Lilbaz
Just call me Baz
- Apr 1, 2005
- 41,363
- 74,893
Stadium investment isn't covered in ffp.
Let's All Laugh At... Let's All Laugh At West Ham
- Thread starter Stoof
- Start date
Stadium investment isn't covered in ffp.
Sweech
Ruh Roh Ressegnon
- Jun 27, 2013
- 6,752
- 16,378
I'm going to use this deal as a blueprint for my landlord.
I'll pay him $100 a month.
He can cover my heat, hydro, and renters insurance.
And he can pay me some of the divedends he gets in tax breaks for being a home owner.
I'll also put in a clause so he can hire me at $40 an hour for housekeeping, otherwise he can do it.
Can't see how he'll ever turn it down.
I'll pay him $100 a month.
He can cover my heat, hydro, and renters insurance.
And he can pay me some of the divedends he gets in tax breaks for being a home owner.
I'll also put in a clause so he can hire me at $40 an hour for housekeeping, otherwise he can do it.
Can't see how he'll ever turn it down.
Lou3000
£
- May 28, 2014
- 861
- 2,525
You're right, but that clause is to promote stadium investment. West Ham isn't investing in a stadium, so their lease payment should be treated as a liability, and they aren't paying the true cost of their lease, They aren't paying a grounds crew or for upkeep. Those items are still liabilities for other clubs.
If you can just have your ownership "cover" all the costs of running a club, you can do whatever you want.
Gb160
Well done boys. Good process
- Jun 20, 2012
- 23,678
- 93,457
Remember the clause to half your rent incase you ever get demoted at work !
Dundalk_Spur
The only Spur in the village
- Jul 17, 2008
- 4,960
- 7,695
Now all the details are known and compared to the going rates of renting say, Wembley, that there is a clear case of the Government funding the club, albeit through the taxpayer.
This goes against EU rules (quick complain before the referendum) and also UEFA/FIFA rules about government meddling. It would be glorious to get an injunction on them using it the morning of their first game next season.
Yes I admit, I am evil, but I will never, ever forget how they celebrated after Lasagnegate.
This goes against EU rules (quick complain before the referendum) and also UEFA/FIFA rules about government meddling. It would be glorious to get an injunction on them using it the morning of their first game next season.
Yes I admit, I am evil, but I will never, ever forget how they celebrated after Lasagnegate.
Nine while nine
Undead
- Jan 28, 2011
- 5,693
- 79,412
At the back of my mind, there's a slight sense that the LLDC may have played a blinder here. Here's why...
The deal is that West Ham pay to rent the stadium for 25 matches per year. I counted up how many games West Ham will have played at Upton Park this year and, bizarrely enough, it was 25 (3 in the FA Cup, 3 in the Europa League, 0 in the League Cup and 19 in the Premiership).
Yes, this was one of their more successful years, but now that the LLDC have financially doped them, it's likely that domestic and European cup runs will become more frequent. So what happens when West Ham qualify for the last 16 of the Europa League and realise that that will take them to 26 games of the season? I'm hoping the conversation goes something like this...
Sullivan: "Hi, I'd like to rent the stadium for an extra day please."
LLDC: "Of course, that will be £10 million please. When would you like it?"
Sullivan: "How much? Err, a fortnight next Thursday please"
LLDC: "I'm afraid we've got a concert booked on that day. Can't be done, I'm afraid"
Sullivan: "But we have to play then. We'll be kicked out of all UEFA competitions if we can't fulfil the fixture"
LLDC: "I suppose we could postpone the concert, but we'd need more money to pay them off. Say, another £10m."
Sullivan: "£20m for one poxy game? That's ridiculous. We'll never challenge the top teams at this rate"
LLDC: "What a shame. I'm sorry it's turned out this way for you but that's the price that the new owner set"
Sullivan: "What new owner?"
LLDC: "Oh, didn't you know? We got taken over by ENIC last month..."
The deal is that West Ham pay to rent the stadium for 25 matches per year. I counted up how many games West Ham will have played at Upton Park this year and, bizarrely enough, it was 25 (3 in the FA Cup, 3 in the Europa League, 0 in the League Cup and 19 in the Premiership).
Yes, this was one of their more successful years, but now that the LLDC have financially doped them, it's likely that domestic and European cup runs will become more frequent. So what happens when West Ham qualify for the last 16 of the Europa League and realise that that will take them to 26 games of the season? I'm hoping the conversation goes something like this...
Sullivan: "Hi, I'd like to rent the stadium for an extra day please."
LLDC: "Of course, that will be £10 million please. When would you like it?"
Sullivan: "How much? Err, a fortnight next Thursday please"
LLDC: "I'm afraid we've got a concert booked on that day. Can't be done, I'm afraid"
Sullivan: "But we have to play then. We'll be kicked out of all UEFA competitions if we can't fulfil the fixture"
LLDC: "I suppose we could postpone the concert, but we'd need more money to pay them off. Say, another £10m."
Sullivan: "£20m for one poxy game? That's ridiculous. We'll never challenge the top teams at this rate"
LLDC: "What a shame. I'm sorry it's turned out this way for you but that's the price that the new owner set"
Sullivan: "What new owner?"
LLDC: "Oh, didn't you know? We got taken over by ENIC last month..."
spursfan77
Well-Known Member
- Aug 13, 2005
- 46,684
- 104,964
Why is this clause even in the contract?
Might as well be £100 million
Lilbaz
Just call me Baz
- Apr 1, 2005
- 41,363
- 74,893
At the back of my mind, there's a slight sense that the LLDC may have played a blinder here. Here's why...
