West Ham Online

"Posted the same last year. Nothing has changed, except win don't win matches anymore. I'm fed up, we can do much better"

"Thanks for that Westside. Relegation is the big fear for all the shareholders, fans and football staff. I hope riosleftsock's mate is correct. The only loser there is Lampard... Mind you I quite enjoyed our last relegations. Away games were a doddle. Just used to ride my motorbike to away stadia, park outside or on pavement, buy a ticket at the gate..."

Ahhhh So not until the current arrangement expires - interesting That tells me that were we to be relegated it's odds on that we retain Sullivan for an unspecified period

"Whilst I understand the nature of the current deal option, is there anything to prevent another being proposed? I get it that the current has a price fix irrespective of our division but what stops Kretinsky from saying well now you have relegated the club the deal is off - I will however, propose a new deal reflecting the reduced incomes etc. Sort of! The current share option deal has a fixed date of expiry (haven't been able to find out what that is). Once it has expired, a fresh deal on share price etc. can take place. And of course, nothing to stop Kretinsky, not exercising his option and just waiting until it expires."

Moyes to replace Lampard Benitez in for Moyes Antonio and Dawson to Wolves Ings done deal All from my mate just now - reckons its all legit lol

"Westside Hiya mate, a question Whilst I understand the nature of the current deal option, is there anything to prevent another being proposed? I get it that the current has a price fix irrespective of our division but what stops Kretinsky from saying well now you have relegated the club the deal is off - I will however, propose a new deal reflecting the reduced incomes etc"

"I'm still not sure of the relevance to 'Moyes Out' Westside? Because of the immense negative impact on our finances, of relegation if Moyes is ""in."" No guarantee, Kretinsky, will keep stumping up cash, if we are relegated. Would certainly bring him fully buying West Ham, into question. Not saying we will stay up, if Moyes, is replaced, though."

I'm still not sure of the relevance to 'Moyes Out' Westside? My point was that under GSB and previous owners we always struggled to afford transfers. Clearing the debts to leave positive net and cash balances makes it easier to make signings is all I said. That comes from Kretinski who is seriously cash rich by all accounts...

"Don't mean to antagonise but not sure what your point is Westside? When you repay debt, there is no guarantee, you will be able to borrow more in the future. The net debt position fell, because of the £125 million share issue, being used to pay down debt. £53.5 million of that was shareholder loans. No guarantee that shareholders, will stump that up in the future. The accounts narrative quote, obviously tries to put a positive spin on our figures, conveniently ignoring the £158 million (not reflected in net debt movement and position,) we owe to various sources at the accounts date, including £81 million owed for transfers. Net assets looks good, but over £100 million of that, is purchased player registrations (transfers in). Since the accounts date we purchased players to the value of £155 million in the summer window. Has to be paid for (not all in one go). And if relegated, our income will drop dramatically, thus the amount we can borrow, will too. And could lead to a 2003 type situation, where we had to sell players to fund debt repayments. Of course Kretinsky could fund any shortfall with share issue, or loans."

Hopefully this is a sign of new direction and new management: https://www.hammers.news/club-news/west-ham-planning-for-long-term-future-with-move-for-napoli-director-of-football-cristiano-giuntoli/ https://www.westhamzone.com/news/napoli-sporting-director-cristiano-giuntoli-wanted-by-new-west-ham-united-owners-after-summer-takeover/?amp

"Yes but when you repay loans the debt goes down. This is a quote from the May 2022 accounts... ""The Club's net debt, including cash, fell by £130.0m, leaving it in a robust and healthy position with net assets of £40.9m, including cash of £96.5m at year end."" Don't mean to antagonise but not sure what your point is Westside?"

"Ahh ok Westside so effectively the cash injection, loan repayments mean we can borrow more. The cash injection has been partly used to pay down shareholder' debt. That doesn't affect how much we can borrow from banks etc. The biggest driver of how much we can borrow, will be maintaining Premier League status."

"Ahh ok Westside so effectively the cash injection, loan repayments mean we can borrow more."

"Westside I think I read that it's Kretinski's access to better interest rates on borrowing and of course he is able to loan more to the club which has made our summer and perhaps this window larger than before? Kretinsky may well have access to better and lower interest rate borrowing, but he personally hasn't actually lent anything to the club yet, having funded the cash injection, by a new share issue. Which is more than 4 times greater, than any share issue the Daves put in for and their loans have been repaid in full."

Tripp Smith has no interest in buying the club. His 10% was a mixture of smart investment and having a keen interest in football. He might facilitate finding a buyer but he wont be buying the club himself.

Westside I think I read that it's Kretinski's access to better interest rates on borrowing and of course he is able to loan more to the club which has made our summer and perhaps this window larger than before? At the moment that facility is not being spent well and these investments in players under Moyes not being utilised properly. I still think it will be the Waiter leading us out in a week or so's time. Short term contract might be the only blessing. Turgid football continues but hopefully more effective than the Busted Flush that is Moyes?

"The fact that Kretinski put in £125million makes WH cash rich now compared to previous times. £53.5 million went out of the door in the year to 31/05/22, to repay shareholder loans."

I didn't know LJC but then I moved abroad this summer when it happened so missed it. You're correct. Kretinski has appointed Jiri Svark (J P Morgan MD). Kretinski's previous representative on the board stepped down to join the Operations Board which I guess is under Lady Brady's control. The fact that Kretinski put in £125million makes WH cash rich now compared to previous times. If we don't buy players it's because of tactical reasons rather than the penny pinching of pre-Kretinski days...

"I don't know much about Tripp, and maybe I'm wrong, but I've never had the impression he wants to buy the club outright. My guess (and it's purely that) would be that he's a very canny investor and bought 10% of the club at a knockdown price, knowing its value would soar - and he could cash in when the sale to another owner places a £500m+ value on the club. It would make his shares worth £50m+. Alternatively, he may want to buy deeper into the club with somebody like Kretinsky - but I don't know whether the two see each other as potential partners."

Should neve be given such an important game that is a must-win.

Isn't it well known by now that there are at least three buyers in for us with Tripp and DK at the front of the queue regardless of what div we are in? Evidenced by the bloke from JP Morgan (acquisitions) being added to the board by DK recently?

"Suppose we win the Europa Conference Cup and we get relegated. Next Season, we will have more league games to play, plus Europa League games, plus League Cup games, take into account international breaks, FA Cup games. It doesn't bear thinking about really. The Championship play pretty much Saturday, midweek, Saturday nearly all season long."

I think we would lose Scamaca and Paqueta and Rice if we went down. I dont think we'd lose anyone else unless we wanted to. We haven't historically spent anything like the money we've earned being in this league over the years. We dont even own the bloody stadium and our owner is a billionaire. Where would the players earn what we are paying them at any other club? Its not like we are inundated with offers for our players. We could afford to keep the squad or at least 1 season I'd imagine. The whole fire sale thing isnt for clubs like ours anymore. Arent we in the top 10/15 clubs in world football?

threesixty 1:19 Fri Jan 20 We would not be able to keep the squad we have now if we went down as the TV money would be gone the attendance and merchandise income would go down and we may lose some sponcers

"I dunno, I think if we kept our squad we'd murder the championship. The problem isnt the squad its the manager. The squad is far superior to any championship squad."

If the current bottom three all dropped. Next year's Championship would look very tasty.