West Ham Reveal £104.2m Loss and Warn Player Sales Needed Even if Relegation Avoided

West Ham United have announced a £104.2m loss for the year ending 31 May 2025 and warned that player sales will be required this summer even if they remain in the Premier League.

The latest accounts mark a sharp downturn from the £57.2m profit recorded in 2023-24.

Turnover fell by £42.1m to £227.6m, which the club attributed to a lower league finish, fewer live television selections, the absence of European competition and reduced profits from player trading.

The financial report outlines a projected cash shortfall this summer under both standard forecasts and what the board described as a “severe but plausible scenario” of relegation to the Championship.

West Ham currently sit 18th in the Premier League table, two points behind 17th-placed Nottingham Forest with 11 matches remaining.

In a board report to shareholders, the club stated: “Under both the base case and severe but plausible case forecasts, mitigating actions are required in order to have sufficient liquidity for the Group to meet its liabilities over the going concern period.

“The primary mitigating action within the control of the Group is cash receipts from further player trading.

“Should this not be preferred or sufficient, additional funding from the shareholders would be required.

“In the event the severe but plausible scenario occurs, the Group is also forecasting a liquidity shortfall in summer 2026 to a greater severity.

“Accordingly, more significant mitigating actions would be required such as further player disposals to generate transfer fee income and wage savings, or additional funding from the shareholders, or a combination thereof.”