"Relegation from the Premier League always comes at a significant cost - but the ramifications of this season's battle to avoid the drop could end up impacting the general London public. West Ham United are currently on course for the Championship after a dismal season so far. The Hammers have won just three of their 21 games so far and have gone ten games without a Premier League wing."
"And as The Standard explain, West Ham's lease agreement with City Hall contains a clause whereby the club's rent would be slashed in half should they drop into the Championship. The deal was agreed in the wake of the 2012 Olympics, when West Ham were only recently returned to the Premier League. West Ham's move to the London Stadium has been unpopular with both fans and the public (Image credit: Getty Images) The running of the London Stadium is already part-subsidised by London taxpayers, as the rental fee of 4.4m per year does not cover stewarding costs,"
West Ham face relegation after a poor season, having won three of 21 games and enduring a long winless run. The club's lease with City Hall includes a clause that would cut its rent by half if relegated, a deal struck after the 2012 Olympics. The London Stadium is already part-subsidised because the 4.4m per year rental fee does not cover stewarding costs. Relegation would add four guaranteed home games and reduce commercial revenue, increasing stewarding needs and public subsidy. The combined effect is estimated to cost London taxpayers around an extra 2.5m per season, and the lease lacks a break clause.
Read at www.fourfourtwo.com
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