Kieran Maguire makes transfer claim as West Ham bank £14.5m 'cash' windfall
West Ham are looking to “smooth out cash flows” and have been handed a £14.5million “physical cash” windfall to help do exactly that.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively about the Hammers’ deal with Macquarie Bank.
BBC Sport reported on 25th June that Macquarie had agreed to pay West Ham the remaining £14.5m owed by Ajax for the transfer of Sebastien Haller.
The sum, which was part of the £20.25m deal which took Haller to Ajax in January, had originally been scheduled to be paid in instalments.
Maguire claimed that, while the money could theoretically be used for transfers, it is more likely to go towards paying wages over the summer.
He told Football Insider correspondent Adam Williams: “I think this is more to do with smoothing out cash flows as far as West Ham are concerned.
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“Over the course of the summer, there’s no income coming in, so you need this kind of physical cash to pay the wages.
“Yes, you can also maybe put some of that into the transfer pot, but it’s more to do with cash management than trying to increase the overall budget.
“I think what they are more interested in is ensuring wages are taken care of.”
Haller signed for West Ham from Eintracht Frankfurt in a club-record £45m in July 2019.
He scored 14 times in 54 appearances for the club and has netted one less goal in 23 appearances for Ajax.