By Jack Bezants for MailOnline
Published: 10:00 GMT, 28 January 2020 | Updated: 11:40 GMT, 28 January 2020
The precarious position of West Ham's future can be revealed by the state of their accounts, which show that Premier League relegation would deliver a major blow to their financial stability.
The documents say that remaining in England's top division is 'an absolute necessity for the financial well-being of the club' and that 'the group's principal risk remains that of the football club being relegated… with the serious financial consequences which follow.'
The cost of transfers, wages and improved facilities at West Ham's Rush Green training complex delivered a pre-tax loss of £28.8m in the previous financial year.
West Ham owners (L-R) David Sullivan and David Gold are under increasing pressure
West Ham's accounts show how financial stability could be threatened by relegation
David Moyes' side are only