Kieran Maguire issues £154m West Ham United wage cap claim amid major Premier League reveal
Kieran Maguire believes that West Ham could see their wage cap in the region of £154million as it will be at 80 per cent of their revenues.
This calculation comes after The Times reported on Tuesday [20 September], that the Premier League will cap wages at 90 per cent for the calendar year 2023, 80 per cent for 2024 and 70 per cent from 2025.
This soft wage cap includes transfer and agent fees as well making it a more level playing field.
Via Twitter, Maguire wrote, “Also, introduction of a ‘soft’ wage cap (including transfer & agent fees) set as a % of income. This will bake in existing gaps within the Premier League and make it difficult for clubs with new owners such as Newcastle to challenge the existing elite.”
One way or another, change is coming in the Premier League and clubs are eventually going to be properly regulated with regard to player salaries.
This may not be the worst thing in the world for the Hammers as their earnings are quite good and even with the cap, they will still be able to shell out big money to attract big names.
Just like they did this summer, we do not see this affecting their ability to spend on players with international acumen and the club can continue building in the right direction.
However, what needs to change quickly are the results on the pitch and David Moyes must start delivering and look to change something as the current system is not working for him.
The players too appear to have slipped off but Moyes is still showing them loyalty rather than being ruthless and axing them as some of them are not at the level of the first team of a Premier League side.