latest accounts for the London Stadium the “underlying operating position for the group is a loss of £14.1million (2022-23: £15.8million)”. That would work out at a loss of hundreds of thousands of pounds for each of West Ham’s home matches.
The club pay rent of £3.6million a season but do not have to pay for heating, cleaning, maintenance or even the cost of goalposts and corner flags, while they keep all the ticket money and a share of the catering income.
One London Assembly member has referred to it as “the deal of the century”. The concession agreement struck when Boris Johnson was the London mayor did not even oblige West Ham to pay more in rent when the stadium’s capacity increased from 53,500 to 62,500.
Wonder where that sits in the FFP books