Football Forum | Ticket Forum | Off-Topic Forum | All

Rossal 11:41 Tue Mar 28
West Ham 'could finally purchase the London Stadium'

https://www.dailymail.co.uk/sport/football/article-11909111/West-Ham-finally-PURCHASE-London-Stadium-new-deal.html

SurfaceAgentX2Zero 11:54 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

Apparently it's costing the landlords £10m a year, even if the naming rights get sold.

So on the basis we should get it for minus whatever the net present value is over 90 years of £900m. Ish.

That's our next year's t/f budget covered.

Willtell 12:01 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

I heard that it is £20m a year losses Surface.

SurfaceAgentX2Zero 12:03 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

willtell

Maybe the difference is the naming rights caveat. It's a lot anyway and can only be to the club's benefit.

Side of Ham 12:04 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

Where did you hear that Willwall through the rapevine?

El Scorchio 12:07 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

Probably the last piece of Sullivan's 'get rich' jigsaw if he can get it on the cheap and tack it on to the club's value.

Side of Ham 12:10 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

*grapevine

Willtell 12:20 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

"Unaudited accounts that have been reportedly viewed by The Times apparently show the true extent of a £31.1 million operating loss for the year ending March 31, 2022."

Dr Matt 12:35 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

We should sell Rice, Scammy and Pacquers and then buy the whole Olympic Park and Westfield.

We’d be bloody huge!

Can then like rent it out and stuff to baseball and NFL and cricket.

Kaiser Zoso 12:38 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

I wouldn’t mind us focusing on being a decent Premier League team first

Takashi Miike 12:45 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

What exciting news 😂

easthammer 12:59 Tue Mar 28
Re: West Ham 'could finally PURCHASE the London Stadium'

Can understand that West Ham owning the Stadium would be good from a football perspective. And assuming Athletics were kicked out West Ham would at considerable cost be free to re-design the seating.

However, from a financial point of view, why would you want to take on the operating losses of 20-30 million a year? Okay, you would save the rent but that is only a couple of million. Not sure staging a few NFL games, Boxing Matches and Pop Concerts would cover the full operating costs. And that assumes that we get the Stadium for next to nothing.

El Scorchio 1:18 Tue Mar 28
Re: West Ham 'could finally purchase the London Stadium'

It's an interesting conundrum- why indeed would we take on a load more responsibility when from a financial POV it's a great situation as it stands if any benefits don't outweigh the cost. Be interesting to know what the operating costs are and why they are such a drain- be interesting to know the operating costs of most PL grounds to see how this stacks up.

I can't see Sullivan being keen to buy it unless it's to prepare for an imminent sale. It's a convenient thing for him and Brady to hide behind and say 'Not our fault the stadium is this and that. We'd do it if we could- it's someone else's responsibility.' Owning it takes all that excuse away and makes them directly responsible. Someone with proper money and ambition could really do a good job with it, though.

oioi 1:22 Tue Mar 28
Re: West Ham 'could finally purchase the London Stadium'

I'd buy it, wait a few years, knock it down and build very expensive apartments. Then build West Ham United a superb football stadium somewhere cheaper.

There's got to be a decent profit in that.

SurfaceAgentX2Zero 1:30 Tue Mar 28
Re: West Ham 'could finally purchase the London Stadium'

easthammer

There is zero chance of West Ham ever paying a penny for the stadium. It will be a matter of how much someone will accept to take it off E20Stadium's hands.

In order to get ownership West Ham will merely have to accept a smaller payment than anyone else. That payment will be huge. I can't see anyone else being interested at any price, what with the sitting tenant that has an iron-clad 90 year lease. One big rock concert a year (if you can get it in competition with Wembley, Twickenham, and all the other London clubs) just won't cut it.

The LLDC had their chance to get some money for it 10 years ago and blew it. Thanks to Tottenham Hotspur FC. And we really should thank them.

When what, for all practical purposes, is the government does inevitably take this loss, the PR will be appalling. Personally, I don't care one bit, and the owners of West Ham will care even less.

yngwies Cat 2:01 Tue Mar 28
Re: West Ham 'could finally purchase the London Stadium'

Dr Matt 12:35 Tue Mar 28

And the gaff that's been putting on the Abba Show by Pudding Mill

J.Riddle 2:49 Tue Mar 28
Re: West Ham 'could finally purchase the London Stadium'

I expect the mooted LLDC 4 year groundshare with Chelsea will go someway to mitigate the costs. The owners keep barking on about what a great deal they have, but fail to mention they have no say outside the days of use.

Mike Oxsaw 2:53 Tue Mar 28
Re: West Ham 'could finally purchase the London Stadium'

It would be financial madness for the club - or indeed anybody - to buy the ground (Coe & co. should be forced to, if anybody).

There's no way - without knocking the cunt down, clearing the site completely of radioactive material (not just burying it a bit deeper) and a complete rebuild - with PROPER transport links - will the place turn a profit in the next 50 years.

Vexed 3:04 Tue Mar 28
Re: West Ham 'could finally purchase the London Stadium'

Stop talking like you've ever fucking been there Oxsaw you tedious bag of offal.

goose 3:13 Tue Mar 28
Re: West Ham 'could finally purchase the London Stadium'

if the stadium makes such a loss every year, where's the motivation to buy it?

might as well carry on as we are.

Willtell 3:30 Tue Mar 28
Re: West Ham 'could finally purchase the London Stadium'

The thing is WHU aren’t even talking to LLDC as far as we know.

Lady Brady sent them a letter which was publicly exposed asking why they haven’t allowed WH to discuss taking over from LLDC but spoke with PAI? All because we are suing them for a reduction on food and drink prices apparently!

I’m guessing but it seems that Sullivan’s modus operandi would be that WHU would welcome taking on the stadium but not paying out any money for it.

Ive also no doubts that WHU would certainly reduce losses to break even eventually and an asset worth hundreds of millions on the books would improve WH’s value immensely…

Page 1 - Next