West Ham could have the opportunity to buy the London Stadium for around £50m, but Hammers News can exclusively reveal the club remains reluctant to…
West Ham are reluctant to purchase the London Stadium for an estimated £50m despite London Mayor Sadiq Khan being open to a sale. A senior West Ham source revealed that the stadium is worth "zero" without additional land, warning that purchasing the venue could expose the club to an estimated £20m annual operating loss compared to their current tenancy agreement.
Additional obstacles include minimal net returns from catering, unsold naming rights over the past decade, and looming capital expenditure for stadium roof and bridge repairs. The club would also still face complications from UK Athletics' 50-year concession agreement at the venue.
Get the latest sports news and top stories from MySportsTab delivered straight to your inbox.
No spam. Just the latest sports news and updates.
