David Sullivan frees up West Ham transfer funds as Companies House update drops
West Ham United fans are understandably eager to see more signings made in the January transfer window.
The 2025-26 season has got off to a pretty dire start, with West Ham’s 2-0 loss to Arsenal last time out leaving them second-bottom of the Premier League.
West Ham host Brentford in their return to top-flight action on Monday, knowing that points are quite simply needed.
Moving forward, January presents a chance to strengthen the squad, with West Ham being linked to Valentin Castellanos and a number of other players.
And it may be that some funds have just been freed up for West Ham ahead of the transfer window reopening in a little over two months’ time.
West Ham settle various debts
David Sullivan is not exactly universally loved at the London Stadium, with West Ham fans starved of much to be cheerful of since lifting the Europa Conference League.
Indeed, West Ham fans will protest against Sullivan in front of the Sky Sports cameras when Brentford travel to East London on Monday.
However, in the lead up to the game, Sullivan and West Ham have settled various debts which – on the face of it – strengthens the Irons’ financial position.
As per Sean Whetstone on X, West Ham filed four documents with Companies House last week showing they have settled four separate loans with Barclays Bank.
It is said that three of these relate to agreements from August 2023 and the other from July 2024.
The nature of these agreements are complicated, but ultimately those transactions have now been settled in full.
What this means, hopefully, is that West Ham are now financially stable enough to consider splashing out on a player or two in the New Year.
West Ham’s PSR situation
West Ham also have to abide by PSR, of course, which limits clubs to losses of up to £105million over a three-year rolling period when in the Premier League.
This does not only include transfer fees and wages, but also compensation fees paid to sack Julen Lopetegui and more recently Graham Potter.
- West Ham have paid compensation fees to Lopetegui and Potter already this year
- Potter is reported to have been paid around £5m in compo following his exit
- Lopetegui is said to have been given around £3m when sacked in January
Potter simply had to be sacked by West Ham, but that financial hit will be felt for a while longer yet.
That means West Ham have little wriggle room if they are to avoid breaching these rules, so it may be that a player must first be sold before another arrives.
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