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Hammers get business rates discount

stadiumA recent freedom of information has revealed that West Ham pays a fraction of the £2.3m business rates for the London Stadium.

The FOI response said  “West Ham’s usage fee under the concession agreement does not cover business rates, however the Underleases between E20 and West Ham for West Ham’s leased areas state that West Ham are responsible for paying the rates for these areas. E20 pays the business rates for the remainder of the Stadium”

A spokesman for West Ham said: “E20 is the owner of the stadium which means they are responsible for the rates. These are calculated by the Valuation Office and are based, since it is a sports and entertainment venue, on the number of seats and the location of the stadium. West Ham United only use the stadium facilities on matchday so, as tenants, we pay for the share of rates on those matchdays.

We also, as tenants with our own specific areas, are liable for rates on the Club offices, shop and warehouse. We will be separately assessed on this by the Valuation Office and this will be backdated to when we first moved in.”

 

About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter

One comment on “Hammers get business rates discount

  1. Why did it need an FOI request to find out this information – it’s all in the agreements published last year and available on the Olympic Park website:
    http://www.queenelizabetholympicpark.co.uk/our-story/the-legacy-corporation/e20-stadium-llp

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