The Loans will be over and above his Investment but to charge interest at a rate of 21% - Verging on '' Pay Day Loans'' territory
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[Finance] West Ham v Albion financial comparison
- Thread starter El Presidente
- Start date
The Loans will be over and above his Investment but to charge interest at a rate of 21% - Verging on '' Pay Day Loans'' territory
The view is poor I was at the split back section last season, I could only think it was as bad as for the poor away fans at Withdean when they were put behind the hammer throwing track. On a the slightly misty night game they would be unaware that their team had scored, if it was at the opposite end until the ball was put back on the centre circle. At least there is a roof on the London Stadium so don't feel I can complain to much.
Pavilionaire
Well-known member
- Jul 7, 2003
- 30,569
West Ham's gross income is £176mill, their rent is £2.5mill. That's the equivalent of a person on a £30K salary paying an ANNUAL (not monthly) rent for their property of just £426.
The reason the directors can award themselves £15 mill per year "interest" is purely because of this incredible stadium deal. How galling must it be for West Ham fans to be playing in an awful football stadium just so the directors can line their own pockets? I pity those Hammers fans who will will visit the new White Hart Lane or the Emirates - both are proper football stadia.
The reason the directors can award themselves £15 mill per year "interest" is purely because of this incredible stadium deal. How galling must it be for West Ham fans to be playing in an awful football stadium just so the directors can line their own pockets? I pity those Hammers fans who will will visit the new White Hart Lane or the Emirates - both are proper football stadia.
Birdie Boy
Well-known member
- Jun 17, 2011
- 4,108
I don't think they are allowed unless they have been given special dispensation. Only Man Utd and Newcastle are allowed and were given two years to sort it out. Away fans are supposed to be pitchside or as close as you can to the running track
It's a shit deal for everyone apart from the owners.
theboybilly
Well-known member
Me neither. I don't know how much the Boleyn Ground was sold for but West Ham must be getting the equivalent of half a century's rent for next to zero actual outlay at the London Stadium. When this all started the football press were saying how WHU would be the dominant London club in years to come - I think we might have a bit a wait
Gritt23
New member
LOL, I was just scrolling through to check whether anyone else had used that same joke. Of all the players down the years, yep, it was Kemy that i was going to use for the joke.
Barber in and out and in again and out....
CPFC G
New member
- Dec 24, 2011
- 1,067
I posted once back at work 2 days after the game, Lets keep this about West ham shall we.
cjd
Well-known member
Don't you have a computer/i-phone etc in your caravan ?
FatSuperman
Well-known member
- Feb 25, 2016
- 2,830
Early entry for post of the year
Shuggie
Well-known member
Yep, we certainly can. But as this is a thread about a scummy little club in East rather than South London, you can just **** off.
- Thread starter
- #34
Me neither. I don't know how much the Boleyn Ground was sold for but West Ham must be getting the equivalent of half a century's rent for next to zero actual outlay at the London Stadium. When this all started the football press were saying how WHU would be the dominant London club in years to come - I think we might have a bit a wait
Boleyn ground was sold by Gold & Sullivan (who claims to be a property magnate and expert) for £38m to a company called Boleyn Phoenix Ltd, 50% owned by Galliard Properties & 50% by Mayflower Estates, run by a ‘colourful’ chap called Vince Gilligan (loves his mum and jellied eels, remembers the days you could leave your front door unlocked as Ronnie and Reggie looked after their own etc.)
Boleyn Phoenix then immediately sold the land to Barrett Homes for £60 million, paid tax on the profit and a £16 million dividend to the two shareholders. Boleyn Phoenix has not had any transactions since.
I’m not sure of the word to describe the deal, but ‘kushtie’ sounds abaht right.
- Thread starter
- #35
Well that’s the first question for the next fan forum sorted.