West Ham’s financial woes summarised neatly by ex-Magpie
Newcastle’s transfer dealings over recent years have hardly been awe-inspiring. The process has usually involved paying over the odds for a player, watching them flop and leave on the cheap, or watching them do pretty well and selling them for less than was originally paid for them.
Kieron Dyer is the exception to the rule, judging by the figures being studied today in the Daily Mail. Dyer joined the Magpies from Ipswich for £6m in 1999. When he moved to West Ham in 2007, it appeared that Newcastle had actually broken even on their investment for one.
But we now know they actually went one better than that.
The fee was higher than the one publicly reported and Dyer actually cost £7 million. So Newcastle made a profit.
West Ham, meanwhile, have been paying the 31-year-old a whopping £70,000 a week throughout his injury-ravaged stint at Upton Park. The England international has mustered just five starts and ten substitute appearances during that time, and is yet to find the net for the club.
Taking the transfer fee, wages and National Insurance contributions into consideration, Dyer will have cost the Hammers £30 million by the end of next season.