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NEWS
Taxpayers to cover most of West Ham stadium costs
POSTED 06 Aug 2015 . BY Tom Anstey
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
RELATED STORIES
  West Ham to begin selling season tickets for Olympic Stadium in April


West Ham United Football Club (WHU) will begin selling season tickets for the 2016-17 season – its first at the Olympic Stadium – this April.
  Cost of Olympic stadium conversion increases to £190m


The cost of converting the London Olympic Stadium into a 54,000-capacity multi-use stadium is set to rise from £154m to £190m due to complications in the new roof.
  West Ham signs deal to sell stadium in 2016


West Ham United Football Club (WHU) has agreed to sell its Upton Park stadium to developer The Galliard Group when the club completes its move to the Olympic Stadium in 2016.
  West Ham secures Olympic stadium tenancy


West Ham United Football Club (WHU) will be the new anchor tenant of the London Olympic Stadium following the government's agreement to contribute a further £25m towards converting the venue.
MORE NEWS
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Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Disney confirms US$30 billion investment programme as it highlights its economic impact
Disney has reaffirmed its commitment to investing US$30 billion in its US parks and cruise business by 2033, using new America250 celebrations to underline the role its attractions play in supporting jobs, tourism and economic growth.
Expo 2030 Riyadh will create a permanent global destination
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event closes.
Australian waterpark acquisition creates new leisure attractions group
The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's largest visitor destinations.
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Jobs    News   Products   Magazine   Subscribe
NEWS
Taxpayers to cover most of West Ham stadium costs
POSTED 06 Aug 2015 . BY Tom Anstey
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
RELATED STORIES
West Ham to begin selling season tickets for Olympic Stadium in April


West Ham United Football Club (WHU) will begin selling season tickets for the 2016-17 season – its first at the Olympic Stadium – this April.
Cost of Olympic stadium conversion increases to £190m


The cost of converting the London Olympic Stadium into a 54,000-capacity multi-use stadium is set to rise from £154m to £190m due to complications in the new roof.
West Ham signs deal to sell stadium in 2016


West Ham United Football Club (WHU) has agreed to sell its Upton Park stadium to developer The Galliard Group when the club completes its move to the Olympic Stadium in 2016.
West Ham secures Olympic stadium tenancy


West Ham United Football Club (WHU) will be the new anchor tenant of the London Olympic Stadium following the government's agreement to contribute a further £25m towards converting the venue.
MORE NEWS
Mubadala makes €1 billion bid for Pierre and Vacances
Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Disney confirms US$30 billion investment programme as it highlights its economic impact
Disney has reaffirmed its commitment to investing US$30 billion in its US parks and cruise business by 2033, using new America250 celebrations to underline the role its attractions play in supporting jobs, tourism and economic growth.
Expo 2030 Riyadh will create a permanent global destination
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event closes.
Australian waterpark acquisition creates new leisure attractions group
The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's largest visitor destinations.
London Museum reveals 2026 opening date for new Smithfield home
The London Museum’s new site will open in Smithfield, East London, on 28 November 2026.
Toverland unveils €98m expansion plan as park prepares to launch resort development
The Toverland theme park in the Netherlands has announced a €98m expansion programme that will add a resort, new attractions and staff facilities as it pursues plans to become a multi- day destination.
+ More news   
 
COMPANY PROFILES
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
TechnoAlpin Indoor

TechnoAlpin is the world leader for snowmaking systems. With the Indoor snow division, TechnoAlpin c [more...]
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2026

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
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