West Ham have today revealed revenue for last season to 31 May 2025 dropped to £227.5m with total losses at £104m
Ticket revenue fell to £39m TV revenue was £132m Commercial grew to £42m while retail dropped to £13.6m Overall wages rose to £176m with Brady’s wages up at £1.472m.
The primary reason for the change from a profit of £57.2m in 2023-2024 to the net loss before tax for the year of £104m is lower profit on sales of players of £20.0m compared to the previous financial year of £96.3m.
Other factors are the decrease in turnover because of the lower [Premier League](https://www.claretandhugh.info/premier-league-bio/) position and no UEL revenue. Broadcasting revenue of £132.4m (2024: £167.0m) this year includes the positional fee awarded for finishing 14th in the Premier League and facility fees for having been selected for eighteen ‘live’ Premier League matches. Last year’s broadcasting income included the income from our UEL games and the recognition of facility income for attracting twenty-one ‘live’ matches and the positional fee for 9th position.
Match income at £39.3m is £5.3m lower this year, due to no UEL games this season. Commercial income, at £42.2m, is higher than last year by £0.3m due to improved partnership income, and pre-season tour income, despite lower corporate income from not hosting UEL matches at the stadium.
Retail income at £13.7m is down £2.5m on last year, a reflection of the lack of participation in European competition and a disappointing Premier League season
The transfer of player registrations completed after 31 May 2025 amount to a net £62,279,000 (inclusive of player related agent fees) payable by the Group over the long and short-term
A further net £7,657,000 (2024: £10,575,000) may become payable contingent on certain future events. A future transfer fee receivable of £12.7m was accelerated without recourse.
The total cash received was £12.0m, after deduction of £0.7m interest charges. The Group renewed its short-term overdraft facility with Barclays Bank on 10 July 2025. The £40.0m facility is in place until 9 July 2026 and is secured by a fixed and floating charge on the assets of the Club.
A new £124.0m term loan facility was provided by Rights and Media Funding Limited on 28 July 2025 for a duration of five years. The total borrowing is secured by a debenture on all the assets of the club and in accordance with an Inter-Creditor agreement with Barclays Bank. At the signing date of West Ham financial statements a total of £89.0m had been drawn down from the facility. The remaining balance of £3.9m of a secured £5.0m loan provided by Barclays Bank on 17 June 2024 was repaid in full on 29 August 2025.
West Ham paid almost £22m in interest last season.
West Ham’s annual amortisation of players has risen significantly from £83m to £99m West Ham Players last year registrations cost £145,437,000 Disposal of players generated £103,304,000 Money owed to other clubs in the next year £110,902,000 Money owed to other clubs in future years £84,944,000