The Palace Fan Posted September 11, 2018 Share Posted September 11, 2018 There seems to be mildly interesting jabs being thrown by West Ham United's owners and the landlords at The London Stadium at present. From what I gather the recent spat has been over fans being upset about a legends feature being removed from the ground. The landlords stated it was removed due to unpaid costs, West Ham made a statement stating that it was because more fees had been introduced for the second consecutive season that they were unaware of and therefore have put their foot down. The landlords responding referring to their own debts and stating that West Ham's yearly costs are less than one games gate receipts. West Ham then claim that they "deliberately" misled the public over London Stadium running costs. LLDC have now requested West Ham retract the statement. The logical thing would be to kick them out. It would create some story but it would be funny as fuck to watch the implosion. Link to comment Share on other sites More sharing options...
Chaaay AFC Posted September 11, 2018 Share Posted September 11, 2018 What a farce, West Ham's move there has just been a disaster so far. Long may it continue. Link to comment Share on other sites More sharing options...
The Palace Fan Posted September 11, 2018 Author Share Posted September 11, 2018 West Ham vice-chairman Karren Brady has accused their London Stadium landlords of financial incompetence. Sky Sports News has obtained a letter from Brady to the London Assembly chairman, Tony Arbour, in which she defends the club's position - and says they are "staggered that the operating costs at the London Stadium exceed revenue". In the letter, Brady takes issue with London Legacy Development Corporation (LLDC) CEO Lyns Garner's remarks in her appearance before the London Assembly last Thursday in which Garner claimed: "The elephant in the room is the fee they [West Ham] pay us [LLDC] for usage costs does not cover the event-day costs." West Ham responded the following day by claiming Garner had been "deliberately misleading the public and taxpayers". That statement was described as "extremely serious and damaging" by LLDC chairman Sir Peter Hendy on Monday night, who went on to call West Ham's claim that the LLDC enjoy £10m in revenue from their association with the club as "simply wrong". But Brady has strongly refuted the claim that West Ham are paying too little rent and accused the LLDC of failing to efficiently manage the stadium costs. West Ham still have 97 years on their lease of the London Stadium in Stratford In her letter to Arbour, Brady wrote: "Firstly, the rent we pay was agreed following a competitive tender. "Secondly, as Mr Hendy has now since kindly confirmed in his letter to you, we pay more than £2.5m by way of Usage Fee. Our rent is now £3m a year. "Thirdly, the Usage Fee is just one component of the aggregate revenue and income earned by E20 Stadium LLP and the Operator derived from the playing of our home matches at the London Stadium. "Fourthly, in our view (with many years of experience of operating a stadium behind us) we are staggered that the operating costs at the London Stadium exceed revenue. In our view, the actual elephant in the room is E20's failure to manage the operating costs competently. "With everything we contribute factored in, the total revenues received by E20 from West Ham United and our activities is c. £10 million a year. "The £6m of catering income, generated solely by West Ham United supporters, is the figure provided to us directly by our landlord. "The distribution of this figure between the landlord and their agents is a matter for E20 so we are not in a position to explain why their return is so low." LLDC have been contacted for comment. Link to comment Share on other sites More sharing options...
Honey Honey Posted September 11, 2018 Share Posted September 11, 2018 Classic London Landlord behaviour. Link to comment Share on other sites More sharing options...
Smiley Culture Posted September 11, 2018 Share Posted September 11, 2018 I'd fancy the LLDC employees in this one. West Ham couldn't beat an egg at the minute. Link to comment Share on other sites More sharing options...
Danny Posted September 11, 2018 Share Posted September 11, 2018 Still can't believe they left Upton Park for this, what benefit has there been so far exactly? Link to comment Share on other sites More sharing options...
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