West Ham on track to smash club record by £115m – sources
West Ham are on track to generate over £350million of revenue across the 2023-24 accounting period, sources have told Football Insider.
It will mark a new club record for the Hammers and mark a huge increase from their £237million turnover in the 2022-23 season.
The Londoners are set to profit from another successful European campaign while the sale of Declan Rice to Arsenal over the summer will also provide a huge boost.
Arsenal paid a fee of £105million to sign the England international back in July.
Because Rice rose through the ranks of West Ham’s academy system, his sale in the summer represents pure profits to the club’s PSR calculations.
West Ham expected to announce record-breaking £350m boost
Current Profit and Sustainability Rules state that top-flight clubs can lose a maximum of £105million over a rolling three-year period.
After a net loss of £18.3million in their 2022-23 accounts, West Ham are set to bank a significant profit this year which will subsequently inflate their transfer budget.
David Moyes’ side also reached the quarter-finals of the Europa League this year and prize money for winning the Europa Conference League last season will also be included in their 2023-24 figures.
Overall, Football Insider calculates that the Hammers are on track to generate £350million of revenue, which would rank them seventh in the Premier League.
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