Long lease for London Stadium could lead to over £30m losses per season
West Ham would be in line for £30million in losses per year should they agree a long-term lease for the London Stadium, according to Claret and Hugh.
Daily Mail’s Martin Samuel recently urged the Hammers to buy the London Stadium outright and redevelop it as a football-only venue.
However, should they do that, they are at serious risk of facing losses due to onerous contracts.
Worth considering?
The club manage to navigate some but not all of the losses, which would in turn be a poor financial decision taken, at least for the short term.
It could prove to be a beneficial decision in the longer term and it remains to be seen whether the club are open to going ahead with it.
Recently, there were negotiations between a takeover group and London Legacy Development Corporation, who own the London Stadium.
Their interactions showed that in principle that they could willing and to offload the stadium on a long lease, but the Hammers must not consider it if they’re making those kinds of staggering losses per year.
We’re not quite sure what the right approach to be taken here is, but it remains to be seen how things transpire.
There are merits to both sides and either way, the fans would not react angrily to whatever decision is made.
In other West Ham news, Rarely-seen Hammers player in line for start v Rapid Wien after Wednesday footage emerges
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