West Ham Lose £18 Million

According to The Independent West Ham made a loss of £18 million last year compared to a £3.6m profit the year before. The paper repeats the claim that West Ham's heavy spending last January and the high wages paid to those signed in the summer contributed to Magnusson being ousted at the club.

The Independent say West Ham have put on hold contract talks with players such as Lucas Neill and Dean Ashton until the summer. Neill is seeking parity with the top earners but has been told he will only be given a year's extension. Dean Ashton, who has two years left, is now one of the lowest earners at the club.

However the paper does say that West Ham are in the market for an 'established' striker. Worryingly they include Zamora in a list of Davenport, Quashie, Pantsil and Dailly that the club are looking to sell.