Steve retweetledi

West Ham pay rent of £90,000 a week at the London Stadium. This will halve if the Club are relegated.
The stadium, even taking into account the landlord, which is the London taxpayer, earns money from other events, conferencing and catering etc, loses over £1m a week.
This is a classic example of big event legacy costs (similar for World Cups in South Africa, Brazil, Qatar etc) where the short term gain is replaced by long term pain.
This century only the World Cup in Germany in 2006 has had a positive impact on the economy in terms of Olympics and World Cups, because the stadia and infrastructure were already in place.


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