Premier League FFP rules this extra commercial revenue gave the club another £7.2m to spend last season if they wanted to.
The remaining £1m this season could be used as £19k per week or £38k per week as part of a six month loan, any outbound players sold would also release further wages from the wage limit.
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Replies - In Chronological Order ( Show Newest Messages First)
Mr Kenzo
1:56 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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Get rid of Nolan, problem sorted
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Aberdeen Iron
1:59 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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Are we the only club that seems to get media attention over this rule?
Manchester City broke it last season didnt they, what happened to them?
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Bernie
2:00 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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If this is true we won't be getting Richards
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SullyHammer
2:01 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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Come the end of the season that should be reduced dramatically with Cole and erm what's his name leaving...Sam?
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FatSamsArmy
2:14 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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What about QPR? I thought they were in trouble from last season.
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violator
2:16 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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Fuck em, if PSG and Barca can flaunt it then who gives a cunt what UEFA say
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Joe C
2:18 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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Yeah, we'll just have a smaller Champions League squad as that seems to be the sollution
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goose
2:20 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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getting their excuses in nice and early i see!!
to be fair, if we get richards that would be a very good summer of business.
i'm sure the likes of maiga will be shipped out soon.
wouldnt be surprised to see RVT go as well.
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colinos
2:30 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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How many times has it got to be said on here that Southon knows FUCK ALL about what is actualyl going on inside the club?
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Stevethehammer
2:34 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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FFP is the biggest load of Bollocks anyways, it's just a way of stopping the smaller clubs from over spending to try and create a level playing whilst allowing the bigger clubs to spunk Russian and Arab money like there's no tomorrow.
We might aswell over spend by 5-6 million and take the slap on the wrist. Then again DG was a massive supporter of it and no doubt his intentions were good but you cannot justify sky high prices and not make some real moves in the transfer market.
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Vexed
2:38 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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FFP is like the West stocking up on nukes and then stopping the rest of the world doing the same. Bit annoying if you're not in the West.
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⚒
2:55 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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Man City broke the FFP rules. They are fined £50 million and punished by reducing a European squad from 25 to 21.
They still take a title and the prize winnings from the Premiership (They earned £96 million out of that), as well as the prize money for a Champions League place (£30-40 million), and the revenues that comes with it for matches etc.
We're not in Europe, we can't get thrown out of it, even if you do break the rules, your european position is still intact.
If I were them I'd break the rules and take the hit.
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Leigh Jim
2:57 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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why on earth does anyone believe what that old drunk types?????
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penners28
3:01 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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whenever I see an article from him i literally stop reading
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Leigh Jim
3:18 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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surely its just entertainment for the TwitMongs
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Darby_
3:22 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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#ignoreISISandHUGH
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Willtell
4:33 Wed Aug 20
Re: Hammers Wage bill is near maximum limit (according to Hughie)
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⚒ 2:55 Wed Aug 20
"If I were them I'd break the rules and take the hit."
I think that is EUFA FFP rules. The Premiership also operate FFP under different rules. Where is hammer 74 on the one occasion he could be useful...
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I.want.that.one
4:46 Wed Aug 20
Re: Hammers wage bill is near maximum limit (according to Hughie)
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Willtell
Premiership? Really?
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claret on my shirt
5:10 Wed Aug 20
Re: Hammers wage bill is near maximum limit (according to Hughie)
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he talks shit
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⚒
5:22 Wed Aug 20
Re: Hammers wage bill is near maximum limit (according to Hughie)
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http://www.financialfairplay.co.uk/financial-fair-play-explained.php
Both PL and UEFA
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