West Ham



It gets worse for the tax payer if they get relegated as well - the "rent" they pay gets halved & they still dont have to pay for maintenance & stewarding, the latter may be cost roughly the same if not more than the "rent" so the London stadium could effectively be making net payments to West Ham each game they play in the championship
Fuckin hell, was this Boris Johnsons decision as well, when he was mayor?
 
Fuckin hell, was this Boris Johnsons decision as well, when he was mayor?
Think it may have had more to do with Tory peer Karen Brady being on the board at best scam.

Financial details are of the deal are here: -

West Ham to pay £2.5m Olympic Stadium rent per year

West Ham will pay £2.5m a year to rent the 60,000-seater Olympic Stadium, it has been revealed after the deal was made public following a legal battle.

The ground's owners, the London Legacy Development Corporation (LLDC), fought a ruling that the contract should be published, but the appeal was rejected this week.

West Ham will pay the sum per year over the 99-year lease, the 207-page document has revealed.

The Hammers move in this summer.

The first £4m of any naming rights deal will go to the LLDC and Newham borough, with anything above that between the two bodies and West Ham, although the amount is capped.

The rent will be halved to £1.25m if West Ham are relegated.

The LLDC, which had spent thousands of pounds fighting the ruling, said the decision could cost the organisation "millions of pounds".

But it has decided not to appeal against the tribunal's ruling.

Watch: BBC Sports editor Dan Roan on Olympic Stadium legacy

Extra payments West Ham could have to make annually
£1m if they win the Champions League£100,000 if they win the FA Cup or Europa League, or qualify for it
£250,000 if they qualify for the Champions League group stages (All payments linked to inflation)£375,000 if they finish in the top five in the Premier League, with smaller payments for other lower positions in the top 10
The club were awarded tenancy of the London 2012 stadium in 2013, and at least £272m has been spent to convert the site for use as a Premier League ground.

West Ham have contributed £15m towards those costs. Last year a BBC documentary revealed the club was having many of the running costs of the stadium paid for it by the taxpayer under the terms of the tenancy agreement.

The Hammers will not have to pay for a range of things including policing, stewarding, goalposts, corner flags, cleaners and turnstile operators. Heating and lighting costs will also be covered by the stadium managers.

However, stadium bosses point out that this is normal for a rental agreement, using the analogy that you would not expect to hire a badminton court and not have nets supplied.

A coalition of 14 supporters' trusts from around the country submitted a Freedom of Information request to obtain that tenancy agreement and believe the deal gives West Ham, who have played at Upton Park since 1904, a competitive advantage.

West Ham say they have nothing to hide, believe it is a "great deal" for the club and the taxpayer, and say the stadium offers a true legacy.

The club added: "Someone renting the stadium for 25 days a year cannot be responsible for 365 days' running costs."

A coalition of 14 supporters' groups and trusts of several different clubs campaigned for the information to be released. In a statement it said: "This is the right decision for the taxpayer, and the right decision for football."

Pressure group the Taxpayers' Alliance called the deal "ludicrously generous" and said questions remain for "those responsible for offering a deal for which most clubs would have sold their star striker".
 
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Fuckin hell, was this Boris Johnsons decision as well, when he was mayor?
dont think so..think t was under Ken. but could be wrong..taxpayer s gettng a much better deal off est ham than they dd off safc when the taxpayer paid for the stadium of light, or need than they got off man city when thy got the stadium for free, whereas west ham are liable for hundreds of millions of pounds of bills for a stadium the dont own..
 
dont think so..think t was under Ken. but could be wrong..taxpayer s gettng a much better deal off est ham than they dd off safc when the taxpayer paid for the stadium of light, or need than they got off man city when thy got the stadium for free, whereas west ham are liable for hundreds of millions of pounds of bills for a stadium the dont own..
Have I missed something here?
 
Have I missed something here?
3
ddnt safc get huge grants for the stadium?..owner/club only put in £10m or something?
west ham have already paid vastly more than £10m to the taxpayer for their stadium, and west ham owners cant mortgage their on while succcessive safc owners have mortgaged the sol?
 
Got nowt against them really, know a few lads who follow them and they're good lads.

But the only hope i have for the rest of the football season is them going down, purely because of Moyes.
It's a shame innit . They've got the best fans in London. Won next to fuck all since the Norman invasion but they still stand by them . (they've got their arseholes same as us) But, it would be nice to see Moyes sacked again .
 
3
ddnt safc get huge grants for the stadium?..owner/club only put in £10m or something?
west ham have already paid vastly more than £10m to the taxpayer for their stadium, and west ham owners cant mortgage their on while succcessive safc owners have mortgaged the sol?
I'm not sure you'll have to enlighten me how much we got in grants
 
dont think so..think t was under Ken. but could be wrong..taxpayer s gettng a much better deal off est ham than they dd off safc when the taxpayer paid for the stadium of light, or need than they got off man city when thy got the stadium for free, whereas west ham are liable for hundreds of millions of pounds of bills for a stadium the dont own..
Boris Johnson was major of London at the time the deal was signed and also appointed himself head of the LLDC which oversees the management of the stadium.
 
Given the mags are safe anyway I seriously hope they put about 10 past them next week. Can’t stand Moyes at all and he deserves to have his “winning is what I do” statement rammed right up his sphincter
 
3
ddnt safc get huge grants for the stadium?..owner/club only put in £10m or something?
west ham have already paid vastly more than £10m to the taxpayer for their stadium, and west ham owners cant mortgage their on while succcessive safc owners have mortgaged the sol?

And they probably earned more from the Fooka already than we have in 20 years
 

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