Interesting to read that the debt has supposedly shrunk to just £80million. Now whilst I wouldn't like that sort of mortgage on the family home, you have to wonder how big of a problem it is to a club like West Ham when, in a recession and with the team struggling abysmally on the pitch, it is still possible to wipe £30million off the debt mountain in just 12 months!
Now, we haven't sold anybody for a significant sum over that period. Behrami, Diamanti and Daprella haven't yielded more than £6million between them. Meanwhile, fees have been paid to bring in McBenni, Piquionne, Reid, Barerra and Jacobsen, plus loan fees for Ben Haim, Obinna and Bridge. I suspect money in and out have roughly balanced each other out so far.
The wage bill is also due to fall next year. Dyer will be off the payroll and so will Upson. That's £140k a week or £7,280,000 a year!
So, if we can survive in the Prem, it will only take three years at this rate to clear all debt. Financial Armageddon? Were the Davids selling us a line by any chance?
Perish the thought!