By Kieran Maguire

8th Jan, 2022 | 5:00pm

Kieran Maguire reveals how West Ham 'doubled' their money after £163m confirmed news

West Ham have almost doubled their broadcast revenue over the course of the last financial year.

That is according to finance guru Kieran Maguire, speaking exclusively to Football Insider about the Hammers recently-released annual report.

The Hammers submitted documents to Companies House on Tuesday (4 January) that detailed a £26.9m annual loss for the year ending May 2021.

But their revenue rose by 38 per cent to £193m across the same period despite the notable handicap of the pandemic.

One of the headline figures on the balance sheet was the £163m the club earned from broadcast fees and central sponsorship.

Maguire explains how the Irons have earned nearly two times more in TV cash than they did over the previous financial year.

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“The results are as good as can be expected,” he told Football Insider‘s Adam Williams.

“It’s difficult to get a proper handle for all the Premier League clubs who are releasing their results, but the broadcast income is key.

“That’s because in the financial year, most clubs have played around 44 games from 1 June to 31 May because the 2019-20 season was curtailed.

“Broadcast revenue doubled because of the things I’ve mentioned. Matchday was almost non-existent because games took place behind closed doors.

“The club will be a little disappointed with a 15 per cent fall in commercial revenue, but that’s because fans can’t get to games and buy merchandise.

“They do have decent cost control because we have seen wages at other clubs rise significantly, whereas West Ham’s only went up by a couple of million.

“Net spend on players was negative £3m, though that will have been reset after the signings they have made since.”

The Hammers’ next set of accounts will be boosted by the income associated with European football.

David Moyes’ side finished 6th in the league last term and are currently perched in 5th place after 20 matches in 2021-22.

In other news, Jesse Lingard tipped by pundit to snub rival offers and sign for West Ham after update.