West Ham is entitled to a 50 per cent discount on their £2.5m annual rent if they ever shared the stadium with any other football club that were to use the stadium as their home ground.
There is no right of veto to sharing and West Ham’s rent would reduce to £1.25m per annum accordingly.
The club would also be entitled to a rebate of £7.5m back from their one off fee of £15m were it to happen within the first ten years of their rental agreement, reducing to £3.75m rebate between the eleventh to twentieth year of occupation.
CllaretandHugh’s most senior source explained to us exclusively: ““In reality it would be prohibitively too expensive for anybody else.
“We get £7.5m back, we get half rent and the stadium also has to look andfeel like the home of West Ham United.
“We have the Shop, the only offices etc. So I’m really not sure how it works for anybody else other than as a one season home while they built their own stadium.We have to agree fixtures with the Premier League, so possibly there’s another stumbling block there”
The clause says: “Competitive matches will always take precedence over the activities of the other party to any agreement in relation to ground sharing”
This clause is designed to comply with the Football league regulations which say “the playing of any of the Club’s first team matches will always take precedence over the activities of the other party to the agreement”