Daily Mail

STADIUM YET TO BOOST WEST HAM FINANCES

- By KIERAN GILL

WEST HAM are yet to feel the financial benefit of their move from Upton Park to the London Stadium, the club’s accounts have revealed. The Hammers’ finances for 2016-17 — the first season at their new home in Stratford — show they made a record profit of £43million. But vice-chair Karren Brady (below) said: ‘It is worth noting the club would have made a similar profit had it remained at the old stadium.’ Most of the money for the year came from the new TV deal (£119.3m) and from player sales (£28.4m). That included Dimitri Payet’s move to Marseille. The sale of the Boleyn Ground also brought in £8.7m. West Ham believed the 57,000-seater London Stadium would benefit them in their search for European football. After finishing seventh in their last season at the Boleyn, they came 11th in their first in Stratford. West Ham suffered a £4.9m loss after tax in 2015-16 so the club are satisfied with their £43m profit. Fans are likely to call for the money to be reinvested in the squad.

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