Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13971)           
UK only International

Taxpayers to cover most of West Ham stadium costs

By Tom Anstey    06 Aug 2015
West Ham United is understood to be paying around £2.5m (US$4m, €3.5m) a year in rent

The British taxpayer will be footing a large chunk of the bill for West Ham United’s tenancy at the £700m (US$1.1bn, €1bn) Olympic Stadium in London starting next year, with the public authority that owns the stadium revealing details of the rental agreement.

Following a Freedom of Information request from the BBC, the London Legacy Development Corporation (LLDC) – the public authority that owns the stadium – revealed that the Premier League club will get their new home almost rent free, with a large number of facilities and services paid for by the grantor – meaning the taxpayer rather than West Ham.

Included under facilities and services are cost of stadium utilities, security, pitch maintenance and more. In addition, costs of overheads not included, such as stewarding and policing on match days, could also be paid by the LLDC, a figure which costs most Premier League clubs hundreds of thousands of pounds.

West Ham is understood to be paying around £2.5m (US$4m, €3.5m) a year in rent, with the services covered amounting to a similar figure.

“Our agreement with the LLDC will see West Ham make a substantial capital contribution towards the conversion works of a stadium on top of a multi-million pound annual usage fee, a share of food and catering sales, plus provide extra value to the naming rights agreement,” said a West Ham statement.

"Our presence underwrites the multi-use legacy of the stadium and our contribution alone will pay back more than the cost of building and converting the stadium over the course of our tenancy."

The Olympic Stadium is undergoing a £272m (US$424m, €390m) redevelopment to convert it into a football stadium. As anchor tenants, West Ham have paid just £15m (US$23.4m, €21.5m) towards the conversion costs, which is over-budget by around £35m (US$54.6m, €50m).

The stadium will be used for athletics for one month a year and will also host ten annual community sports events on its new floodlit community running track. Further additions as part of the redevelopment include a training and education centre, plus a new roof.

As anchor tenants, West Ham have paid just £15m (US$23.4m, €21.5m) towards the conversion costs, which is over-budget by around £35m
The Olympic Stadium is undergoing a £272m (US$424m, €390m) redevelopment to convert it into a football venue
Sign up for FREE ezines
Related news

Company profile

Company profile: Active IQ
The UK’s leading Ofqual-recognised awarding organisation for the physical activity sector, Active IQ offers over 100 accredited qualifications in a variety of disciplines from Entry-Level to Level 5.
View full profile >
More company profiles

Featured Supplier

Elevate 2026 to mark 10-year anniversary with biggest ever waterfront drinks reception
Elevate is set to celebrate its 10th anniversary in style this June, with organisers confirming the event’s largest-ever drinks reception as registrations continue to run more than 10% ahead of last year.
View full details >
More featured suppliers

Property & Tenders

Location: Stratford, East London.
Company: Lee Valley Regional Park Authority
Location: Y Felinheli, LL56 4QN
Company: Newmark
Location: Newhaven, Sussex
Company: EiA Real Estate
Location: Tutbury Castle, Staffordshire
Company: Savills
Location: Oxford
Company: University of Oxford
More properties & tenders

Diary dates

22-23 Jun 2026
WX Wakefield , Wakefield, United Kingdom
21-24 Sep 2026
The Langham Huntington Pasadena , Pasadena, United States
06-08 Oct 2026
Messe Stuttgart, Stuttgart, Germany
22-22 Oct 2026
QEII Conference Centre, London
More diary dates