West Ham and London Stadium Operator Lock Horns Again
E20 Stadium accounts released earlier this week at Companies house reveal West Ham paid £4.4m in rent during 2024 up from £4m in 2023
That is a 76% increase from the £2.5m per annum rent the Hammers initially paid in 2016 when they moved into the former Olympic stadium
The accounts also reveal that West Ham took the London Stadium owners to high court on 12 December 2024 to appeal sums paid to E20 in relation to Daniel Krenitsky’s 2021 investment in West Ham.
West Ham reluctantly paid £6.5m to E20 Stadium in March 2023 but claim the calculation was incorrect and the correct total should have been £2.55m so are demanding £3.95m in rebates. The judgement is expected before the end of January.
E20 Stadium which own the London Stadium have announced losses of £51.2m for 2024 with an operating loss of £32.5m and the remainder due to financing costs.
