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How important is owning the stadium?

West Ham Online's Football Forum
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threesixty
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How important is owning the stadium?

Post threesixty »

I believe the club have a 99yr lease at a few million a year or something silly.
Other clubs have had to take huge loans with massive interest rates that they have to pay to build a new ground. 
I don’t understand how West Ham can have any money problems whatsoever?
Why would we better off owning the stadium as if its land value, well, your using the land to play football so there is no other use for it.
Plus, clubs like Liverpool & Everton own stadiums in cheap areas of the country so it feels like ownership doesn’t really mean much.

Not sure I get it? (Apart from having the right to tear it down and rebuild something better).
 
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frank marker
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Re: How important is owning the stadium?

Post frank marker »

I'm guessing because you can borrow against its value which until now since I've been alive has always been increasing in value above inflation. In my humble opinion. Ready to be corrected if someone knows better.
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