West Ham will pay $3.5M a year to play in Olympic Stadium
LONDON (AP) West Ham will pay 2.5 million pounds ($3.5 million) each season to play 25 games at the Olympic Stadium.
The company tasked with securing the legacy of the 2012 Olympic sites released the West Ham rental agreement on Thursday after losing a legal fight to keep details secret.
West Ham was awarded a 99-year tenancy from August and had to pay some of the costs to make the 60,000-seat stadium suitable for soccer.
The rent will increase if West Ham plays more than 25 games each season, due to participation in cup competitions.
West Ham's first season at the stadium coincides with new Premier League television deals that are expected to see clubs earn at least 100 million pounds a year.