London Stadium costing taxpayer £1MILLION A WEEK to maintain with West Ham’s rent so low it leaves huge shortfall

London Stadium costing taxpayer £1MILLION A WEEK to maintain with West Ham’s rent so low it leaves huge shortfall
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London Stadium costing taxpayer £1MILLION A WEEK to maintain with West Ham’s rent so low it leaves huge shortfall
Author: Richard Moriarty
Published: Jan, 12 2025 09:36

Sponsored by. THE London Stadium cost the taxpayer more than £50million last year — according to the firm that runs the Olympic landmark. E20 LLP, the company that controls the stadium’s running, lost £51.3m in 2024 — the equivalent of almost £1m-a-week.

 [London Stadium before a Premier League match.]
Image Credit: The Sun [London Stadium before a Premier League match.]

Alarmingly, the ground's owners predict future losses of £206.7m — also to be footed by the taxpayer. Predicted losses have shot up by £21m since last year. And the owners have warned the amount could increase again in the future. The £206.7m losses relate to the costs of hosting West Ham and UK Athletics events over the remaining terms of the two agreements.

Tenants West Ham are the venue’s main users — but the Premier League club have no say in the daily running of the site. West Ham’s rent is so low it does not even cover the cost of repairs or staging their matches throughout the season. The Hammers paid £4.4m rent last season — leaving a huge shortfall, as the stadium required £8.3m to be spent on repairs and fitting solar panels on the roof.

E20’s annual report revealed: “The agreements continue to present significant challenges for the long-term future financial performance of the stadium. CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS. “The cost of hosting West Ham and of moving relocatable seats between football and athletics modes are loss-making.”.

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