Vital Football

Latest West Ham United News

Clearing the Bank Debt

Clearing the Bank Debt

With preparations, behind the scenes, in full flow ahead of our move to the Olympic Stadium in Stratford, Karren Brady has spoken about clearing the debt the club currently has.

Speaking to a House of Lords committee, Karren told how it was essential the club started life at its new home free of debt, commenting,

"We have to pay off all our bank debt to move - we can`t take it with us."

It appears, if we`re hearing correctly, the sale of Upton Park will do just that, it`ll be a sad day as we lose part of our heritage that we all love and admire.

But, continuing, Karren has hit back at those critics who infer we`ve acquired a new home on the cheap, with it being intimated that we`ll be paying a mere £15 million for the stadium and a rent of £2 million a year, remarking,

"West Ham is not getting a free stadium. Across the world, stadiums that are not in use die. Without anchor tenants the cost would be huge to taxpayers."

Succinctly put but will our detractors be happy with that statement, I think not!



Click here to join in the debate on the club forum.

Writer:Rossy
Date:Thursday July 25 2013
Time: 4:51PM

Login to post a comment

Best of International Football News

-

Recent West Ham United Articles

West Ham's Hernandez Set for Turkish Move

With Andy Carroll injured West Ham United find their striking options further limited.

West Ham v Bournemouth - Fascinating Facts

It`s that time of the week again, time to delve through the record and form books to discover a few fascinating facts about the fixture this weekend.

West Ham v Bournemouth - Managerial Chit-Chat

Can the Hammers follow-up their fine win away to Huddersfield Town last weekend, with a home victory against Bournemouth?

West Ham v Bournemouth - Early Team-News

Who is injured, who is doubtful and who may return after respective FA Cup replays for both teams in midweek.

West Ham United Archived Articles

Vital West Ham articles from

Site Journalists

Rossy
Editor email
Profile

Current Poll (see more polls)

West Ham v Bournemouth?
Suggested By: rossy
West Ham to Win!67%
Bournemouth to Win!22%
A Draw!0%
ScoopDragon Premier League Network Sites
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent West Ham United Results (view all)

West Ham United Fixtures

Vital Members League Table

RankNamePoints
1.EddyT1
Write for Vital Football