London Stadium to relax boxing capacity limits as West Ham's relegation weighs on finances
West Ham
The London Stadium wants to ease capacity restrictions for boxing matches in order to boost revenue and compete with Wembley for major events. West Ham's relegation to the Championship has halved the rent paid by the club and increased security costs, linked to the greater number of home matches in the second tier. The stadium, which cost the public purse a total of £701 million, now costs taxpayers around £19 million a year. The 2016 agreement provided for a 99-year lease, with an initial payment of £15 million and an annual rent of £2.5 million.
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