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West Ham United: Deal to be done as Chelsea could use London Stadium - Finance Guru
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive West Ham United columnist. Each week he’ll be giving his views on the biggest talking points at the London Stadium...
Dan Plumley has insisted there is a potential deal to be done by West Ham United and LLDC for Chelsea to use the London Stadium should they build a new ground themselves.
The Sun recently reported that the London Stadium is a possible temporary home for Chelsea while Todd Boehly plans his new £2billion development.
Plumley admitted that the fan factor would be more difficult than the financials, although it wouldn’t be clear who would bank the potential windfall with a deal certainly being explored.
“This one is finding the balance,” he exclusively told West Ham Zone.
“It can be lucrative, but it depends on who is winning in the negotiations and who is going to own the stadium. Who is getting the money from whatever deal? If you charge Chelsea on a rent agreement, the catering, the merchandise, anything that comes into your matchday revenues.
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“There will be a deal to be done if that is the case. The caveat to that with West Ham is the deal they already have with the LLDC and how that stadium works and that they are getting a relatively good deal.
“It may not be very lucrative to West Ham, but it’s one of those, the fan element is more tricky than the finance part of it but if it does come to pass, there is a deal to be done and it’s up to the parties to thrash out a deal.
“You can guarantee that West Ham and the LLDC will be exploring the opportunity if it is on the table.”
There is absolutely no chance of this being allowed to happen.
West Ham and the LLDC may well explore the potential of a ground-share for a number of years, but the fans simply wouldn’t stand for it, and David Sullivan will know that.
Of course, these are just reports for now, but expect these to be shut down relatively quickly.