David Sullivan
(Credit: Imago and Getty Images)
Jack Dawson
Thu 14 August 2025 16:45, UK
West Ham’s issues with finances have been dominant throughout the summer transfer window.
West Ham have had PSR concerns, which have no doubt affected their transfer activity.
On top of this, David Sullivan had reportedly lost £50million of his wealth in 12 months in May.
Now, West Ham have taken measures to bring more money into the London club ahead of the new 2025/26 campaign.
West Ham owner David Sullivan.
David Sullivan is a controversial figure at West Ham (Credit: Imago)
West Ham borrow from Rights and Media Funding Limited
Elsewhere in the Premier League, there have been plenty of clubs who have had issues with their finances.
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West Ham were hoping to swoop for Jacob Ramsey from Aston Villa earlier in the window, given their PSR fears.
Another side who had also struggled was Everton, who experienced a two-point deduction in the 2023/24 campaign.
Everton picked up a six point and two point deduction in the 2023/24 campaign
This resulted in serious relegation concerns from the Premier League
The Merseyside club also had a significant debt with Rights and Media Funding Limited, with Kieren Maguire now highlighting via X on 14 August that West Ham have now borrowed from the company.
This is despite the lenders having no employees, hardly any assets apart from loans to companies and which owes about £290m itself to creditors.
West Ham borrow from Rights and Media Funding Limited, a company with no employees, hardly any assets apart from loans to companies and which owes about £290m itself to creditors.
I asked Peter Andre what he thought of this and he said “That’s more mysterious than the… pic.twitter.com/OBaP2sIFAv
— Kieran Maguire (@KieranMaguire) August 14, 2025
View Tweet
West Ham’s ties with Rights and Media Funding Limited will be a disaster
Given what happened with Everton, there will be little confidence from the London Stadium faithful that this is good news.
A report from The Guardian on 12 April 2024 suggested that the Toffees accumulated a £225m debt with the company.
This cannot be allowed to happen at West Ham. Given the current state of the squad on the pitch, financial turmoil could easily cause a drop into the Championship in the near future.
Hopefully, Sullivan has a plan in place on how to pay the money back quickly and with minimal interest, or the situation could spiral out of his control.
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