West Ham record UK£28.8 million loss for 2018/19

English Premier League side West Ham United have posted a pre-tax loss of UK£28.2 million (AU$54.5 million) for the year ending 31st May 2019.

The Hammers’ turnover climbed from UK£175 million (AU$338.3 million) to UK£190.7 million (AU$368.3 million) last season – of that amount, UK£127 million (AU$245.3 million) came from broadcasting and a further UK£27 million (AU$52.1 million) from match days.

However, this was offset by the wage bill rising by almost UK£30 million (AU$57.9 million) to UK£135.8 million (AU$262.3 million). This took the Hammers’ wages-to-turnover ratio to 71 per cent, a year-on-year jump of ten per cent.

The club also invested heavily in the playing squad, spending UK£107.9 million (AU$208.4 million) on signings. UK£4 million (AU$7.7 million) was also spent on improving their Rush Green training ground and a further UK£600,000 (AU$1.2 million) on their women’s team, which now competes in the top-flight Women’s Super League (WSL).

Vice Chairman Karren Brady’s salary rose by nearly UK£250,000 (AU$482,825) to UK£1.14 million (AU$2.2 million), while co-owners, David Sullivan and David Gold, were paid a combined UK£1.9 million (AU$3.7 million) as interest on their loans to the club of UK£45 million (AU$86.9 million). A total of UK£1 million (AU$1.9 million) was also paid to them in partial repayment of their loans.

West Ham made UK£26.9 million (AU$52 million) in 2015/16, their final season at the Boleyn Ground before moving to their current home of Olympic Stadium which seats 60,000 people. That increased to UK£28.6 million (AU$55.2 million) in 2016/17 but fell to UK£24.5 million (AU$47.3 million) for 2017/18.

Despite the substantial outlay on wages and signings, the club have slipped to 18th in the Premier League, joining Watford and Norwich City in the relegation zone.

‘Retention of our status in 2019/20 season is an absolute necessity for the future wellbeing of the club,’ said West Ham in their accounts, adding there will be ‘serious financial consequences’ should they be relegated into the Championship.

A 3-3 draw with Brighton means the Hammers are still without a league win since thumping Bournemouth 4-0 a month ago, but West Ham are only two wins away from 14th-placed Crystal Palace.

With 25 rounds played, there’s still time for West Ham to turn around their form.

Previous ArticleNext Article

The Man Who Built a Women’s Football Program from Nothing is now an Award-Winning Gender Equity Leader

Eight years ago, Spring Hills Football Club did not have a girls’ team. Today it has one of the most recognised women’s programs in Melbourne’s west, a senior NPLW side, and a head coach who has just been named Gender Equity Leader of the Year at the Melton City Council Volunteer Achievement Awards.

Tom Markovski, Spring Hills’ NPLW Head Coach, received the award at a ceremony coinciding with National Volunteer Week, recognised for his community leadership, promotion of gender equality and commitment to advancing the status of women and people of all genders in sport. The recognition comes from outside the football community entirely, awarded by a local council celebrating volunteers across every sector of civic life in one of Melbourne’s fastest-growing regions.

Building from scratch

When Markovski arrived at Spring Hills, women’s football at the club did not exist. His first act was to champion the establishment of the club’s first all-girls team, a process that required persuading a club culture built around men’s football that the investment was worth making.

Women’s football in community clubs has historically struggled to access the same facilities, scheduling priority, coaching resources and institutional support as the men’s game. Clubs have been slow to invest in programs whose return is less immediately visible than a senior men’s premiership, and in a growing outer-suburban community like Melton, where volunteer capacity is finite and demand across every program is high, the case for building something new always has to compete with the urgency of maintaining what already exists.

Markovski made the case anyway, and kept making it across eight years of coaching senior and junior NPL teams while simultaneously building the structural foundations of a women’s program designed to outlast any individual’s involvement. The club’s first all-girls team became multiple junior girls teams. Those junior teams created the pipeline for a senior women’s side. The senior women’s side created visible pathways for younger players to see where the game could take them within their own club.

The outcome is a program that Spring Hills now holds up as central to its identity rather than supplementary to it. The club has become a leader in female participation in Melbourne’s west, and recently made history within the NPLW Victoria structure by fielding junior teams coached entirely by female coaches, a milestone that reflects the depth of the program Markovski helped build.

What the Award Recognises

The Melton City Council’s decision to name Markovski its Gender Equity Leader of the Year places his work in a frame that extends beyond football. Melton is one of the fastest-growing local government areas in Australia, a diverse and rapidly expanding community where the institutions that bring people together, like schools, councils, sporting clubs, carry an outsized responsibility for social cohesion.

Mayor Cr. Lara Carli, speaking at the awards ceremony, reflected on the role volunteers play in communities like Melton’s. “Volunteering creates friendships, strengthens communities and builds a sense of belonging,” she said. “It helps people feel connected, supported and valued, and those things are more important than ever in a growing and diverse community like ours.”

For the girls now playing football at Spring Hills who were not playing anywhere eight years ago, Markovski’s contribution is not abstract. It is the specific and concrete fact of having somewhere to play, someone to coach them, and a pathway that leads somewhere.

Aussie partners with two A-League clubs in cross-state alliance

Australia’s largest retail mortgage broker will team up with Melbourne Victory and Western Sydney Wanderers, representing Aussie’s commitment to supporting and connecting people through football.

 

Opposing teams, United partners

The alliance between Aussie, Melbourne Victory and Western Sydney Wanderers reflects a unique approach to investing in Australia’s football landscape.

It encompasses both communities and supporters across Melbourne and Sydney, with Aussie’s presence in both cities now firmly embedded into local, grassroots networks.

“We’re excited about this partnership because it represents much more than a traditional sponsorship,” explained Aussie National Manager, Strategic Partnerships, Ryan Ferguson via press release.

“It’s about connection, community, and being part of something that reaches people in a meaningful and authentic way.”

Both Melbourne Victory and Western Sydney Wanderers also commented on the unique nature of the partnership.

“The joint venture is a game-changer in how brands and sports teams can collaborate beyond the traditional instruments of a partnership and stands apart from the existing relationships in our sporting landscape for the betterment of our stakeholders,” said Melbourne Victory Managing Director, Caroline Carnegie.

“For the first time, two iconic clubs are coming together in a joint-venture sponsorship that delivers unmatched reach, community impact and business innovation,” added Western Sydney Wanderers CEO, Scott Hudson.

 

National stage, local commitment

As Australians grapple with soaring property prices and financial uncertainty, having access to a platform like Aussie is immensely valuable.

So now that Aussie will begins its venture alongside Melbourne Victory and Western Sydney Wanderers – two clubs with extensive fanbases – it now has the means to make real, local impact.

Two major cities. Two footballing identities. All aligned under the same vision for community reach, growth and innovation.

“Aussie is a national brand, but at our heart, we are built on local relationships,” continued Ferguson.

“Every day, our brokers are working with customers in their communities, helping them navigate the journey of finding, buying and owning their own home. That’s why this partnership feels like such a natural fit.”

Ultimately, while the alliance will build on the business and community networks of the two A-League outfits, the impact will extend far beyond the boundaries of the pitch.

Most Popular Topics

Editor Picks

Send this to a friend