West Ham United co-chairmen David Sullivan and David Gold would still need to pay £80million in compensation should they sell their stakes in the club, according to Claret and Hugh.
The club source claimed that the Hammers’ co-chairmen would still need to pay the money that is owed to the owners of the London Stadium.
Claret and Hugh report that there is zero chance that Sullivan and Gold would take ownership of the stadium unless the government would heavily subsidise any deal, with the stadium averaging a yearly loss of almost £30million.
It is suggested that even with naming rights and no athletics track, the stadium would still lose up to £20million.
OPINION
Given that the list of costs appears to grow longer as Sullivan and Gold read it, it comes as no surprise that there is literally zero chance of them completing a deal to take charge of the stadium. The London Stadium appears to be causing problems, and it seems like even naming rights wouldn’t be able to solve it for the Hammers’ owners. Even if a £600million takeover is completed, the fact that they would need to flush £80million of that instantly away just for the stadium could highlight why the Daily Mail has reported that Sullivan is not in a rush to sell the club despite the fact that he has held numerous talks with potential investors recently. The stadium is clearly a way of constantly losing money with everything that it contains, and the fact that they have held a number of different events including music concerts and baseball proves that no matter what, the cost outlays every other need.
