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News
West Ham exploiting £250m opportunity as paperwork officially submitted
West Ham have bucked the trend with their big spending in the current transfer window.
Old-school centre-forward Niclas Fullkrug became West Ham’s latest signing this week after signing from Borussi Dortmund.
He joins Max Kilman, Crysencio Summerville, Luis Guilherme, Guido Rodriguez and Wes Foderingham as new additions to Julen Lopetegui’s squad.
Now, Newcastle United and England right-back Kieran Trippier has become the latest name linked with West Ham.
Like every other Premier League club, West Ham‘s ability to spend under the terms of Profit and Sustainability Rules is tied to their revenue.
The Hammers are one of just a handful of clubs to have more or less broken even in recent seasons, giving them the flexibility spend up to the Premier League’s £105m, three-year loss limit.
West Ham earned £41m matchday income in the last financial years and, thanks in part to controversial new ticketing policies, will likely surpass that figure again in 2024-25.
The London Stadium is one of the biggest in the Premier League and its value to West Ham has been illustrated thanks to the latest financial news.
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London Stadium finances revealed as West Ham benefit laid bare
West Ham have had a turbulent relationship with the London Stadium landlords, LLDC, since they moved into the ground in 2016.
The Hammers pay a peppercorn rent but are unable to retain cash from catering, while the first £4m of any naming rights deal would go to LLDC, with the remainder split 50-50 with the club.
West Ham had previously been in talks with Allianz but the German finance services firm have now signed a £100m naming rights deal at Twickenham, home of England rugby.
However, it is widely accepted that the benefits of the 62,000-seater stadium far outweigh the negatives.
And that has been reinforced by the latest information relating to the former Olympic venue.
As relayed by The earlier this week, the publicly-funded London Stadium’s accounts showed that it cost the taxpayer £21m last year.
That takes the total losses incurred by the stadium to over £250m.
With West Ham paying around £4m per year but recouping more than 10 times that in matchday revenue, the latest news shows how good that deal is for the Irons.
TBR Analysis: Would West Ham ever buy the London Stadium?
It might seem counterintuitive for West Ham to spend a nine-figure sum on buying the London Stadium outright, but it has been suggested.
Reports last year claimed that the club were open to the idea, which would allow them to redevelop the arena beyond the reconfigurations that they are limited to at present.
It would also allow them to take the full value of a naming rights deal.
But the cost involved would take a long time to recoup.
And with the future ownership of the club uncertain, it seems unlikely that the current regime will invest huge sums in a capital expenditure project any time soon.