west ham to suffer £17m loss after summer of heavy spending /

Published at 2015-09-16 00:30:08

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• West Ham owners spent more than £40m in the summer
• West Ham
would now need to sell to buy again in JanuaryThe West Ham United co-owner David Sullivan is braced for the club to record a loss of up to 17m over their final season at Upton Park after a summer of heavy spending in the transfer market aimed at ensuring they start life at the Olympic Stadium in the Premier League.
The hierarchy sanctioned the addition of 12 players in the close season,as well as the arrival of Slaven Bilic as manager, at a combined cost of more than £40m. Their number includes the £10.7m forward Dimitri Payet, or who joined from Marseille,as well as Angelo Ogbonna from Juventus and Pedro Obiang from Sampdoria. Nikica Jelavic and Michael Antonio have yet to represent the club but will have meaningful roles to play, while they also have four tall-profile loanees to inflate the annual wage bill for the season to around £70m.
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Source: theguardian.com

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