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West Ham manager Nuno Espirito Santo could have a tough summer ahead West Ham United say they will need to sell players this summer even if they avoid relegation from the Premier League, after revealing a £104. 2m loss for the last financial year. Figures released by the club, external outline West Ham's finances to the year ending 31 May 2025 - and show a dramatic change from a profit of £57. 2m in 2023-24. Turnover fell £42. 1m to £227. 6m after a lower league finish, fewer live TV games, no European football and a reduced profit from player sales, West Ham said. The accounts forecast a cash shortfall this summer - even before the "severe but plausible scenario" of dropping into the Championship. West Ham are currently 18th in the top flight, two points behind 17th-placed Nottingham Forest with 11 games to play. The Hammers say "further player trading" will be needed in the summer, while shareholders will have to provide more funding. "Under both the base case and severe but plausible case forecasts, mitigating actions are required in order to have sufficient liquidity for the Group to meet its liabilities over the going concern period, " says a board report to shareholders. "The primary mitigating action within the control of the Group is cash receipts from further player trading, " the report adds. "Should this not be preferred or sufficient, additional funding from the shareholders would be required. "In the event the severe but plausible scenario occurs, the Group is also forecasting a liquidity shortfall in summer 2026 to a greater severity. "Accordingly, more significant mitigating actions would be required such as further player disposals to generate transfer fee income and wage savings, or additional funding from the shareholders, or a combination thereof. " West Ham have won just six league games this season but are unbeaten in their past three. They face Liverpool at Anfield on Saturday (15: 00 GMT kick-off). The Hammers signed five players in January in an attempt to avoid relegation, including forwards Pablo, Valentin Castellanos, Adama Traore and defender Axel Disasi. West Ham say they continue to comply with Financial Fair Play rules "and expect to do so in the future". Latest West Ham news, analysis and fan views Ask about West Ham - what do you want to know? Comments can not be loaded To load Comments you need to enable Java Script in your browser Premier League: Mayenda taps Sunderland in front against Bournemouth What next for Salah and Liverpool? Ahmed plays down hope of semi-final place - can he fit in England XI? Lord Sugar's hopefuls jet off to Hong Kong Annie and Nick look ahead to the Brit Awards The making of Charli XCX's fourth album, during the 2020 lockdown An occult-tinged crime shakes a Welsh village to its core The moment I told my mum I wanted to stop football - and how life changed 'Borthwick relaxed but defiant amid England Six Nations slide' How do Man City's Muslim players adapt to Ramadan? Cadillac and Audi - the same ambition but two very different projects All you need to know about Netball Super League 2026 #Do It Like Harry - from viral Twickenham mascot to England U18s prospect India overpower Zimbabwe to restore hopes of semi-final spot. Video India overpower Zimbabwe to restore hopes of semi-final spot The £37m cost of Man Utd's past two managerial changes 'He had it all' - Taylor pays emotional tribute to Virgo. Video'He had it all' - Taylor pays emotional tribute to Virgo 'I had some potential, but my personality was preventing me from reaching it' The 'rare combination' behind Britain's youngest F1 driver 'Darlings of Italian football' - how Atalanta salvaged national pride 'It would be catastrophic' - are Spurs too big to go down? 'Equal in decay' - Mayweather v Pacquiao is another boxing 'carnival' How safe is bare-knuckle boxing as it fights for mainstream appeal? Copyright © 2026 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.