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Q: 2020/2021 Where will we finish up this season?
a. Top Four, Champions League here we come
9%
  
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10%
  
c. 8th to 14th anywhere in mid table is about right
31%
  
d. We're in a dog fight before a ball has been kicked and we'll do well to finish 17th or just above
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e. GSB have derailed our season before a ball has been kicked, the Championship beckons
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Alan 2:00 Sat Jan 23
Haller debt sold to American billionaire
C&H

Haller debt sold to American billionaire

West Ham’s remaining debt to Frankfurt from the Sebastian Haller has been sold to a private equity company according to the DailyMail.

The Hammers failed to make a scheduled £5.4m payment due to Eintracht Frankfurt last summer, leading to West Ham being reported to FIFA.

Now the Mail claims the matter was resolved by the German club through selling the debt on to investment company MSD Capital.

Haller joined West Ham for a club-record £45m in 2019 but the fee was to be repaid in instalments.
The tabloid now claims a 75 per cent down-payment was made, with the rest of the money due over the five years of the 26-year-old’s five-year contract at the London Stadium, including a £5.4m payment due last summer.

West Ham exercised their right to pause some of the remaining payments. FIFA then launched an investigation, which was settled by Eintracht selling the debt on to MSD, who will now receive a portion of the £20.2m fee West Ham agreed with Ajax.

The New York-based company founded by computer tycoon Michael Dell of the computer firm fame.

He has become increasingly influential in English football recently by lending money to Southampton, Derby and Sunderland.

The 55-year-old worth over £40 billion recently loaned £90m to an American company to enable the leveraged takeover of Burnley football club.

Replies - Newest Posts First (Show In Chronological Order)

hammer205 8:56 Sat Jan 23
Re: Haller debt sold to American billionaire
Lily Hammer
Any decent debts as a forward? Yes will be a LOAN deal!!🤣🤣😂⚒⚒

Bernie 7:25 Sat Jan 23
Re: Haller debt sold to American billionaire
Personally I hope the are does fall out of it, the money has ruined the enjoyment of the game.

Clubs in the championship are losing £500k A WEEK chasing the riches of the PL. £100m a year in TV money in the PL compared to £7m in the champ.

Westside 3:53 Sat Jan 23
Re: Haller debt sold to American billionaire
I read somewhere recently that the amount we paid for Haller was actually substantially lower than the figures reported at the time.

Almost certainly was.

Haller was signed in July 2019. The actual annual accounts (to May 2020) which would include this transaction, aren't released yet.

The accounts for May 2019, with an audit date of October 2019, have post year end player purchases disclosed as £35.8 million (that's the total cost of players, not instalments paid) with a further £3.4 million if appearances, league targets etc met. Even if those amounts are ALL Haller, it's a little less than the £45 million bandied about.

In the period June - October 2019, we also signed Ajeti and Cardoso, both early August for reported combined £11 million. If the £11 million is in the £35.8 million (and I would say probably is, can't be certain), then Haller cost a lot less.

RBshorty 3:41 Sat Jan 23
Re: Haller debt sold to American billionaire
Bernie. The Premier League better hope Amazon come in with an amazing offer. Because both Sky and BT will be asking for a major lowering on what was paid for in the current deal. The cream already seen the writing on the wall. That’s why they looking for a breakaway.

I.want.that.one 3:31 Sat Jan 23
Re: Haller debt sold to American billionaire
I read somewhere recently that the amount we paid for Haller was actually substantially lower than the figures reported at the time

Lily Hammer 3:20 Sat Jan 23
Re: Haller debt sold to American billionaire
Have they got any decent debts up for sale? One that can play up top, for instance?

Bernie 3:08 Sat Jan 23
Re: Haller debt sold to American billionaire
RBShorty, that only happens if the TV money stops.

Theyve already lost a chunk through China and the French league TV deal has collapsed.

Be interesting to see if anything happens with Sky

GreenStreetPlayer 3:02 Sat Jan 23
Re: Haller debt sold to American billionaire
With our history on ‘deals’ in the past.
What could go wrong!

geoffpikey 2:59 Sat Jan 23
Re: Haller debt sold to American billionaire
Always KNEW big American involvement was on the cards! Oh...

goose 2:55 Sat Jan 23
Re: Haller debt sold to American billionaire
I watched ‘the big short’ the other night which is about the great financial crash in the mid 2000s.
The biggest mistakes ppl make is assuming things will never change.

The football bubble could very well burst soon, and clubs like us would be fucked.

Sven Roeder 2:38 Sat Jan 23
Re: Haller debt sold to American billionaire
including a £5.4m payment due last summer. = a payment that was due presumably at the end of the season. The season continued into July

West Ham exercised their right to pause some of the remaining payments. = West Ham exercised their right to pay under the terms of the contract

FIFA investigated ... and were we ordered to pay? No, because we were in the right
Eintracht had over stretched themselves so factored what they were owed in the future to some rich bloke who gave them a certain amount of pennies in the for it

As said there will be more of this stuff with financial vultures moving into football but our owners are billionaires so should be able to cope.
If not they should sell up. Actually they should just sell up and fuck off

RBshorty 2:17 Sat Jan 23
Re: Haller debt sold to American billionaire
This is just the start. Top end football is finance on a crisis away from armageddon. Club owners are diving for the lifeboats. The arsehole about to drop out of the game.

Lee Trundle 2:06 Sat Jan 23
Re: Haller debt sold to American billionaire
And there's people who still think we're dropping £30m+ on Haller's replacement?

No chance.

Irish Hammer 2:04 Sat Jan 23
Re: Haller debt sold to American billionaire
Dell eh ? Clunky, out of date and about as quick as a lamppost with rickets. Makes sense.





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