West Ham are a 'considerable concern' amid David Sullivan's 'strange' business dealings

West Ham's relegation has brought plenty of financial worries for the Irons.

Early reports in England suggested that the Hammers needed to bring in £150million worth of player sales to be in a stable position.

However, shareholder Daniel Kretinsky later stated that it was not the case and they were looking to keep hold of their top players.

The Czech businessman insisted they were looking to provide Nuno Espirito Santo with the best foundation for instant promotion.

It was a comment that certainly brought some relief at London Stadium.

But now, a reveal from financial expert Kieran Maguire, involving David Sullivan may cause more worry in E20 despite Kretinsky's best attempts at downplaying the situation.

How much money do West Ham lose per year?

West Ham are not quite as stable financially as supporters would hope.

Football is often a loss-making business, and West Ham are right amongst that on quite a high-scale.

Speaking on the The Room Where It Happened podcast, Maguire has shared why there should be worry in E20 and how much the Hammers are expected to lose from the 2025-2026 season.

He stated: "West Ham are a considerable concern because if you take a look at their accounts for season 24-25, they lost over £100 million, and this was in a normal season. So something's not quite right. That's likely to be repeated or close to being repeated in season 25-26."

"The money that the club generates, that's going to fall probably between £80-100 million in its own right. So we've got all of these issues. Will some players have relegation clauses? Yes, but not all players."

"But some players will have relegation clauses, so it will help to impact that blow. Even so, the numbers look really grim from West Ham's point of view. So therefore, how are they going to get money?"

The financial expert then went on to describe how the Irons could begin to claw back some of those losses with player sales one of the main factors.

However, he also shared business deals that Sullivan has made over the past year which contribute to the Irons financial woes.

Maguire said: "First of all, player sales. I hate to use this phrase. West Ham have some very good inventory. So Fernandes, Bowen, Summerville, those players, I think they'll be able to generate money from, from those disposals."

"Secondly, West Ham have borrowed money. They've borrowed money from strange companies. The traditional banks don't like lending to football clubs.

"Why would you if you're a bank manager to a loss-making business in the first place? And also a loss-making business where if you're the bank manager and you call in the loan, well, 30-40% of your customers are fans of West Ham.

"They can say, well, I'm going to take my business to bank X, bank Y. So traditional banks are a bit reluctant. And also, you've got interest charges on those loans."

How much do West Ham want for all three of their star players?

There is no doubt that Jarrod Bowen, Crysencio Summerville and Mateus Fernandes are the three standout assets in E20 as Maguire says.

All three are subject to plenty of interest, and would certainly ease any financial concerns if their price tag is met.

According to The Athletic, West Ham want £50m for their captain with Summerville touted at the same price; meanwhile, widespread reports have Fernandes' tag at £80m.

At those fees, the Hammers would far exceed their previously reported need of £150m and that is not including other players likely to leave.

Out of trio, Fernandes looks closest to securing that exit as both Manchester United and Tottenham circle aorund his signature.

Overall, while there will be concern over the finances at London Stadium, the Irons certainly have a strong backbone to fall upon.

But ideally, they would have liked to keep their top players for the upcoming campaign but those concerns may prove the defining factor.