[Football] West Ham takeover

[Nobby Cybergoat]

So the W Ham owners might sell up. What do their fans think of this? Are the owners popular now they've had a good season?

 

[Springal]

So the W Ham owners might sell up. What do their fans think of this? Are the owners popular now they've had a good season?

West Ham owners will never be popular, the way the stadium was handled, the way the move was handled, the feeling of massive underinvestment (there wasn't - they just squandered a lot of it on bad managers / players) etc. But much like Newcastle fans they should be careful what they wish for? This new 'bid' has come from a far-east based property investment company right?

 

[Nobby Cybergoat]

West Ham owners will never be popular, the way the stadium was handled, the way the move was handled, the feeling of massive underinvestment (there wasn't - they just squandered a lot of it on bad managers / players) etc. But much like Newcastle fans they should be careful what they wish for? This new 'bid' has come from a far-east based property investment company right?

If they keep having very good seasons like that you'd think they can turn it around with the fans. Moyes seems to have done.

 

[highflyer]

Didn't cost WHU very much at all, here is the breakdown:

"The largest chunk of funding for the transformation comes from a one-off settlement of £148.8m from the exchequer in 2010. On top of that Newham council provided £40m through a loan (in return for a 35% stake), almost £40m came from the original £9.3bn budget for the Olympics and a further £25m from the government. UK Athletics invested £1m and the London Marathon Charitable Trust provided £3.5m.

West Ham agreed to pay £15m towards the overall conversion costs, plus a basic £2.5m a year in rent. The rest of the conversion budget is funded by London Legacy Development Corporation (LLDC)."



They pay £2.5M a year rent, and if they get relegated that is halved. It's basically a free stadium, if they have got themselves into massive debt, then it isn't to do with the stadium costs.

They don't even pay fore the stewards, that is covered by the owners/council.

To be fair (to me), I was only providing a translation of the statement, not confirming it's veracity!

I know naff all about West Ham, and their finances. And intend to keep it that way.