West Ham United news: London Stadium owners predicted to lose 5million over disputes with club

West Ham United news: London Stadium owners predicted to lose 5million over disputes with club
The owners of the London Stadium are predicted to lose up to 5million due to legal disputes with West Ham United.According to The Times, the London Legacy Development Corporation (LLDC) believe costs will reach the amount by the end of the present financial year, with 3.6million of the predicted loss used to defend against West Ham’s attempts to increase the capacity of the stadium.1

West Ham agreed a 99-year tenancy of the London Stadium in 2013

West Ham wanted full use of the 66,000 seats at the London Stadium under the existing terms of their 99-year lease, meaning they would not have had to pay additional rent.The LLDC fought West Ham over their plans, however, and the case was settled last month with the club forced to pay an extra 250,000 per season to use a further 3,000 seats.To use the full capacity, West Ham will have to stump up an extra 450,000 per season. Other legal cases have caused further costs, including an issue over the colour of the material surrounding the pitch.Karren Brady, the West Ham vice-chairman, said earlier this year that West Ham would be interested in buying the London Stadium should it’s owners go bust.

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