A West Ham insider has shut down the rumours that the club are actively looking for investment. Since the Premier League took action on Everton and Nottingham Forest for breaches of FFP, everyone is extremely mindful of sticking within the rules. For years there were little repercussions for teams who broke the rules, but that doesn’t seem to be the case anymore.
As a result, clubs are looking for ways to raise funds from every possible angle and, according to The Sun, West Ham, Tottenham, Wolves and Brentford are all looking for new investors to help avoid PSR punishments. Why that makes a lot of sense on paper, it simply isn’t true that the club are looking for investment, nor would it help them, according to Sean Whetstone.
“That report about West Ham seeking an advisor for investment is not true claimed our source told Claret and Hugh adding that selling shares in West Ham does not help with PSR rules and only helps with cash flow,” he wrote.
“This coming season Premier League clubs will trial Squad Cost Rules (SCR) and Top to Bottom Anchoring Rules (TBA) in addition to the existing Profitability and Sustainability Rules (PSR) The Premier League claim this will enable the League and clubs to fully evaluate the system, including the operation of UEFA’s equivalent new financial regulations, and to complete its consultation with all relevant stakeholders.”
It’s bizarre that the report would even claim that new investment would help combat PSR when one of the main points of it is to stop another Manchester City from happening. Although the current board aren’t the most popular, it doesn’t seem like they’ll be going anywhere anytime soon.
