• Loading stock data...
Thursday, September 4, 2025
Fox Analyst and Media Entrepreneur Greg Olsen to Speak at Tuned In Get your ticket now!

West Ham United ‘Open’ to London Stadium Purchase

  • West Ham signed a 99-year lease with the city of London in 2016
  • The club’s rent doesn’t nearly cover the costs of staging matches there.
A view of fans inside London Stadium before a West Ham United home match.
West Ham United

West Ham United is reportedly “open” to the outright purchase of London Stadium, which continues to be a burden to London taxpayers.

The Hammers have called the stadium — initially constructed as the centerpiece for the 2012 Summer Olympics — home since 2016, when the club signed a 99-year lease with the city at $3.1 million per year, which later increased to $4.4 million per year.

However, in 2018 Lyn Garner, CEO of the stadium’s partial owner, the London Legacy Development Corporation, said that West Ham’s rent doesn’t nearly cover the costs of staging matches there and sets the organization up for “losses for the next 97 years.”

A view of Manchester United stadium, Old Trafford

Man United Bids Reportedly Fall Short of Glazers’ Asking Price

The Glazers are reportedly looking for $7.4 billion to sell the club.
March 28, 2023

Taxpayers largely covered a $397 million renovation of the grounds to convert it into a multipurpose stadium, with West Ham contributing $18.5 million.

Since then, LLDC has been working on nailing down a naming rights deal for the stadium that Garner is “very confident” will happen this year.

LLDC has accounted for $246 million to cover future losses related to the stadium — but that figure is being challenged by auditors and could significantly increase if the city continues to own the stadium.

Czech businessman Daniel Kretinsky, who owns a 27% stake in West Ham and has been rumored to be trying for a full takeover, has said he would be open to purchasing London Stadium, according to The Times.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Barcelona, AC Milan Abroad? Fan Groups Reject Travel Plans

Supporter groups warn of a “Pandora’s box” if overseas games happen.

Liverpool’s $598M Transfer Spree: End of the Title Race Already?

A deal for Swedish striker Alexander Isak highlights a record outlay.

Gareth Bale: MLS Quality Hurt By Low Salaries

Bale said MLS salaries aren’t competitive enough to lure stars from Europe.
Aug 6, 2025; Los Angeles, California, USA; Son Heung-min poses during an LAFC introductory press conference at BMO Stadium

Son Heung-Min Effect Will Hit Big for MLS and L.A.

With a record signing, the South Korean supernova has landed at LAFC.

Featured Today

Oct 13, 2024; Philadelphia, Pennsylvania, USA; Philadelphia Eagles quarterback Jalen Hurts (1) and wide receiver A.J. Brown (11) celebrate their touchdown pass during the second quarter against the Cleveland Browns at Lincoln Financial Field.

TV Ratings Just Changed Again. The NFL Will Be the Big Winner

Nielsen’s new viewership system will have a big impact on sports.
Ohio State Buckeyes wide receiver Jeremiah Smith (4) celebrates with offensive lineman Donovan Jackson (74) after a touchdown catch against Notre Dame Fighting Irish in the first quarter during the College Football Playoff National Championship at Mercedes-Benz Stadium in Atlanta on January 20, 2025.
August 30, 2025

The Most Expensive Roster Year in College Football History

The House settlement created revenue-sharing—and a big NIL loophole.
August 26, 2025

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
Paralympics Tiktok
August 25, 2024

The Wildly Successful Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
January 13, 2025

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Sponsored

Gareth Bale on MLS vs EPL, Retirement & Buying Cardiff City

Gareth Bale shares his post-soccer business playbook.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.
August 1, 2024

Saudi Arabia Submits Bold World Cup Bid That Includes a Cliffside Arena

The Saudis are proposing a new stadium in a futuristic city called Neom.
John John Florence (USA) surfs in men’s round two competition during the Tokyo 2020 Olympic Summer Games at Tsurigasaki Surfing Beach.
July 29, 2024

Olympic Surfers Won’t Get Their Full Paris Moment

‘We’re kind of separate off on our own little thing over here.’
Teahupo'o Tahiti Surfing
July 26, 2024

Olympic Surfing Crashes on Tahiti Like a Wave

For Teahupo‘o’s locals, the Olympics are a mixed blessing.