According to finance expert Kieran Maguire, West Ham stands to gain a substantial financial boost from the expansion of the London Stadium, with the additional revenue potentially being channeled into the club’s transfer budget. Maguire, speaking exclusively to Football Insider, highlighted the financial advantages that the Hammers’ increased capacity is expected to bring.
As reported by the Daily Mail, West Ham has submitted an application to raise the capacity of the London Stadium to 68,000 on matchdays. This move would position the London venue as the second-largest home stadium in the Premier League, surpassed only by Old Trafford.
In their latest club accounts, West Ham recorded £41 million in matchday revenue. However, with the anticipated increase in capacity, this figure is likely to see a significant rise. Maguire noted that the augmented matchday income could effectively bolster the club’s transfer budget and wage bill.
“West Ham will certainly benefit from an expansion to 68,000 at the London Stadium,” Maguire affirmed to Football Insider’s Sean Fisher. He also pointed out that while the impact on revenue might not represent a monumental shift, it would serve as an important contribution, particularly as the Hammers compete in European competitions. Maguire emphasized the necessity for the club to meet wage targets as a percentage of revenue, adding that the augmented revenue, which he estimates as a seven-figure increase, could be put to use for talent recruitment and retention.
In conclusion, Maguire underscored the potential impact of this additional revenue on the club’s ability to enhance its squad, highlighting that it aligns with the desires of fans to witness ongoing efforts to recruit and retain top talent.
