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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.

Liam Watson is the Managing Editor at Soccerscene. He reports widely on football policy, industry matters and technology.

Football West to welcome Jamie Harnwell as new CEO

Football West has announced the appointment of Jamie Harnwell as the new Chief Executive Officer of the organisation.

Football West has announced the appointment of Jamie Harnwell as the new Chief Executive Officer of the organisation.

Harnwell will succeed outgoing CEO James Curtis, who is stepping down after spending almost six years in the role.

Harnwell has been involved with Football West for over 12 years, with his most recent position being Chief Football Officer. Prior to that, he had worked as Acting Chief Operating Officer and Head of Development.

Before joining Football West, Harnwell was the captain of A-Leagues club Perth Glory, as well as the record-appearance holder He made 256 appearances for the Glory men’s squad, where in the process he was involved in back-to-back national championships.

Football West Chairman Sherif Andrawes:

“Football West is delighted to announce Jamie Harnwell as our new CEO,” he said.

“Jamie is a real football person, from his days as a star player at Perth Glory to becoming a top coach in both the A-League Women’s and NPLWA – Men’s competitions. He has transferred the drive and dedication needed to succeed on the pitch to his roles at Football West.

“In addition, Jamie also possesses the necessary skills and vision to drive Football West forward as we continue to grow the sport in WA and we move towards the opening of the State Football Centre and the 2023 Women’s World Cup and beyond.

“Jamie has worked closely with James Curtis for a number of years, and in terms of senior management, it is great that he has been able to ‘learn on the job’ and is well placed to lead the team at Football West over what will be an exciting period for our sport in WA.

“Following an extensive nationwide search and the assessment of several excellent candidates, Jamie proved to be the stand-out. We look forward to him leading Football West in the years ahead and continuing the terrific progress achieved under James Curtis.”

Incoming Football West Chief Executive Officer Jamie Harnwell:

“It is exciting to become CEO of Football West and I’m looking forward to the challenge,” he said.

“We are the biggest team sport in the country in terms of participation and we are in a fantastic position. But there is still plenty of potential for further growth, especially here in WA.

“It has been terrific to work with James Curtis and gain invaluable experience, now I am ready to put my own stamp on the position.”

Harnwell will work together with Curtis until the latter departs from Football West on March 31, 2022.

Sky Sports extends rights to NIFL

The Northern Ireland Football League has announced that Sky Sports will be the exclusive broadcaster of Football in the region once again.

The Northern Ireland Football League has announced that Sky Sports will once again be the exclusive broadcaster of top-flight football in the region for the next three years.

The Irish League has had a long-lasting partnership with Sky over the years and the agreement will see the relationship in place until the end of the 2024/25 season.

The new agreement will see four Danske Bank Premiership fixtures and the BetMcLean League Cup final broadcast live across the UK & Ireland each season.

Northern Ireland Football Chief Executive, Gerard Lawlor:

“We sincerely thank Sky Sports for their continued backing of our game and we look forward to showcasing some of the best NI Football League matches together over the next three seasons,” he said.

“To continue to have the invaluable support of such a high-profile broadcaster shows how far our league has progressed in recent years as we bring our game to an increasing audience of loyal fans.

“The NI Football League brand is continuing to grow outside of the confines of Northern Ireland, and through Sky Sports, many football fans are now becoming more familiar with the rich history of our clubs and as well as some of the household names that have played in the Irish League.”

Sky Sports Director of Football, Gary Hughes:

“As a long-term partner to the Northern Ireland Football League, we’re delighted to extend Sky Sports’ support of the league and ensure that its entertaining action continues to be available to our customers,” he said.

“Sky Sports customers will be able to enjoy the Northern Ireland Football league alongside our ever-expanding football offering in the UK & Ireland which includes over 500 live games in 2022, from the Premier League, EFL, Scottish Premiership and FA Women’s Super League as well as international action in the form of World Cup Qualifiers, and this month’s Africa Cup of Nations – placing Sky Sports as the home of live football.”

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