On the day Coventry City are put into administration (not SISU). West Ham United sign a similar day for a stadium built with public money. They’ll be paying £2m in rent per annum for a high quality 60k capacity stadium, with exemplary and tested infrastructure.
It doesn't make £1.2m per annum look so reasonable now imo.
They are in the PL where even if you field a team of 3 legged donkeys you will still walk away with £60 a year just from sky plus all the parachute payments if you go down - they will be alright as we would have been if we were there -
On the day Coventry City are put into administration (not SISU). West Ham United sign a similar deal for a stadium built with public money. They’ll be paying £2m in rent per annum for a high quality 60k capacity stadium, with exemplary and tested infrastructure.
It doesn't make £1.2m per annum look so reasonable now imo.
@But the deal was secured only after West Ham agreed to increase their own funding of the project by £5m, to £15m. They will move in from August 2016 and pay around £2m a year rent'
If SISU had agreed to 'increase their own funding' and buy the Higgs share in ACL, the rent would be, effectively, halved to £600K - and tthat's without contribution from the council as they have shown in recent months.
So, then your equation might look something like £2m for a 60K stadium, compared with £400K for a 32K stadium...
@But the deal was secured only after West Ham agreed to increase their own funding of the project by £5m, to £15m. They will move in from August 2016 and pay around £2m a year rent'
If SISU had agreed to 'increase their own funding' and buy the Higgs share in ACL, the rent would be, effectively, halved to £600K - and tthat's without contribution from the council as they have shown in recent months.
So, then your equation might look something like £2m for a 60K stadium, compared with £400K for a 32K stadium...
@But the deal was secured only after West Ham agreed to increase their own funding of the project by £5m, to £15m. They will move in from August 2016 and pay around £2m a year rent'
If SISU had agreed to 'increase their own funding' and buy the Higgs share in ACL, the rent would be, effectively, halved to £600K - and tthat's without contribution from the council as they have shown in recent months.
So, then your equation might look something like £2m for a 60K stadium, compared with £400K for a 32K stadium...
£60 a year from sky? Thats terrible. I give sky more than that per month haha.They are in the PL where even if you field a team of 3 legged donkeys you will still walk away with £60 a year just from sky plus all the parachute payments if you go down - they will be alright as we would have been if we were there -
Can see this move crippling West Ham, a lot of West Ham fans seem to think so aswell. There's been a lot of protest to the move but as usual the fans opnions aren't worth shite. Also who in their right mind thinks that West ham will get anywhere close to 60k week in, week out?
Can see this move crippling West Ham, a lot of West Ham fans seem to think so aswell. There's been a lot of protest to the move but as usual the fans opnions aren't worth shite. Also who in their right mind thinks that West ham will get anywhere close to 60k week in, week out?
Think they get close to capacity week on week out, circa 35K.
Also, the report I read said £150M to be spent on a refit, and capacity to be 54K
On the day Coventry City are put into administration (not SISU). West Ham United sign a similar deal for a stadium built with public money. They’ll be paying £2m in rent per annum for a high quality 60k capacity stadium, with exemplary and tested infrastructure.
It doesn't make £1.2m per annum look so reasonable now imo.
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