Baleforce
Arthur Rowe
not a lot, but they will have made their money from the land sale already
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The London Taxpayers' Stadium Shambles
- Thread starter ArcspacE
- Start date
not a lot, but they will have made their money from the land sale already
Grays_1890
Chris Jones
Its a great prospect for anyone based on commercial activity alone. There will a lot of interested parties after the move
Shouldn't be a problem for the sale.
Club assets will be lower without the stadium, but the length of the tenancy is well beyond even the longest of planning horizons.
Grays_1890
Chris Jones
There commercial value is going to go through the roof with the move, even if they cant fill the seats (which I still doubt they will) their corporate hospitality is gonna fly as they are a bus, taxi, train from London from major trains.
They are going to be more investable at that stadium rather than Upton Park
They are going to be more investable at that stadium rather than Upton Park
Not sure if convenience alone will be enough. It's still a brick team in a brick stadium. Good news is you won't be able to see just how brick they are.
milo
Jack L. Jones
I disagree. If the boxes are half a mile from the pitch, it will affect their value. They also only receive match day revenue, so their income streams are going to be dramatically smaller than their rivals.
Grays_1890
Chris Jones
I have sat with West Hams previous commercial director when my company looked to sponsor the club and I can assure you the difference in sponsoring West Ham in the last three seasons is poles apart from what they are getting from next year. Its not just the football product but the actual product that the box offers, the boxes at Upton Park are shabby compared to what they will have and its that match day experience/product that sells.
The fact is the Olympic Stadium logistically was set up with the city in mind, Upton Park wasn't, its high profile and its new, it ticks all the boxes that companies look for.
As for non match day revenue there isn't much at Upton Park anyway, their meetings offering at Upton Park was so shabby and again away from the City that it was rarely taken up. I was actually offered free use of a box on non match days as a boardroom but you couldn't get anyone to get out there.
The fact is the Olympic Stadium logistically was set up with the city in mind, Upton Park wasn't, its high profile and its new, it ticks all the boxes that companies look for.
As for non match day revenue there isn't much at Upton Park anyway, their meetings offering at Upton Park was so shabby and again away from the City that it was rarely taken up. I was actually offered free use of a box on non match days as a boardroom but you couldn't get anyone to get out there.
Gazzasrightboot
Pascal Chimbonda
Excellent post. This will have go a long way to West Ham closing the gap on us. Even if the people using the box are not West Ham fans, by getting a box they are guaranteed a fixture against Man United, Liverpool, Emirates Marketing Project etc..... It will be convenient for them to get to, and it will be brand new.
In our new stadium, I think we will be a bigger draw not because we are a better team, but mainly because we will also have NFL and more going on. West Ham are only going to get football related income, so any other events that are run there, they will not see a penny of.
Rorschach
Sonny Walters
...also you can actually see football at our stadium. Has to be a plus.
We could rent some conference rooms in the city, put up some big screens, offer the West Ham experience on their door step.
Grays_1890
Chris Jones
I guarantee that will be a non issue to money paying corporates.
It bothers you because you are a football fan wanting to watch the football, you are not EY wanting to smooze maybe or maybe not West Ham Supporters in a top end Box in the Olympic stadium, where the catering offering is excellent because the facilities will be new and purpose built.
It will beat the chicken and potatoes that they serve at the minute, actually the last time I was at Spurs the Corp Hos offering was utter pony...and I am not talking about the old sponsor
milo
Jack L. Jones
I'll be interesting to see if they can maintain the interest after the first season. It is undeniable that the transport links are good but if the football is bad and the view poor, I am sure that will have an impact once the novelty has worn off.
Gazzasrightboot
Pascal Chimbonda
I think it will have an effect but won't be the be all and end all. Ultimately corporate hospitality is about offering something that is entertaining and also being associated with a winning team. If West Ham don't improve their results, then the number of companies that would want to associate themselves with them will be lower. The other thing is the offensive chants and atmosphere. A lot of businesses will not want to be associated with anti-semetic, racist fans/songs. If you're trying to close a deal worth millions or thank a client for signing you, the last thing you will want to hear is a couple of thousand fans chanting about how many foreskins there are in the crowd.
Gazza's free kick
Danny Hill
To be fair they are building a decent squad there and will probably be bought out in the next few years ( etc Emirates Marketing Project) and will be attracting some big names I think. Like it or not they have got the potential to be very big.
Grays_1890
Chris Jones
Also they tend to tie up all corporate deals into longer term, it won't just be about season 1.
Anyway time will tell on this.
Anyway time will tell on this.