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Moving to a new stadium has to make financial sense.
£100m might sound cheap but it is £100m we don't have.
For it to make economic sense we need to generate £100m in either additional sales or savings over Goodison Park over the lifetime of the project.
£100m is likely to cost around £7m per year in borrowing costs.
Goodison currently generates circa £20m so a new stadium would have to a 50% rise in gate receipts to reach break even point on the borrowing costs alone (effectively we'd have to increase crowds and box use at the same time as increasing prices)
A football only stadium in somewhere like Walton Hall Park would be an economic disaster for the club. Any new stadium project needs to be in the city/docks and be used every day of the year.
Stadium naming rights.....touchy subject but im sure that would also generate a few million a season. In an ideal world we dont want this to happen but at the same time if the club is to move forward it is a sensible option.
Did hammers have the money? Didnt they take huge loand and will pay it back inside on next 286years or so like
http://www.bbc.co.uk/sport/0/football/21889864
The government is paying the majority for the Olympic stadium, west ham pay 15 million with 2 million each year for rent.
The deal is a total rip off for taxpayers
For prime real estate in the middle of the capital city? Is that a frigging joke? Is that not just giving them an enormous helping hand?http://www.bbc.co.uk/sport/0/football/21889864
The government is paying the majority for the Olympic stadium, west ham pay 15 million with 2 million each year for rent.
The deal is a total rip off for taxpayers
It needs to be in the City Centre. Like it or not, we need tourists and wools in order to progress
http://www.bbc.co.uk/sport/0/football/21889864
The government is paying the majority for the Olympic stadium, west ham pay 15 million with 2 million each year for rent.
The deal is a total rip off for taxpayers
Course we have it, Bill has very kindly been saving up all the transfer money the past 10 years.Moving to a new stadium has to make financial sense.
£100m might sound cheap but it is £100m we don't have.
I've been thinking about this myself, we sold a lot of players and havnt reinvested the money, so could it be going towards a be stadiumCourse we have it, Bill has very kindly been saving up all the transfer money the past 10 years.
Tar Bill!