The last season at Upon Park/Boleyn Ground in 2015/2016 was a record financial year supported by record attendance and retail sales around the Farewell to the Boleyn campaign.
That last season’s turnover was £142m od which £27m was in ticket sales & £9m in retail sales and £13m in commercial revenue including sponsorship including corporate hospitality.
The latest figures for West Ham finance published at the London Stadium is 2021/2022 season as last season will not be published until next January.
Record turnover of £253m turnover up a massive £111m (78%) from the last season at the Boleyn.
Ticket sales are now £41m up by an additional £14m (up an impressive 52%) from the last season at the Boleyn.
Club shop/retail sales up to £13m from £9m from the last season at the Boleyn an increase of £4m (44%)
Commercial revenue including sponsorship including corporate hospitality have increased to £34m, an increase of £15m (79%) from the last season at the Boleyn.
Added to that is we pay less than £4m per season to rent the London Stadium, far less that the operating costs of Upton Park stadium.
While we don’t run catering at the London Stadium it could be noted we outsourced catering at Upton Park to companies like compass for many years.
There is a profit share at the London Stadum where West Ham’s concessionaire agreement means the club share 30% of profits after the initial £500,000 with the remaining 70% going to stadium owners E20.
For those who says there was no financial benefit from moving stadium, these figures prove that misconception wrong.
Sean, have you included the change in value of the pound and the relative RPI’s in the intervening 6 years between the 2 random years you have reported on. Tickets, food , merch, etc. all have a relationship with these indices.
Do we have a stadium as an asset, to provide cheaper loans ?
Have you considered a million other things relative to these ‘statements’.
No.
Poundshop Maguire at best, copy and paste merchant at worst.
Spot on MrBen09!
Sean has rather conveniently forgotten about inflation or in his haste to do Sullivan’s bidding he just wrote a load of rubbish. Also failed to mention the increased TV revenues. The Consumer Price Index shows that £100 in June 2016 is equivalent to £131 in September 2023. Suddenly those increases aren’t so great are they Sean?
And love the Poundshop Maguire! 😀😀😀