The deal is that West Ham pay to rent the stadium for 25 matches per year. I counted up how many games West Ham will have played at Upton Park this year and, bizarrely enough, it was 25 (3 in the FA Cup, 3 in the Europa League, 0 in the League Cup and 19 in the Premiership).
Yes, this was one of their more successful years, but now that the LLDC have financially doped them, it's likely that domestic and European cup runs will become more frequent. So what happens when West Ham qualify for the last 16 of the Europa League and realise that that will take them to 26 games of the season? I'm hoping the conversation goes something like this...
Sullivan: "Hi, I'd like to rent the stadium for an extra day please."
LLDC: "Of course, that will be £10 million please. When would you like it?"
Sullivan: "How much? Err, a fortnight next Thursday please"
LLDC: "I'm afraid we've got a concert booked on that day. Can't be done, I'm afraid"
Sullivan: "But we have to play then. We'll be kicked out of all UEFA competitions if we can't fulfil the fixture"
LLDC: "I suppose we could postpone the concert, but we'd need more money to pay them off. Say, another £10m."
Sullivan: "£20m for one poxy game? That's ridiculous. We'll never challenge the top teams at this rate"
LLDC: "What a shame. I'm sorry it's turned out this way for you but that's the price that the new owner set"
Sullivan: "What new owner?"
LLDC: "Oh, didn't you know? We got taken over by ENIC last month..."
They pay £100k for extra games.
Remember they also play preseason friendlies and testamonials. 25 games is the basic they will probably play more every year.
ernie78
Well-Known Member
- Jun 13, 2012
- 7,306
- 15,350
If only!
Cornpattbuck
Well-Known Member
- Jul 23, 2013
- 6,932
- 16,035
At the back of my mind, there's a slight sense that the LLDC may have played a blinder here. Here's why...
The deal is that West Ham pay to rent the stadium for 25 matches per year. I counted up how many games West Ham will have played at Upton Park this year and, bizarrely enough, it was 25 (3 in the FA Cup, 3 in the Europa League, 0 in the League Cup and 19 in the Premiership).
Yes, this was one of their more successful years, but now that the LLDC have financially doped them, it's likely that domestic and European cup runs will become more frequent. So what happens when West Ham qualify for the last 16 of the Europa League and realise that that will take them to 26 games of the season? I'm hoping the conversation goes something like this...
Sullivan: "Hi, I'd like to rent the stadium for an extra day please."
LLDC: "Of course, that will be £10 million please. When would you like it?"
Sullivan: "How much? Err, a fortnight next Thursday please"
LLDC: "I'm afraid we've got a concert booked on that day. Can't be done, I'm afraid"
Sullivan: "But we have to play then. We'll be kicked out of all UEFA competitions if we can't fulfil the fixture"
LLDC: "I suppose we could postpone the concert, but we'd need more money to pay them off. Say, another £10m."
Sullivan: "£20m for one poxy game? That's ridiculous. We'll never challenge the top teams at this rate"
LLDC: "What a shame. I'm sorry it's turned out this way for you but that's the price that the new owner set"
Sullivan: "What new owner?"
LLDC: "Oh, didn't you know? We got taken over by ENIC last month..."
Pretty sure it's in the T&Cs as £100,000 per extra game. Busy day, so may have remembered wrong...
This season is as good as it gets for them. Can't see how they beat any of the 'big 6' to top players in the transfer market and with next season promising something of a 'return to the norm' with City, Chelsea, United all strengthening along with Liverpool resurgent under Klopp, this season will be their real chance for top 4 for quite sometime imo. Hopefully they kickstart that 'challenge' at the weekend!
They'll be in and around the top 8/9 but will that be enough for their ridiculously expectant support? There was murmurs of discontent after Wednesday's game for Christ sake! Their best season in 30 years and they still demand more...
They'll be in and around the top 8/9 but will that be enough for their ridiculously expectant support? There was murmurs of discontent after Wednesday's game for Christ sake! Their best season in 30 years and they still demand more...
danielneeds
Kick-Ass
- May 5, 2004
- 24,182
- 48,812
You're deluded if you don't think they are not a major threat in the next 5 years. They're going to have big spending power and a stadium with amazing transport links to attract new fans and corporates.
JerryGarcia
Dark star crashes...
- May 18, 2006
- 8,694
- 16,028
If they get into Europe with all the extra games then I'm hoping that with the fact that everyone will want to beat them twice as much in their new ground, they'll get relegated and be left with a big empty athletics track in the Championship for the next 10 years or more. That's if Carlsberg did bubble blowing neanderthals in caravans fairytales at least.
nightgoat
Well-Known Member
- Sep 12, 2005
- 24,604
- 21,898
If you pay UK tax then technically there's nothing to stop you walking onto the pitch during a game and making off with one of the corner flags because you've paid for it.
beats1
Well-Known Member
- Feb 22, 2010
- 30,028
- 29,601
No
Their Corporate facilities are shit and they have to share that money, they will have an increase in revenue but are no way a MAJOR threat
Revenue wise they will will be lucky if they match us tbh
Ionman34
SC Supporter
- Jun 1, 2011
- 7,182
- 16,793
I wonder can a comparison be made to the offer that we made to show a gross misuse of public funding.
I'm sure our bid was massively superior, particularly as it involved renovating Crystal Palace which, as it has been the home of British Athletics for decades, would have provided a boost to a renowned national treasure.
I don't know about anyone else, but I feel that the public have the right to demand a tax rebate as our money is being used to subsidise a private company. Surely that is misuse of public funds?
- Oct 2, 2004
- 48,263
- 47,343
- Staff
- #2,980
Yep that's where there should be an investigation.
Unless we were grossly misrepresenting our bid (which to be fair is possible) I cannot see why they'd go with West Ham over the Spurs bid, so with the deal now having been revealed I cannot see how it can't be investigated.
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