West Ham do not rule out possibility of buying London Stadium
Much to the delight of the West Ham fans, the club hierarchy are not ruling out the purchase of the London Stadium, according to Claret and Hugh.
The Hammers play in the London Stadium but do not own it as it’s owned by London Legacy Development Corporation.
Recently, Claret and Hugh reported that the club were in line to suffer losses to the tune of £30 million per year should they agree to a long-term lease with the owners.
According to their current agreement, the Hammers pay £3million per season to the stadium owners to play a maximum of 25 games at the London Stadium.
However, that number is likely to increase this season, given the Europa League as well as the cup ties – the chances of a home game are 50-50.
Purchasing the stadium outright will be beneficial as these additional costs will then go away.
It may be a big one-time expense, and whether the current owners would be willing, is another question altogether.
However, this money is recouped by renting the ground out for big events such as boxing fights or other big corporate tie-ups.
Hopefully, PAI or some promising new owners come in and make the purchase of the stadium a priority.
It is always nice to have a stadium of your own and one can then have long-term sponsorship agreements like how Arsenal, Liverpool, Juventus, Bayern Munich and many other top European clubs do.
It remains to be seen how this transpires and all we can do right now is to stay optimistic.
In other West Ham news, ‘Get rid’, ‘Luxury’ – Super Fans want player gone after what they saw him do this week