The payment fee structure for the £105m transfer of Declan Rice has yet to agreed with Arsenal for a second day running with West Ham Chairman David Sullivan unwilling to compromise.
The Hammers want a fee up front and the remainder paid over 12 to 18 months but Arsenal want to pay in equal instalments over four years.
Yesterday the Daily Mirror claimed that Arsenal’s payment structure was £75m up front with £25m spread over the five years of the contract plus £5m in add-ons but that has been denied by a club insider.
Cash flow is important to all football clubs, especially over the summer when there is no ticket revenue and little retail revenue coming in.
In the past West Ham has drawn down on their MSD holding credit facility each summer borrowing millions with 10% interest.
If West Ham are able to get £50m cash up front this summer and another £50m cash that could potentially save them £10m in interest payments making the Declan Rice worth closer to £115m in net terms.
The West Ham player remains on holiday but is due to fly back into the UK this Saturday. It is unlikely that West Ham will agree their contracted having a medical until the fee structure can be resolved.