West Ham United is gearing up to commence contract talks with manager David Moyes in the new year.
The club climbed to the sixth position in the Premier League after securing a 2-0 victory against second-placed Arsenal on Thursday.
Moyes, aged 60, in his second stint as the boss at West Ham, is set to be out of contract in the summer of 2024.
“We’re getting ready to talk. I don’t think any of us are jumping to get it done too quickly,” Moyes said after the victory at the Emirates Stadium.
“I think we are just happy to make sure we get it done. We will do – I don’t see any problems with that at all.
“We are not one of the top teams. We are trying to get up and grow the team. For West Ham to be in Europe is a great period.”
Moyes was initially appointed as West Ham boss in November 2017 but left at the end of that season when his contract was not renewed, only to return for his second stint in December 2019.
Since then, he has led West Ham to two top-seven finishes in the Premier League and secured the club’s first major trophy in 43 years by winning the Europa Conference League in June.
On Friday, West Ham announced their financial results for the year ending on May 31, 2023, showing a net pre-tax loss of £18.3 million.
Joint chair David Sullivan stated, “the future looks extremely bright” for the Premier League club.
The figures, excluding the Hammers’ historic Europa Conference League final victory against Fiorentina, indicate that West Ham’s turnover fell to £236.7 million, down £16 million from the previous season, with wages rising to £136.8 million.
The club attributes an outlay on players of £184 million over the period as part of the reason for the loss.
Declan Rice’s club record £100 million summer move to Arsenal is not included in the results.
Moyes is not mentioned by Sullivan in his assessment of the past financial year. However, the statement does mention that the club’s “strong relationship with the manager will continue to assist in building and improving the squad.”z z z z z z z z z z z z z z
“The future continues to look extremely bright for West Ham United,” said Sullivan.
“We have enjoyed an unprecedented level of success over the course of the past three years – but I believe there is even more to come.”
Among the other notable points in the financial statement, which pays tribute to former co-chair David Gold and his daughter Jacqueline who died within weeks of each other early in 2023, is confirmation that West Ham has repaid a £55 million loan to MSD Holdings and replaced it with a “more favorable” £40 million overdraft facility with Barclays Bank.