West Ham stadium deal
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West Ham stadium deal
It's been disclosed that West Ham will pay £2.5m per year on a 99 year, non increasing lease, for the Olympic Stadium in London.
That figure is peanuts now, so in a few years it will be virtually free. What a deal they've got themselves, especially as the LLDC have already spent £260m converting it to a football friendly stadium which, for those of you who didn't study maths at school, is more than West Ham will pay in rent over the whole term of the lease!
Brown envelopes have been spotted in East London
That figure is peanuts now, so in a few years it will be virtually free. What a deal they've got themselves, especially as the LLDC have already spent £260m converting it to a football friendly stadium which, for those of you who didn't study maths at school, is more than West Ham will pay in rent over the whole term of the lease!
Brown envelopes have been spotted in East London
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Re: West Ham stadium deal
Maybe it's the Irish Catholics?Bomber wrote:Must have reasonable junior fees there
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Re: West Ham stadium deal
All payments are linked to Retail Price Index (UK equivalent of CPI) so the numbers are inflation-adjusted to 2016 prices.Nice One Cyril wrote:That figure is peanuts now, so in a few years it will be virtually free.
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Re: West Ham stadium deal
Yeah, I saw that, but it's not what the original article said. In fact RPI is normally more than the CPI (hence why the Government use CPI for pensions).pernunz wrote:All payments are linked to Retail Price Index (UK equivalent of CPI) so the numbers are inflation-adjusted to 2016 prices.Nice One Cyril wrote:That figure is peanuts now, so in a few years it will be virtually free.
Even so, it's less than the wages of an average player, they get a cut of naming rights and catering (over a certain threshhold) and they don't pay for stewarding, policing, upkeep, not even the goalposts and corner flags! Can't blame Karren Brady doing the best for her club, but the officials at the LLDC need a rocket up their jacksy. No wonder they fought so hard to keep the details secret.
"The game is about glory, doing things in style and with a flourish, going out and beating the other lot, not waiting for them to die of boredom."Victor Meldrew wrote:A decent govt..... like uk.
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Re: West Ham stadium deal
My understanding is that it was a competitive tendering process, and the alternative would have been a white elephant.
West Ham are only allowed an initial quota of 25 competitive games per event year. For competitive matches, the rent is £100,000 per game (the same figure for each additional competitive game above 25 if cup/European competitions)
Also pay £100,000 if the club wins the FA Cup, qualifies for the Europa League, or wins the Europa League. £250,000 if the clubs qualifies for the Champions League, and £1,000,000 if the club wins it.
The government get the first £500,000 a year of catering revenue, and then there is a 70/30 split between them and the club after that.
The government retains all naming rights. They get the first £4 million of any naming rights deal per Event Year, and any amount above that is split 50/50 with the club. However, the payment to the club is limited to an amount that is less than however much the club has paid in: (i) Usage Fee and Operating Costs; (ii) League Position Payments; (iii) Performance Payments. Basically the club can't be paid more than the club give the government in rent and its associated bonus payments.
West Ham are only allowed an initial quota of 25 competitive games per event year. For competitive matches, the rent is £100,000 per game (the same figure for each additional competitive game above 25 if cup/European competitions)
Also pay £100,000 if the club wins the FA Cup, qualifies for the Europa League, or wins the Europa League. £250,000 if the clubs qualifies for the Champions League, and £1,000,000 if the club wins it.
The government get the first £500,000 a year of catering revenue, and then there is a 70/30 split between them and the club after that.
The government retains all naming rights. They get the first £4 million of any naming rights deal per Event Year, and any amount above that is split 50/50 with the club. However, the payment to the club is limited to an amount that is less than however much the club has paid in: (i) Usage Fee and Operating Costs; (ii) League Position Payments; (iii) Performance Payments. Basically the club can't be paid more than the club give the government in rent and its associated bonus payments.
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Re: West Ham stadium deal
they're basically giving away season tickets as well as they know they don't have a hope in hell of selling it out. Apparently it will be the second largest club ground in the country. How laughable then that it went to a club not capable of selling it out.
This deal is going to leave clubs like Orient in a lot of trouble.
This deal is going to leave clubs like Orient in a lot of trouble.
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Re: West Ham stadium deal
God is an Englishman wrote:they're basically giving away season tickets as well as they know they don't have a hope in hell of selling it out. Apparently it will be the second largest club ground in the country. How laughable then that it went to a club not capable of selling it out.
This deal is going to leave clubs like Orient in a lot of trouble.
Bitter much?
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Re: West Ham stadium deal
Why would I be bitter?Wayne Kerr wrote:God is an Englishman wrote:they're basically giving away season tickets as well as they know they don't have a hope in hell of selling it out. Apparently it will be the second largest club ground in the country. How laughable then that it went to a club not capable of selling it out.
