London Stadium would be in debt within just six matches if West Ham are relegated
PUBLISHED: 12:33 01 December 2017 | UPDATED: 13:06 01 December 2017
The London Stadium’s finances could get even worse if West Ham are relegated this season.
The concession agreement, which was released in 2015, states that the £2.5 million annual fee will be halved to £1.25m for any season that West Ham play in a division lower than the Premier League.
This covers up to 25 home matches a season, with a £100,000 additional cost for any additional match, regardless of league.
A season in the Championship would see the team play 23 home matches before any cup games and friendlies are factored in.
Currently, though, matchday costs at the London Stadium stand at £220,000 a game - which would mean that the stadium is making a loss by the time 12 home games have been played.
In the Championship - assuming the costs remain the same - the stadium would be making a loss shortly after half time in the sixth home game of the season.
So far, the Hammers have played seven home games this season, having had to reverse their fixture with Southampton in August due to the stadium not being ready in time after the athletics world championships.
If the Hammers manage to avoid a home tie in the third round of the FA Cup, their tie against Bournemouth on January 12 will mark the season’s matchday costs exceeding the amount paid in rent.
West Ham currently sit 18th in the Premier League, two points from safety, and face Manchester City, Chelsea and Arsenal - who are all currently in the top four - in their next three matches.
If you value what this story gives you, please consider supporting the Newham Recorder. Click the link in the orange box above for details.