A real financial Armageddon awaits in the Championship if — or when — West Ham are relegated at the end of this season.

When the Hammers were last relegated in 2011, their turnover dropped to £46m from £80.5m the previous year in the Premier League.

West Ham’s turnover for last season is expected to be around £220m when published and perhaps less this season due to a poor league position — potentially as low as £200m.

As a general rule of thumb, revenues often drop by 50% overall when clubs are relegated from the top flight.

Players like Bowen, Todibo, Fernandes and Summerville would likely want out; they’d be sold in the typical relegated-club fire sale.

Relegated clubs receive a parachute payment equal to 55% of the basic award in their first year in the Championship, worth around £50m, plus around £6m of Championship broadcast revenue.

Clubs often lower their season ticket prices and see reduced attendances in the second tier of English football.

Huge Revenue Drop & Mass Exodus Looming

In the last published West Ham accounts, matchday ticket revenue stood at £44m — inflated by European football. That could drop to around £22m in the Championship.

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