There are a number of ways at looking at assets and liabilities.

The analysis in this section is on the overall club issue, not just the footballing side of things.

The assets are made up of the ground and the like, these are known as fixed assets. There are also the players, these are known as intangible assets. The worth of a player can go up or down and is less dependable than a fixed asset of land, or a building. The assets are shown below.

This shows that the fixed assets are fairly flat as you would expect unless a new ground, or stand is built. The value of the players goes up and down a bit more. The player value only shows the value of players bought in. 

The ground is values at £77m, and the Chadwell Heath training ground at £5m. These numbers include a land valuation of £23m in them.

As well as fixed assets there are things that are called current assets. Current assets covers money you could easily get your hands on. So this would be things like cash at the bank, or money owed to you that you expect to get in soon.

On the opposite side of things is how much the club owes, its liabilities.

If you take all the club assets and all the club liabilities you get another picture of how the club is doing. In the case of West Ham you can see in the graph below that if the club sold all their assets they would have enough money to pay off all the people they owe money to. This is important  as the clubs currently struggling to survive like Palace and Portsmouth do not have the money to cover their borrowings.