[Football] West Ham stadium details

[Bozza]

- £2.5m per year in rent in Premier League.
- £1.25m per year in rent if relegated.
- 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.
- £1m if West Ham win the Champions League
- £250k if West Ham qualify for the Champions League group stages
- £100k if West Ham win the FA Cup or Europa League, or qualify for it
- £100k if West Ham finish in the top five in the Premier League, with smaller payments for other positions in the top 10

BBC article here: http://www.bbc.co.uk/sport/football/36043808
Full 207 page document here: http://queenelizabetholympicpark.co.uk/~/media/lldc/concession agreement 2016.pdf

 

[mejonaNO12 aka riskit]

That's the same cost Reading paid to rent Vydria for a year.

Think West Ham have done quite well out of that.

 

[CHAPPERS]

So 15 million and 2.5 million rent for a stadium like that? Crazy.

 

[Bozza]

So 15 million and 2.5 million rent for a stadium like that? Crazy.

That has cost at least £272m to convert for football usage!

 

[The Andy Naylor Fan Club]

They only contributed £14 Million towards the £270 Million costs in turning it into a football stadium as well.

 

[Giraffe]

Absolutely nuts, a classic case of the public sector being run by total idiots.

I also believe that they get all the stewarding free with the stadium rent as well?

 

[The Andy Naylor Fan Club]

Do they own The Boleyn ground?
If so how much is that going to generate for them?

 

[carlzeiss]

Do they own The Boleyn ground?
If so how much is that going to generate for them?

Yes they do and the owners are permitted to keep the proceeds .

 

[Bozza]

Do they own The Boleyn ground?
If so how much is that going to generate for them?

Sold to property developers for £60-70m I believe.

 

[Official Old Man]

Naming rights.
What's the going rate?
First £4 million to the owners and the rest split between owners & WHU. They could make a profit without playing a game.

 

[The Andy Naylor Fan Club]

Yes they do and the owners are permitted to keep the proceeds .

Jeez. It wouldn't be so bad if LLDC had come to the current agreement with a proviso that West Ham gave them the Boleyn ground in return.

 

[The Andy Naylor Fan Club]

Sold to property developers for £60-70m I believe.

Happy days for Gold and Sullivan all round then.

 

[TWOCHOICEStom]

"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.""

No, but you could be expected to pay for the staff, heating and lighting on the 25 days you DO use it.

 

[Triggaaar]

It's really quite upsetting to see our money being thrown at rich businessmen like that.

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

Every other club has to pay for their stadium, just for the 25 days use.

 

[The Andy Naylor Fan Club]

"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.""

No, but you could be expected to pay for the staff, heating and lighting on the 25 days you DO use it.

Does the LLDC have rights to use the stadium for the other 340 days of the year to raise additional revenues?

 

[Pinkie Brown]

That has cost at least £272m to convert for football usage!

This figure I really struggle to comprehend. How did it cost so much when the basic infrastructure of the stadium including transport facilities at Stratford were already in place? Very different to the Amex where the whole thing was started from scratch. To an outsider, it appeared to just need some adaptive reuse alterations and other tweaking? £272 million worth though?

 

[KVLT]

Absolutely nuts, a classic case of the public sector being run by total idiots.

I also believe that they get all the stewarding free with the stadium rent as well?

Below is a list of other items, outlined in the agreement made public on Thursday October 8th 2015, which the Hammers will not have to fund:

Undersoil heating and floodlighting
Ticket office and turnstiles
Drug testing and medical facilities
Concession areas cleared of snow and ice as required
Team changing rooms, plus changing rooms for ball persons and officials
Security, cleaning, pest control
Stadium tannoy, generator, CCTV surveillance system and monitors
LED pitch-side signage, scoreboards and jumbo video screens at each end of the pitch

Shady, shady Karren Brady.

 

[Easy 10]

This is what happens when a government and local authority throw VAST amounts of public cash at an enormous vanity project for 2 weeks of running and jumping, with absolutely NO viable legacy in place afterwards.

Distasteful as it is, West Ham have merely taken advantage of that folly and brokered the best deal they could get. Theirs was the ONLY deal on the table whereby the LLDC could at least claw back a tiny proportion of the cataclysmic amount of money they spunked on that stadium. Short of tearing the whole thing down and building flats on the site (never gonna happen, the fallout from that would be just as bad if not worse), West Ham was the only deal in town.

LLDC were over a barrel, and have been brutally f****d over accordingly. Don't blame West Ham. Blame the egos and the politicians who gave this thing the go-ahead in the first place with no plans on what to do with a 60,000 seater athletics stadium once the Games had been and gone.

 

[KVLT]

Karren Brady:

"During the negotiations, did I do the best deal I could for West Ham United? Of course I did, that's my job, but not at the expense of the taxpayer. I think what is very clear to anyone reading the agreement for the first time, is just how determined I was to protect the rights of West Ham United and our fans during the negotiations, while also ensuring it was fair to the taxpayer."

 

[sparkie]

I presume West Ham get nothing from matchday food and drink sales ?