brierleys555 Posted February 10, 2014 Share Posted February 10, 2014 West ham have now sold upton park. they are going to move into the former olympic stadium where rent will be 2 million per year. Have they learned nothing from coventry. They are no arsenal. No sympathy from me if it goes wrong. Quote Link to comment Share on other sites More sharing options...
opinions4u Posted February 10, 2014 Share Posted February 10, 2014 They expect to be debt free on leaving Upton Park. Quote Link to comment Share on other sites More sharing options...
brierleys555 Posted February 10, 2014 Author Share Posted February 10, 2014 they will be debt free but should they get relegated and revenues drop the rent will still be 2 million. as coventry have found out big rents are ok in premier league but drop down and it becomes a death weight around your neck. Quote Link to comment Share on other sites More sharing options...
leeslover Posted February 10, 2014 Share Posted February 10, 2014 Sounds like a cracking deal to me. I'd be surprised if they were far out of pocket with the sale price vs £2m a year rent, and for that they get an ultra modern stadium with all the facilities. Granted they won't fill it and they'll kill Orient with cheap tickets but it should work for them. Far more marketable to new/tourist fans than the old :censored:hole anyway, which is a big thing for London clubs. Quote Link to comment Share on other sites More sharing options...
jw_oldh857 Posted February 10, 2014 Share Posted February 10, 2014 2 million a year to rent the Olympic stadium sounds cheap or I've been living down south too long Quote Link to comment Share on other sites More sharing options...
leeslover Posted February 10, 2014 Share Posted February 10, 2014 2 million a year to rent the Olympic stadium sounds cheap or I've been living down south too longTo say it cost £468m to build that is a decent price Quote Link to comment Share on other sites More sharing options...
Stagger Lee Posted February 10, 2014 Share Posted February 10, 2014 2 million a year to rent the Olympic stadium sounds cheap or I've been living down south too long Would depend on the details. If it includes security / stewards / medical and keeping a big cut of the food/drink sales then I would assume it's a bargain. The devil as always is in the detail Quote Link to comment Share on other sites More sharing options...
Matt Posted February 10, 2014 Share Posted February 10, 2014 Good luck to them, it looks like a fantastic set up. Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted February 11, 2014 Share Posted February 11, 2014 Man City paid around £2m a season under their previous deal based on match day income, now its about £3m a year flat rate rent. So for London it sounds quite a good deal. If you compare to the cost of building a new stadium in London (£100m+ ?) they are pretty much quids in, in the short to medium term. London is different to the rest of the country anyway with its wealth and the move from grotty East Ham to Olympic Stadium means that they can be marketed to a much larger audience both locally, nationally and internationally. If this is handled correctly, they could end up being a force to be reckoned with. Quote Link to comment Share on other sites More sharing options...
Stevie_J Posted February 11, 2014 Share Posted February 11, 2014 Let's all be thankful we're not West Ham. Poor sods. Quote Link to comment Share on other sites More sharing options...
OldhamSheridan Posted February 11, 2014 Share Posted February 11, 2014 Is it not QPR who have done the best bit of business down that (London) way of recent? Buying up Old Oak, just as a multi-billion pound regeneration scheme kicks off there, and linking in with HS2 and crossrail. Quote Link to comment Share on other sites More sharing options...
LaticsPete Posted February 12, 2014 Share Posted February 12, 2014 Well almost 24 years to the day of our 6 0 thumping of them, it looks as though they are marginally in a better position than us .... Quote Link to comment Share on other sites More sharing options...
Monty Burns Posted February 18, 2014 Share Posted February 18, 2014 West ham have now sold upton park. they are going to move into the former olympic stadium where rent will be 2 million per year. Have they learned nothing from coventry. They are no arsenal. No sympathy from me if it goes wrong. Can't see how it could go wrong at that price, even with relegation. Quote Link to comment Share on other sites More sharing options...
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