No bids for West Ham’s London Stadium amid reported £50m asking price
The owner of West Ham United’s London Stadium insists there have been no formal bids from the club or any other party to buy the 68,000-capacity arena. Reports had suggested that City Hall, which is effectively the stadium’s ultimate landlord, had set a £50m price tag for the sale of a venue that currently hosts [...]
Reports have emerged stating that the owner of West Ham United's London Stadium has not received any formal bids for the 68,000-capacity venue. It was previously rumored that the city's council, as the ultimate landlord, had set a £50m price for the sale of the stadium, which primarily hosts Championship football and major athletics events.
West Ham, who have attracted investment interest in the past, has not made any bid for the stadium. However, the club remains open to discussions about the stadium's future and has not ruled anything out. The club is currently in the process of finalizing an ownership restructure, which will solidify Daniel Kretinsky as the major shareholder after former chairman David Sullivan stepped down from his board role due to historic behavior allegations.
Sullivan's ally, Baroness Karren Brady, also left her role as vice chair during this period of significant change for the club. West Ham's current chief commercial officer, Karim Virani, is serving as interim chief executive. The stadium's management has stated that they are focused on operating the stadium in the best interests of London taxpayers, delivering a world-class venue, and attracting top sporting, music, and entertainment events.
They claim that the London Stadium generates significant social and economic benefits for London and is a key part of the city's Olympic regeneration legacy.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
