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West Ham are close to relegation. Photo: Reuters . |
On May 17th, West Ham lost 1-3 to Newcastle away from home, bringing them closer to relegation. Currently, "The Hammers" are 18th in the table with 36 points, two points behind Tottenham but with a game in hand.
According to football finance expert Kieran Maguire, relegation could cost West Ham around £100 million in revenue.
Maguire stated that West Ham generated approximately £228 million in revenue last season, with £133 million of that coming from television rights alone. However, upon relegation to the Championship, this revenue could plummet to around £48 million, even with the club receiving relegation support from the Premier League.
Not only are West Ham losing revenue from television rights, but they also face the risk of a significant decline in commercial revenue and ticket sales. According to Maguire, sponsors will be less willing to accept the high prices they charged when the team played in the Premier League, while their appeal to fans has also decreased significantly.
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West Ham could see a significant drop in revenue next season. Photo: Reuters . |
Another issue causing West Ham's management headaches is their enormous wage bill. The average wage for Championship clubs in 2025 is only around £37 million per season, while West Ham's wage bill is more than four times that amount.
According to reports, West Ham players currently earn an average of around £75,000 per week, a figure far exceeding the Championship average. This forces the club to consider cutting staff or selling key players to ease financial pressure.
Maguire also warned of the risk of staff layoffs at the club. The financial expert argued that West Ham would not need to maintain a large-scale media, marketing, and operations team when the Championship does not offer the same international appeal as the Premier League.
Furthermore, the London Stadium, with a capacity of over 62,000 seats, could also become a burden. Rental costs for the stadium were around £4 million in the 2024/25 season, not including significant maintenance and operating expenses.
Amidst growing fan backlash against owner David Sullivan and former vice-chairman Karren Brady, West Ham's decisions this summer are seen as crucial to the club's future.
Source: https://znews.vn/west-ham-doi-dien-khung-hoang-neu-rot-hang-post1652332.html
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