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West Ham United: Losses revealed despite success on pitch

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West Ham United are set to make a loss for the 2021-22 campaign despite finishing seventh in the Premier League and reaching the Europa League semi-finals.

Co-owner Daniel Kretinsky is reportedly concerned at the losses, given the increased revenue from the Europa League run.

Despite recording an increase in revenue, the spending on transfers and rise in wage bill have meant that the club are operating at a loss, and Kretinsky reportedly does not want to purchase any more shares in the club at this point.

Football Insider have revealed that the club revenue will surpass the £193m record set in 2018/19, the final season before the pandemic, but the club are in the negative overall.

“West Ham co-owner Daniel Kretinsky is believed to be uneasy that the club failed to record an operating profit in 2021-22 despite having had one of its best-ever seasons on the pitch,” they revealed.

“A source close to Kretinsky has now told this site that West Ham are due to record an operating loss in the low eight-figure bracket for a campaign that saw them finish 7th in the Premier League and reach the semi-finals of the Europa League.

“Their soaring income has not translated to an overall profit, although the results are stronger than the £27m and £65m losses the club recorded in the pandemic-struck 2019-20 and 2020-21 seasons.”

TIF thoughts on West Ham…

Given that they are operating under what is believed to be a low loss, there shouldn’t be too much concern about the club’s finances, as they have improved from the previous seasons.

However, with West Ham dangerously close to the relegation zone, there may be some concern amongst the ownership. Going down would cause a huge dent in revenue, especially given that West Ham have enjoyed European revenue for the last two seasons.

The club spent substantially this summer to bring in the likes of Gianluca Scamacca and Lucas Paqueta, but these have not translated into results and David Moyes is finding himself under increasing pressure.

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