Folarin Balogun ‘too expensive,’ West Ham tell David Moyes after £50m asking fee

David Moyes bid to buy Folarin Balogun at £50m has suffered a hitch.

West Ham have been in the market for Balogun, an attacker whose price tag has been put at £50m. But Moyes has now been told that the Nigerian costs too much.

According to FootballTransfers, West Ham have money available due to selling Declan Rice for a hefty fee this summer.

The report goes on to say that Moyes wants to use some of this money to sign Folarin Balogun this summer.

Apparently, despite the club selling Rice for more than £100million, the board have informed Moyes that Balogun is ‘too expensive’.

Reports have been suggesting that Arsenal want around £50million for Balogun. It is no shock to see Arsenal want a big price after the player performed amazingly on loan last season.

They have also spent a lot of money this summer so need to receive some money to make sure they can spend more if needed.

Last season on loan in Ligue 1, Balogun managed 22 goals in all competitions. A 22 year-old forward being this prolific emphasises that he has a really high ceiling.

The Hammers are crying out for a young hungry forward who has shown that they can score goals, so you can see why Moyes is a fan of Balogun.

Perhaps the board want their money more split out across numerous players instead of spending big on one or two.

Only time will tell as to whether this is the right idea from the owners or whether they should be backing Moyes’ targets more.