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The stadium lost 29m in 2019/2020 . That’s more than predicted.
What ever will it lose in 2020/2021?
Let’s not forget any money pumped into this is Taxpayers money.
There may be trouble ahead.......
Disgraceful state of affairs. How and why have they got away with this?The stadium lost 29m in 2019/2020 . That’s more than predicted.
What ever will it lose in 2020/2021?
Let’s not forget any money pumped into this is Taxpayers money.
There may be trouble ahead.......
Sad thing is, what with recent events,.I can see them being offered it at a very low price.So the taxpayer gets had over twice.
It rings a bell, but if they are losing as much as is suggested, then something will change.Wasn’t there a legal point about it being an athletics stadium for a certain amount of time? Or did I imagine that?
That's the most likely outcome. But it's not great for them. The stadium is a turd and as the saying goes, you can't polish a turd. The area is not fit for football and the stadium is not fit for football.Sad thing is, what with recent events,.I can see them being offered it at a very low price.So the taxpayer gets had over twice.
Yes, UK athletics signed a 50 year lease for the stadium in 2013.Wasn’t there a legal point about it being an athletics stadium for a certain amount of time? Or did I imagine that?
the worst part of that statement is that we would have been so far out in front from the pack at the top of the table, we'd be having nose bleeds!The fact we are just 1-4 points behimd Liverpool and United with so many dropped points, it's riidiculous
Boris Johnson was London Mayor at the timeHow on earth does a stadium lose 29 mil a year ? Am I missing something obvious ?
West Ham pay £2.5 m per year to rent it for starters! They don't even pay for policing! The fact that they are the "main" tenant directly affects their landlords from being able to recoup revenue from other sports, so it's a double whammy. Not to mention that they can't secure a nameing rights partner, made all the more difficult when your major tenants are known racists, invade the pitch, have punch-ups in and out of the stadium, have owners/directors who are porn stars, porn barons and sell fake lace crotchless panties and dildos, that's not a good fit for say HSBC to have their name associated with.How on earth does a stadium lose 29 mil a year ? Am I missing something obvious ?
be interesting..one would assume that, as with most assets, its would be sold off to pay debts.West Ham pay £2.5 m per year to rent it for starters! They don't even pay for policing! The fact that they are the "main" tenant directly affects their landlords from being able to recoup revenue from other sports, so it's a double whammy. Not to mention that they can't secure a nameing rights partner, made all the more difficult when your major tenants are known racists, invade the pitch, have punch-ups in and out of the stadium, have owners/directors who are porn stars, porn barons and sell fake lace crotchless panties and dildos, that's not a good fit for say HSBC to have their name associated with.
If your landlord goes out of business you are still made homeless though.
We should buy the stadium just so we can kick the pikeys out and make them homeless !It cost the stadium owners £280,000 per week to to run the stadium, West ham pay them £150,000. So there is already a big loss, Some of that loss is recouped through other events, but there have been no other events since last March.. Lets not forget that £29m loss is pre- covid so god only knows what the loss will be next year.
No one will want to take on that risk so it will continue to be bailed out by the tax payer. Anyone who did want to buy it would insist on a massive contribution from the government because they would be doing them a favour by taking it off their hands. but the Government cannot be seen to be throwing more money into a stadium that has cost so much already, especially with the country on it's knees.
The club themselves will not want to buy it for that very reason, on the other hand there is a seriously big concern that they could end up homeless..
It pains me to being you this sad news but it's true.
I think that West Ham's long-term plan.Sad thing is, what with recent events,.I can see them being offered it at a very low price.So the taxpayer gets had over twice.
Pretty sure that was an EU ruling on state aid letting them buy it cheaply ... Post Brexit thoughWasn’t there a legal point about it being an athletics stadium for a certain amount of time? Or did I imagine that?