West Ham stadium deal costs taxpayers £19m a year

The Story So Far

West Ham United’s residency at their home ground is under scrutiny following reports that public funds are subsidizing the venue to the tune of £19 million annually. Financial details regarding the stadium’s operation indicate that the club’s recent relegation will further impact the facility's revenue streams. Under the terms of the existing tenancy agreement, the Hammers’ annual rental fee is set to decrease significantly. Having previously paid a base rent of £4.6 million, the club is expected to contribute less than half of that figure following their drop from the top flight. This reduction in rental income exacerbates the financial gap currently covered by taxpayer contributions to maintain the stadium.