dawlish dave said:
Honest question for Spurs fans on here. Any move yet on the rebuilt WHL, its my view that if they don't get started soon then its possible that West Ham United will be in the Olympic stadium and on their way to becoming a major player in the capitals football. Please don't tell me how big a club Spurs are, look no further than Chelsea to see what money can do. WHU will be looked on as a club worth investing in once they move to the new ground, Sullivan and Gold are not fools, plus don't forget Spurs were hoping to get the Olympic site.
West Ham will definitely be in the Olympic stadium before Spurs complete their new stadium. And I certainly expect them to become a bigger player as a consequence. The question is, though, will they become a big
enough player. According to the latest Deloitte money league, West Ham's turnover is some £45m less than Spurs'. And whilst their finances will undoubtedly improve for moving to the Olympic stadium, I don't think they will come close to bridging the gap.
- They will have a bigger capacity but, in order to utilise it with any regularity, they will have to offer many tickets at significantly reduced prices.
- For all the money that has been and is being spent on the Olympic stadium, it will still have comparatively few corporate seats - only a little over 3000, I believe. That's the same as the current White Hart Lane and about a third the number of such seats at the Emirates.
- West Ham will only receive a small proportion of the naming rights deal.
- They will receive no money from catering concessions at the stadium - even when West Ham are playing.
- They will receive no income from non West Ham events at the stadium.
- The stadium itself will offer a compromised experience. Even with the retractable seating in the forward position, the gap between the pitch and stands will still be large compared to a properly designed, football specific stadium. Furthermore, there will be huge gaps between the upper and lower tiers on three sides of the stadium. This will not encourage repeat attendance for any but the already committed.
Meanwhile, as and when Spurs move into their new stadium, their revenues will likely put them out of West Ham's reach again.
Many West Ham fans seem to be putting their faith in this move as a catalyst to attracting a billionaire backer such as your own. But unless or until FFP is scrapped or rendered toothless, the window for that kind of buyer has all but disappeared. It seems to be wishful thinking on their part.