Stadium running costs v revenue – the figures!

The first five years of running the London Stadium shows a combined operating loss of just over £34 million when other costs are stripped out.

When you strip out capital project spent on the stadium, exceptional expenses, finance costs, depreciation and other costs you have the actual running costs.

2016  revenue including West Ham’s rent = £3.87m    Running cost = £7.82m   Loss= £3.95m

2017  revenue including West Ham’s rent = £5.86m    Running cost = £10.61m   Loss=£4.75m

2018  revenue including West Ham’s rent = £9.58m    Running cost = £21.38m   Loss=£11.8m

2019  revenue including West Ham’s rent = £5.66m    Running cost = £15.40m   Loss=£9.74m

2020  revenue including West Ham’s rent = £12.48m    Running cost = £16.39m   Loss=£3.91m

Total revenue for London Stadium 2016-2020 = £37.45m  Total cost of sales 2016-2020 =  £71.6m  Total running cost loss =£34.15m

The data shows that the London Stadium suffering greater losses when other big events were held the same year.

The 2017 Athletics Championships caused 2018 costs to more than double to over £21m leading to a loss of almost £12m in that financial year.

Likewise, Baseball in 2019 seems to have bumped up running costs to double losses to almost £10m.

Without these big vanity events running costs, losses reduce to around £4m which suggests a naming rights deal for the London Stadium could balance the books.

It raises the prospect of West Ham one ay owning the London Stadium or at least leasing it for a long time.