And The Good News Is
According to The Guardian Eggert Magnusson has promised that the Icelandic consortium that owns West Ham have the funds available to ensure West Ham bounce straight back if relegated. The £18 million spent in the January transfer window is within a pre-planned budget and there will be more money available in the summer whether West Ham survive or are relegated,
"When we bought the club we looked seriously at the possibility that we could go down. I don't believe we will go down but if the worst case scenario happens we will have funds available to go straight back."