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7 minutes ago, Anubis said:

Watching Huddleston trying to get around the pitch is like watching a half-deflated space hopper sticking to the ground with each bounce.

 

Pick that out! 2-2.

To be fair he was pushing a bike uphill even in his prime. Had a hell of a shot once upon a time . Hope we get to see it today. 

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What a joke. Only it isnt funny. To think this lot were shouting null and void and no relegation not so long ago.

 

The London Stadium, home of West Ham United, cost taxpayers an extra £30m last year as the ground’s owners struggled to agree naming rights for the former Olympics venue.

Despite benefitting from a refund in business rates and lower operating costs as matches were played behind closed doors, the stadium, controlled by the taxpayer-backed planning authority London Legacy Development Corporation, remains in the red.

Shareholder’s injected £28.7m of cash through a combination of equity and debt in the year to March 2021, according to recently filed accounts.

Previously published accounts have shown the stadium racking up losses of £450m in the five years to March 2020.

The Hammers, who are currently fifth in the Premier League, pay £2.8m-a-year to use the stadium under an agreement dubbed the “deal of the century” by the Taxpayers' Alliance.

Taxpayers shoulder the cost of running the ground, which includes a multi-million pound annual bill to remove and replace seating so that athletics events can be held as well as West Ham’s home games.

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Under the agreement, taxpayers would benefit significantly if the stadium could secure naming rights. Vodafone pulled out of a £20m-a-year sponsorship deal in 2017.

London Stadium is home to West Ham United
London Stadium is home to West Ham United

West Ham owners David Sullivan and David Gold sold a 27pc stake in the club to “Czech sphinx” investor Daniel Kretinsky in November.

The billionaire - the biggest investor in Royal Mail and one of Sainsbury’s largest shareholders - could soon benefit even further from the stadium deal, as he has an option to take control of the club by buying out Mr Sullivan at a later date.

Stadium bosses want to increase the ground’s capacity from 60,000 to 62,500. If approved this would increase West Ham’s rent by £83,000 - equivalent to just £33-per-seat-per-year.

The stadium is owned by E20, a group which is controlled by LLDC.

A spokesman said: “E20 has been working hard to agree a naming rights deal for London Stadium as part of our commercial strategy to increase commercial revenue for the venue and reduce costs. This market is very competitive and the pandemic has made matters more difficult but we have a compelling offer and we are confident that we will be able to find the right partner.

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“We are bound by the concession agreement signed in 2013 and continue to honour that but London Stadium is one of the world’s best multi-use venues staging world-class events throughout the year like Premier League football, international athletics, Major League Baseball and concerts which generate hundreds of millions of pounds for London’s economy."

A spokesman for LLDC said: “The impact of the onerous historic agreements on the Stadium’s finances are well documented and we are working hard to reduce losses. The stadium sits at the heart of a much wider regeneration scheme that delivers hundreds of millions of pounds from business rates, council tax and world-class events like Major League Baseball and concerts for the local and London economy.”

 

https://www.telegraph.co.uk/business/2022/01/08/taxpayers-pump-another-30m-west-ham-uniteds-stadium/

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4 minutes ago, dockers_strike said:

What a joke. Only it isnt funny. To think this lot were shouting null and void and no relegation not so long ago.

 

The London Stadium, home of West Ham United, cost taxpayers an extra £30m last year as the ground’s owners struggled to agree naming rights for the former Olympics venue.

Despite benefitting from a refund in business rates and lower operating costs as matches were played behind closed doors, the stadium, controlled by the taxpayer-backed planning authority London Legacy Development Corporation, remains in the red.

Shareholder’s injected £28.7m of cash through a combination of equity and debt in the year to March 2021, according to recently filed accounts.

Previously published accounts have shown the stadium racking up losses of £450m in the five years to March 2020.

The Hammers, who are currently fifth in the Premier League, pay £2.8m-a-year to use the stadium under an agreement dubbed the “deal of the century” by the Taxpayers' Alliance.

Taxpayers shoulder the cost of running the ground, which includes a multi-million pound annual bill to remove and replace seating so that athletics events can be held as well as West Ham’s home games.

Advertisement

Under the agreement, taxpayers would benefit significantly if the stadium could secure naming rights. Vodafone pulled out of a £20m-a-year sponsorship deal in 2017.

London Stadium is home to West Ham United
London Stadium is home to West Ham United

West Ham owners David Sullivan and David Gold sold a 27pc stake in the club to “Czech sphinx” investor Daniel Kretinsky in November.

The billionaire - the biggest investor in Royal Mail and one of Sainsbury’s largest shareholders - could soon benefit even further from the stadium deal, as he has an option to take control of the club by buying out Mr Sullivan at a later date.

Stadium bosses want to increase the ground’s capacity from 60,000 to 62,500. If approved this would increase West Ham’s rent by £83,000 - equivalent to just £33-per-seat-per-year.

The stadium is owned by E20, a group which is controlled by LLDC.

A spokesman said: “E20 has been working hard to agree a naming rights deal for London Stadium as part of our commercial strategy to increase commercial revenue for the venue and reduce costs. This market is very competitive and the pandemic has made matters more difficult but we have a compelling offer and we are confident that we will be able to find the right partner.

Advertisement

“We are bound by the concession agreement signed in 2013 and continue to honour that but London Stadium is one of the world’s best multi-use venues staging world-class events throughout the year like Premier League football, international athletics, Major League Baseball and concerts which generate hundreds of millions of pounds for London’s economy."

A spokesman for LLDC said: “The impact of the onerous historic agreements on the Stadium’s finances are well documented and we are working hard to reduce losses. The stadium sits at the heart of a much wider regeneration scheme that delivers hundreds of millions of pounds from business rates, council tax and world-class events like Major League Baseball and concerts for the local and London economy.”

 

https://www.telegraph.co.uk/business/2022/01/08/taxpayers-pump-another-30m-west-ham-uniteds-stadium/

 

 

Ex Tory cunt Major, doing Tory cunt friends a favour. What's new

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