This deal is going to leave clubs like Orient in a lot of trouble.
Bitter much?
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Re: West Ham stadium deal
Not too many christians in that area of town.Brian the Postman wrote:Maybe it's the Irish Catholics?Bomber wrote:Must have reasonable junior fees there
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Re: West Ham stadium deal
God is an Englishman wrote:Why would I be bitter?Wayne Kerr wrote:God is an Englishman wrote:they're basically giving away season tickets as well as they know they don't have a hope in hell of selling it out. Apparently it will be the second largest club ground in the country. How laughable then that it went to a club not capable of selling it out.
This deal is going to leave clubs like Orient in a lot of trouble.
Bitter much?
West ham can potentially be playing in Europe next year, whereas Millwall are still sh1t!
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Re: West Ham stadium deal
What's that got to do with this stadium deal and Leyton Orient?Wayne Kerr wrote:West ham can potentially be playing in Europe next year, whereas Millwall are still sh1t!
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Re: West Ham stadium deal
God is an Englishman wrote:What's that got to do with this stadium deal and Leyton Orient?Wayne Kerr wrote:West ham can potentially be playing in Europe next year, whereas Millwall are still sh1t!
plenty!
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Re: West Ham stadium deal
Please explain how the affect of this stadium deal on Leyton Orient has anything to do my my club and European football.Wayne Kerr wrote:God is an Englishman wrote:What's that got to do with this stadium deal and Leyton Orient?Wayne Kerr wrote:West ham can potentially be playing in Europe next year, whereas Millwall are still sh1t!
plenty!
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Re: West Ham stadium deal
Look who raised Leyton Orient first.Wayne Kerr wrote:God is an Englishman wrote:What's that got to do with this stadium deal and Leyton Orient?Wayne Kerr wrote:West ham can potentially be playing in Europe next year, whereas Millwall are still sh1t!
plenty!
Back on topic I do believer its crazy lease deal , but from Hammers perspective a real gift.
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Re: West Ham stadium deal
Yeah but according to some people they are always responsible for things not going rightGod is an Englishman wrote:Not too many christians in that area of town.Brian the Postman wrote:Maybe it's the Irish Catholics?Bomber wrote:Must have reasonable junior fees there
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Re: West Ham stadium deal
God is an Englishman wrote:Please explain how the affect of this stadium deal on Leyton Orient has anything to do my my club and European football.Wayne Kerr wrote:God is an Englishman wrote:
What's that got to do with this stadium deal and Leyton Orient?
plenty!
no
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Re: West Ham stadium deal
That would be about right though.Brian the Postman wrote:Yeah but according to some people they are always responsible for things not going rightGod is an Englishman wrote:Not too many christians in that area of town.
Time for some righteous indignation
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Re: West Ham stadium deal
God is an Englishman wrote:I'll take that as you can't then, thanks for playing.
But, I am not playing your game.
the fact remains, your just jealous of the fact that West ham has received a massive win in this stadium deal, but being a millwall tosser, you have to take a pot shot at them.
It Must really burn you to see them do well in the EPL!
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Re: West Ham stadium deal
If Millwall played in that stadium we'd lose all our fans. Can't see too many being happy about playing in east London.Wayne Kerr wrote:God is an Englishman wrote:I'll take that as you can't then, thanks for playing.
But, I am not playing your game.
the fact remains, your just jealous of the fact that West ham has received a massive win in this stadium deal, but being a millwall tosser, you have to take a pot shot at them.
It Must really burn you to see them do well in the EPL!
However, that has got nothing to do with Leyton Orient.
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Re: West Ham stadium deal
They have pray for United to get at least a point against Bournemouth and then beat Palace on Saturday, for them to qualify for the Europa League.
"The game is about glory, doing things in style and with a flourish, going out and beating the other lot, not waiting for them to die of boredom."Victor Meldrew wrote:A decent govt..... like uk.
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Re: West Ham stadium deal
I agree, the Olympics were greatJuventino wrote:They do open the venue with a good game, I must say.
Re: West Ham stadium deal
Fine. West Ham start their tenure with a good game.God is an Englishman wrote:I agree, the Olympics were greatJuventino wrote:They do open the venue with a good game, I must say.
Re: West Ham stadium deal
The point against Bournemouth is irrelevant.Nice One Cyril wrote:They have pray for United to get at least a point against Bournemouth and then beat Palace on Saturday, for them to qualify for the Europa League.
5th Qualifies for the Europa League
6th Qualifies for the Europa League because Man City won the League Cup, and have earned qualification to the Champions League by finishing 4th in the league
7th will qualify for the Europa League if the winners of the FA Cup have an alternate route to European Competition.
As Manchester United cannot finish lower than 6th, they have qualified for the Europa League regardless of the remaining matches.
Either West Ham or Crystal Palace will be in the Europa League depending on the result of the FA Cup Final.
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