West Ham United are facing a massive loss over the sale of Sebastien Haller to Ajax.

The Daily Mailsays West Ham will receive less than £15million from Ajax following the sale of record signing Haller this month with more than a quarter of the £20m transfer fee owed to a private equity company.

The club failed to make a scheduled £5.4m payment due to Eintracht Frankfurt last summer, leading to West Ham being reported to FIFA. The matter was resolved by the German club selling the debt on to investment company MSD Capital.

Haller joined West Ham for a club-record £45m in 2019 but, like many high-end transfers, the fee was to be repaid in instalments.

West Ham have followed Arsenal and Tottenham in taking out a substantial loan to solve their short-term cashflow problems — the details of which will be revealed when the club publish their accounts for 2019-20 next month.