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West Ham's transfer troubles

by Ralph
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West Ham fans carry a coffin in protest against the clubs owners - words on coffin read 'Sold Our Soul'
[Getty Images]

August 2026 will mark 10 years since West Ham United's first game at London Stadium after departing Upton Park. If their current form continues, it is an anniversary that will be 'celebrated' in the Championship.

The Hammers are now winless in 10 Premier League games, seven points adrift of safety in 18th, with Nuno Espirito Santo's side registering just 11 points from a possible 48 since the Portuguese took over in September 2025.

Fan unrest has centred on that unpopular stadium move, with the club's ownership, spearheaded by David Sullivan, also under fire for "poor recruitment" and "overall mismanagement".

Since the 2023 summer transfer window, where the Hammers netted £100m from Arsenal for England midfielder Declan Rice in the aftermath of their Conference League triumph, the east London club have spent £417.3m on signings, while netting £262.4m in sales.

That net spend of £154.9m proves the ownership have not necessarily been shy in backing Moyes and his successors (Julen Lopetegui, Graham Potter, and now Nuno), but the return on that outlay has not always been good.

West Ham signings since Declan Rice left Fees of £30m-plus only Player                                Fee         From Max Kilman                     £40m    Wolves Mohammed Kudus        £38m    Ajax Mateus Fernandes         £38m    Southampton Jean-Clair Todibo          £34m    Nice Edson Alvarez                 £32m    Ajax James Ward-Prowse     £30m    Southampton Source: BBC                                                                           BBC
[BBC]

One success story was Mohammed Kudus. The Ghana forward, signed from Ajax for £38m, scored 19 goals in 80 games before departing for Tottenham Hotspur, who forked out £55m last summer.

Others have fared less well; Niclas Fullkrug (£27m) found the net just three times in 29 appearances before being loaned out to AC Milan, while the jury is still out on Mateus Fernandes, who cost £38m from Southampton last summer.

Striker Evan Ferguson's short loan spell from Brighton last season yielded precisely zero goals.

Defensive worries abound for Nuno, who is without a clean sheet in his 16 games in charge. Spending £40m on Max Kilman on a seven-year deal under Lopetegui raised eyebrows at the time, and his numbers are not kind.

West Ham have conceded 106 goals in the 60 games the ex-Wolves man has played. Alongside him, it has been a tricky season for £34m Frenchman Jean-Clair Todibo.

The past two Januarys have been quiet for the Irons, with players only arriving on loan .

There seems to have been a gear change this month, with two permanent deals already completed for strikers Pablo Felipe from Gil Vicente for £21.8m and Taty Castellanos from Lazio for a reported £26m.

Hammers fans will be hoping the pair can fire them up the table.

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