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The pandemic is saving London Stadium owners millions in running costs in a bizarre twist of fate.
London Stadium owners have previously claimed each West Ham match costs them £250,000 in operating costs to stage despite bringing in just £100,000 per game of rent from the Hammers. A large proportion of these are spent on the one thousand plus stewards required for each match.
Not providing stewards for the final five home of the season could have potentially saved the public taxpayer £750,000 but that is dwarfed by not moving the seats this summer
Major League Baseball, the Green Day music concert and Athletics were all cancelled over the summer, meaning the London Stadium owners can leave the stadium in football mode and save a further £6m.
Each game that is played behind closed doors will save over £100,000 in stewarding costs and even if supporters return with limited capacities of 25% stewarding and security costs will be slashed.
The London Stadium is likely to reveal massive savings this year when figures are released for LLDC but it is still unlikely to put a massive dent in its £29m per year annual losses.
These savings have been brought about through force of circumstances.
Once the reasons for these savings are removed and supporters are allowed to return, the LS operators will have to shell out for stewards etc. again. I think then there will be moves to unload the stadium.
In the present climate the burden of 29 million pounds plus on the public purse will be a political time bomb.
No doubt the takeover consortium will have built this into their business plan when negotiating a buyout with GSB?
Signicant?? Oh dear.
Word of advice. Write. Read. Press ENTER.
Sorry. We. Have. Other. Lives.
Busy. People. Unlike. Some.
Yet not too busy to post on here, eh?
As a semi (at a stretch) professional football website, do you not think it’d be a good idea to read what you write before you publish? Honest question.
Actually looks like I did you a favour anyway, as the spelling’s now been corrected.
Given you pay nothing for anything what gives you the right to give it large. You do have a solution LOL
Sorry, did you mean to write ‘do you have a solution’?
Point proven.
Actually no. You do have a solution – you don’t have to read the site. Point proven Pathetic!
Word of advice: Stop moaning. Nobody died .
Amazing how you appear to get two responses in before my first clears cencors, sorry, moderation.
Pathetic.