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Sadiq Khan ready to discuss ‘any credible proposal’ from West Ham for London Stadium

Mayor Sadiq Khan has invited a bid from West Ham United to buy the London Stadium, saying he “would consider any credible proposal” to offload the publicly subsidised venue. Lord Khan also talked up “recent improvements” in relations between the East London club and stadium operator the London Legacy Development Corporation – an apparent nod [...]

Sadiq Khan ready to discuss ‘any credible proposal’ from West Ham for London Stadium

Mayor Sadiq Khan has shown openness to considering a proposal from West Ham United to purchase the financially burdensome London Stadium. The proposal, which would require the publicly-subsidised venue to be offloaded, is deemed "credible" by Khan. Lord Khan also praised recent improvements in relations between West Ham and the London Legacy Development Corporation, which reflects the rising influence of Royal Mail owner Daniel Kretinsky.

Kretinsky has recently increased his share in West Ham, now holding 46 percent, making him the club's largest shareholder. Former chairman David Sullivan recently stepped down amid allegations. The development of better relations between West Ham and City Hall has been acknowledged by Khan, but any discussions regarding potential commercial negotiations must remain confidential.

West Ham currently pay over £2 million annually for the right to be anchor tenants of the stadium under a 99-year deal. Labour assembly member Bassam Mahfouz urged Khan to investigate the possibility of selling the stadium, as taxpayers pay £19 million each year for its upkeep. Khan promises to maintain a commitment to exploring any "credible proposal" that protects the public interest and preserves the venue's economic, social, and sporting benefits for London.

Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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