London Stadium rent increases by 44%

West Ham’s rent of the London Stadium has increased by 44% since they moved in to the former Olympic Stadium in the summer of 2016.

The 2013 concessionaire agreement  rent was index linked to the Retail Price Index (RPI)

The initial £2.5m per annum  rent for up to 20 competitive games  per season has increased from £2.5m to £3.6m

Add to that an another £400,000 of fees for additional capacity and advertising space to make £4m in total given by the Hammer.

In an a 2021 third deed of variation to the 2013 concessionaire agreement West Ham agreed to pay £250,000 annually to take the football capacity to 60,000 and a further £83,000 to take the capacity to 62,500.

However according to sources close to the London Stadium, the £4m doesn’t come close to cover the running costs.

Sadly for the London stadium owners it costs at least £7m to open the stadium for the West Ham games, council rates have gone up to nearly £4m and there are another million pounds other costs they pay such as utility bills. They also pay huge maintenance costs to keep the stadium operational.