West Ham Set for £40m Player Fire-Sale If Relegation Occurs

Things looking worryingly precarious at Upton Park.

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West Ham United Facing £40 Million Fire-Sale Of Players If They Are Relegated From Premier League

The West Ham board believe that Parker is one of their biggest assets and could bring in as much as £8m to the club.

Other players likely to leave Upton Park would be Liverpool target Carlton Cole, England goalkeeper Robert Green and midfielder Mark Noble, who are expected to fetch at least £15m for the struggling London side.

The problem for chief executive Karren Brady will be to generate the remaining cash from highly-paid veterans of the squad such as Kieron Dyer and Matthew Upson.

Central defender Upson is out of contract in the summer and expected to leave Avram Grant’s side on a free transfer, while Dyer is unlikely to attract many suitors given his high wage demands and poor injury record.

The Premier League’s ‘parachute payments’ of £30m, which the Hammers will receive if they are indeed relegated, are unlikely to ease the financial burden on the club.

The precarious financial situation has come about thanks to West Ham’s previous Icelandic owner’s willingness to spend big money on wages in order to chase success on the pitch.

However, due to the economic slump in 2008 and poor performances in the Premier League, that ill-starred strategy has come back to haunt the East-London side, whose current tenure in the top-flight has so far lasted five-and-a-half seasons since they gained promotion in 2005. (Yahoo)

Whilst this article is clearly getting a little ahead of itself it does discuss some very worrying issues that could well hit West Ham if they fail to beat the drop. The club are in a very precarious financial position and the current owners have to weigh up the cost of bringing in January signings to avoid the drop against the knock on effects of such a move if indeed such a plan does not prevent relegation.

Avram Grant has his work cut out for him as he attempts to prevent West Ham from being yet another club who were bottom at Xmas from ultimately going down to the Championship, only West Brom in 2005 managed to buck that trend. The Israeli will however demand some cash to bring in the necessary players to do the job, but should Messrs Sullivan and Gold give it to him?

What do Hammers fans think?

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