Although our move to Olympic Stadium will bring increases in ticket, retail and sponsorship it will still not allow the Irons to bridge the financial gap with Spurs.
The Hammers heavy discounting on the first season at the Olympic Stadium on season tickets, together with half the number of corporate seats compared to other London, means the increase in revenue will be between £10-£15m per season.
And speaking exclusively to Claret and Hugh to a senior club insider previously told us: ““Our (increase in turnover) will be £10m-15m as we have kept prices low at the OS.
“There might be more from retail and sponsorship. My figures relates JUST to tickets and hospitality. Arsenal have 7,000 corporate, we have limited to 3,600 to make lots of good seats available for ordinary (ie non corporate) supporters.”
It is hoped that a further £15m turnover could be increased in retail and sponsorship opportunities at the new Stadium but that might that time to achieve.
Based on 2014 released financial accounts Spurs has a turnover of £181m compared to West Ham who had a turnover of nearly £121m in 2015 so a £15m hike from moving the Olympic Stadium would still leave us £30m adrift of Spurs if we increased turnover by £30m from the move.
We will be between £170m and £300m behind the top four. Manchester United have a turnover of £433m, Man City £347m, Chelsea £324m, Arsenal £304m, Liverpool £256m based on 2014 figures.
Catching up with Spurs in financial terms will also be a moving target as they will undoubtedly generate further revenue from their move to their new stadium which they will own. However, in the short term they will saddled with increased debt to pay around £400m to build their new stadium. They are likely to face years of austerity in the same way Arsenal faced years of reduced spending after they built the Emirates stadium.
West Ham’s turnover is currently 9th in the Premier League Everton £121m and Newcastle £130m which are all above us in terms of financial power.
All Premier League clubs will benefit from a new TV deal next season adding tens of millions to every club’s turnover but the top club will benefit more – making the gulf even larger.
True, but as in all things, it isn’t just how much you have to spend; it’s also how well you spend it. And I think we can all agree that Tottenham have, on several occasions, not spent very wisely at all.
That is true but general money talks in football. You can outperform your budget but it is no coincidence that the regular top four of Man City, Arsenal, Manchester United and Liverpool also have the top four financial turn over and clout.
That is true but in general money talks in football. You can outperform your budget but it is no coincidence that the regular top four of Man City, Arsenal, Manchester United and Liverpool also have the top four financial turn over and clout.