West Ham in legal battle with the London Stadium owners over allegedly underpaying them by millions of GBP.

Compared to most Premier League clubs, West Ham are very well off. They are consistently near the top of the profit and loss statistics, with a lot of this being down to the stadium.

The Hammers do not own the London Stadium, they instead rent it for a ridiculously cheap price. While not owning it sacrifices the fans’ experience, it does massively benefit the club financially.

However, reports have emerged claiming that West Ham actually underpaid the LLDC (the stadium’s landlords) by £3.95 million. This is because of Daniel Kretinsky’s purchase of 27% of the club’s shares.

The club have to pay the landlord a percentage of money raised from shares being sold, but they only paid £2.6 million.

In the near future, the case will receive judgment from the high court.

From a financial point of view, such a small loss will not make much, if any, difference on their finances, and it certainly won’t push them over the edge when it comes to PSR. Hopefully it’s a genuine misunderstanding rather than the board trying pull one over on the stadium’s owners.