West Ham relegation may cost London taxpayers £2.5m
West Ham's potential relegation from the Premier League could cost London taxpayers an additional £2.5 million due to their lease agreement for the London Stadium. The club is currently in 18th place and faces a challenging situation with one match left in the season. Mayor Sadiq Khan has criticized the lease deal made in 2012, stating that taxpayers will bear the financial burden if the team is relegated.
- ▪West Ham is currently 18th in the Premier League table with one match remaining.
- ▪If relegated, the club's rent would drop significantly, leading to a funding gap for the Greater London Authority.
- ▪Mayor Sadiq Khan has warned that taxpayers could lose up to £2.5 million a year if West Ham is relegated.
Opening excerpt (first ~120 words) tap to expand
West Ham relegation may cost London taxpayers £2.5mImage source, Getty ImagesImage caption, A 3-1 defeat to Newcastle on Sunday left West Ham on the brink of relegation from the Premier LeagueByAlex BrothertonBBC Sport journalistPublished31 minutes agoLondon taxpayers may have to pay an extra £2.5m if West Ham are relegated from the Premier League this season, because of the club's lease agreement for London Stadium.The Hammers are 18th in the table with one match remaining, and will be as good as relegated to the Championship if Tottenham - two points above them with a game in hand and a much better goal difference - draw with Chelsea on Tuesday.Under the 99-year lease agreement, West Ham would pay the Greater London Authority about half their current annual rent of £4.4m if they are…
Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News — UK.
Discussion
0 commentsMore from BBC News — UK
