By Sean Whetstone
Football finance guru Kieran Maguire has praised Claret and Hugh for their coverage of West Ham finances including the London Stadium losses.
Kieran was answering a question on his weekly Price of Football podcast on Monday from a West Ham fan called Dave about the valuation of the London Stadium who asked if it was true it is worth next to nothing – a story we broke along with many other details of the Hammers operations behind the scenes.
The football finance guru confirmed that there is a lot of truth in the story and went on to say he believed Dave had probably picked up the story from what he described as the “excellent website Claret and Hugh” adding that we do really forensic job of looking at what happens behind the scenes at West Ham.
Kieran added ‘West Ham have got such a fantastic deal on the stadium it is not worth anyone buying it” “It is an absolute disaster from a taxpayers perspective”
Podcast co-host Kevin Hunterday said “That West Ham website you mention is another example of why club owners underestimate fans at their peril”
Thanks for the recognition chaps
You can listen to the full episode of Price of football below
Kieran Maguire is right in one sense: the stadium, and the land it sits on, is worth nothing in the use to which it’s currently being put i.e. as a sports and entertainment venue with West Ham as the anchor tenant. The land that the stadium sits on has enormous alternative use value, if the land is given over to residential or commercial development.