Stadiums – Page 6 – Football Economy

Spurs may have to cut seats

April 22, 2016 by WG

Tottenham Hotspur may have to remove as many as 8,000 seats, the majority from the Paxton Road stand, to facilitate building work on the new stadium to ensure that it is ready for the 2018-19 campaign. That would mean they would face the prospect of playing Champions League matches in front of crowds of fewer than 30,000.

The 22,000 season ticket holders would not be affected, but wth 3,000 tickets needed for away fans, there could be a significant reduction in the number of tickets made available for members and released on general sale next season.

Olympic Stadium deal revealed

April 14, 2016 by WG

Following a legal battle, the terms under which West Ham will rent the Olympic Stadium have been revealed in a 207 page document. As anticipated, the rent is £2.5m a year which would be halved in the event of relegation.

The rent works out at around £48,000 a week, roughly the same amount the club pays Andy Carroll. This for the use of an arena that cost £700m to build, including £272m to convert for football.

Olympic Stadium deal to be revealed

April 11, 2016 by WG

The London Legacy Development Corporation (LLDC) has lost an appeal over a decision by the Information Commissioner that the details of its deal with West Ham over the Olympic Stadium should be published. The matter was pursued by a coalition of football supporters’ organisations.

The LLDC has argued that substantial commercial losses could result in a competive market and may take the matter further in the courts.

West Ham won lottery says Wenger

April 9, 2016 by WG

West Ham won the lottery with their cheap deal to play at the Olympic Stadium, according to Arsene Wenger. In contrast, Wenger had to sell his best players to fund the move from Highbury to the Emirates. He said that the first six years were very difficult for him financially.

Truro no longer need to ground share

March 27, 2016 by WG

Truro City are not going to ground share at Torquay United next season. A compromise has been reached that will allow them to stay at Treyew Road until their new stadium at Silver Bow is completed. Construction work there is expected to start in October 2016 and be finished by June 2017.

They are also going to install a 250-seat covered stand to allow them to compete in the play offs.

West Ham United boost capacity

March 24, 2016 by WG

West Ham United have decided to boost capacity at the Olympic Stadium from 54,000 to 60,000, such has been the demand for season tickets.

It will make the stadium the joint largest in London alongisde the Emirates. It will also rank second in the country in terms of capacity, behind Old Trafford.

Wimbledon stadium setback

March 23, 2016 by WG

AFC Wimbledon’s plans for a new stadium at their historic home in Plough Lane have suffered a setback after the Greater London Authority decided to call in the planning approval and review it. However, the club is confident that the plans will go ahead after some delay.

Wrexham get their ground back

March 9, 2016 by WG

Wrexham FC have regained operational control of the Racecourse Ground. Wrexham Glyndwr University will retain ownership, but have offered a 99-year lease to the Supporters’ Trust which will give them greater opportunities to stage conferences and events. The deal does not cover the Colliers Park training ground at Gresford.

Chelsea and Spurs closer to Wembley ground share

March 7, 2016 by WG

It looks as if a deal can be concluded for Chelsea and Spurs to ground share at Wembley. It will mean more international matches being played away from Wembley and fewer music concerts there. Chelsea would need to be there for three years and Spurs for one year.

Chelsea are thought to have agreed a deal worth £20m a season. With a similar deal for Spurs, the FA would stand to make a total of £80m. Last year events at the stadium generated £83m.

Millwall development threat

February 22, 2016 by WG

Millwall will continue to fight to safeguard their future after a decision on whether land around The Den would be sold to property developers was delayed last week. Lewisham Council was due to discuss compulsory purchase orders on Wednesday, but a decision was deferred and a legal investigation will now take place.

If the deal eventually goes through, land which includes the club’s car park would become privately owned by a property development company, Renewal. Millwall currently lease the land.