West Ham faces a summer player exodus after revealing a £104.2m loss for the last financial year. The club must sell players even if Premier League survival is secured, with cash receipts from player trading their primary solution to mounting financial pressures.

The report warns of potential liquidity shortfalls by summer 2026 should current measures fail. Shareholder funding or further player disposals would then become necessary to address what the board describes as a "severe but plausible scenario" affecting the club's long-term financial stability.

Despite winning just six league games this season, the Hammers recently signed five players including Pablo, Castellanos, Traore, and Disasi in January's transfer window. Their current unbeaten run offers hope of avoiding the drop, but financial realities dictate a summer clearout regardless of their final league position. The club maintains compliance with Financial Fair Play rules but acknowledges the need for significant financial restructuring