Still paying through the nose for them:
The London Stadium, home of West Ham United, cost taxpayers an extra £30m last year as the ground’s owners struggled to agree naming rights for the former Olympics venue.
Despite benefitting from a refund in business rates and lower operating costs as matches were played behind closed doors, the stadium, controlled by the taxpayer-backed planning authority London Legacy Development Corporation, remains in the red.
Shareholder’s injected £28.7m of cash through a combination of equity and debt in the year to March 2021, according to recently filed accounts.
Previously published accounts have shown the stadium racking up losses of £450m in the five years to March 2020.
The Hammers, who are currently fifth in the Premier League, pay £2.8m-a-year to use the stadium under an agreement dubbed the “deal of the century” by the Taxpayers’ Alliance.