West Ham United are now among the most successful clubs in Europe, allowing them to continue to build for the future whilst giving them a platform to help retain their best players according to the latest Deloitte Football Money League report.
The annual report shows the Hammers are among eight Premier League teams in the top 20 clubs by revenue and in 18th position overall.
West Ham United Vice-Chairman Karren Brady said: “We are pleased to see all our hard work off the pitch pay dividends as it is incredibly important to drive off-field revenues to reinvest in the team.
“Our financial success further reinforces the fact that we are a club that no longer has to sell players, and the new long-term contracts signed by several key members of the first team squad and Academy players such as Reece Oxford over the last year clearly demonstrate that.
“We want to make West Ham a force in world football – but we are also determined to maintain the traditional values which make us so unique.
“The strength of our fan base is unrivalled, and thanks to them the Club is in an excellent position to build on this further as we continue to make the transition to our new home at London Stadium.”
The report shows West Ham have gone from strength to strength with club revenues rising from £71.6million in 2010 to a club record £143.8m for the 2015/16 season.
Commentators today predicted further growth as the Club benefited from its move to London Stadium combined with its growing fanbase and strong traditions.
The Deloitte report said: “The move to the London Stadium for 2016/17 with its increased capacity should increase West Ham’s matchday revenue significantly and alongside the increase in Premier League distributions should see them climb even further up the Money League.”
Peter Knapp told the Evening Standard: “Having the London Stadium is iconic. Having a history with such an interesting backstory – The Thames Ironworks – is great. Bringing that together around the capital gives you accelerated brand recognition as being the London Club.”
Along with the eight Premier League clubs the remainder of the top 20 is made up of four Italian clubs, three Spanish sides, three from Germany, one French and one from Russia.