West Ham United ‘gifted transfer cash windfall’ after unexpected twist
West Ham United could be gifted a significant transfer cash windfall after an unexpected twist away from the London Stadium.
The club owned by David Sullivan are not in desperate need of money after announcing a £57.2million net profit before tax in their financial results for the year ending 31 May 2024.
However, with the likes of PSR regulations at play, football teams are keen to make every penny count.
That is why the Hammers may want to thank a player who recently quit them as a transfer cash windfall awaits them.
Favour Fawunmi to gift West Ham cash windfall
Favour Fawunmi left West Ham at the end of a short-term contract at the end of January, turning down a new deal to stay at the London Stadium until 2026.
The left-footed attacker was claimed to be on the verge of joining PAOK after he was offered a three-year contract to move to Greece [Sean Whetstone].
However, in a sudden of turn events, it has emerged that Fawunmi has put pen to paper on a two-and-a-half-year deal at Stoke City instead [The Evening Standard].
The 18-year-old decided to reject a longer contract at PAOK and join the Potters after impressing on trial for them earlier this week.
Stoke City to pay more in compensation than PAOK
This twist could be a blessing in disguise for West Ham as they are likely to receive a bigger compensation from Stoke than PAOK.
A tribunal usually sets the compensation fee when two clubs cannot reach an agreement, with the Football Association overseeing the process.
Meanwhile, when foreign clubs are involved, it is usually FIFA that governs the process to set the fee.
Nevertheless, the Hammers are likely to receive a higher sum from another English club than an overseas team for Fawunmi.
That said, it is worth noting that the teenager is not going to warrant a hefty sum anyway, considering he has only featured seven times for the West Ham Under-21s.
However, many drops make an ocean, and in an era when football finances are extremely important, even a slightly higher sum could be handy for the East London outfit.