Kieran Maguire: West Ham could splash out '£71m' on January signings
West Ham could spend up to £71million in January and still comply with financial fair play regulations.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about Daniel Kretinsky’s 27 per cent Irons buyout.
The Czech billionaire’s investment, which The Sun report is worth around £150m, was confirmed by the club on 10 November.
The Hammers’ last set of annual accounts revealed a £65m loss, and £51.2m of that figure was attributed to complications arising from the pandemic.
But only five Premier League teams exceeded West Ham’s transfer spend of close to £70m over the summer.
The East London club recouped less than £3m in player sales over the same period, although four players left the club on free transfers.
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Maguire claims that West Ham fans could theoretically see a similar level of investment in January.
“They have £71m worth of what we might call ‘wiggle room,'” he told Football Insider correspondent Adam Williams.
“That is not particularly high by Premier League standards. But they are in a position that they can feasibly spend, from an FFP perspective that is.
“But there are two other issues at play. Firstly, do they want to spend? David Moyes might be happy with his squad at present.
“Given results on the pitch, you wouldn’t rule that out at the moment. They have been fantastic.
“And secondly, they will have to look at how that spending is going to be funded in practical terms.
“Is it coming from the Kretinsky investment or would they have to be looking for further funding from external sources as well?”