West Ham may be preparing talks for a new lease on the London Stadium with a view to give them full ownership in the future, claim Claret and Hugh.

The report states that the public body owning the stadium, London Legacy Development Corporation (LLDC) had agreed a deal in principle with PAI Capital over a long lease of the Queen Elizabeth Park with all venues including the London Stadium.

However, with them now out of the picture, they would be willing to agree a deal with Karren Brady who would want similar or better terms than those promised to PAI.

Long saga

Whenever it comes to GSB dealings, it’s naive to think that things will be resolved quickly.

They’re known to be notorious in terms of getting these things over the line and there’s been a long-drawn interest in securing full ownership of the stadium.

Hopefully, LLDC are willing to get into negotiations with them and get this thing sorted as soon as possible.

Currently, the club have a 99-year agreement signed in 2013 which gives them 25 days per year for around £3million in rent.

Full ownership would obviously remove the rent factor and would also give the owners a chance to make profits from the stadium.

As seen with Tottenham’s new ground, they could rent it out for big events such as boxing title fights as well as music concerts.

In other West Ham news, Angelo Ogbonna’s injury has forced them to show an interest in a ‘Fantastic’ international defender with the possibility of signing him in January.

Be sure to follow West Ham Zone on Facebook and Twitter for 24/7 updates on the Hammers and more exclusive interviews with Frank McAvennie

The post Report details possible new terms for London Stadium with full West Ham ownership on cards appeared first on West Ham Zone.


Leave a Reply