Huge West Ham news: This will delight Hammers fans

As every home match now looks like being sold out there will also be at least another £54m to be banked over the season.

All that comes on top of the £20m Galliard and Barratt Homes have paid for the right to build 700 apartments on the site of the old Boleyn Ground.

Meanwhile, worldwide marketing plans and stadium spin-off commercial ventures will propel the Hammers into a market previously dominated by giants like Manchester United and City and Real Madrid and Barcelona.

There will be another £2m plus if they go on to win the FA Cup in May.

Even though the Hammers will have to pay extra if they finish in the top 10 of the Premier League and qualify for Europe, the fact that they will be excused heating and lighting costs as well as wages for turnstile operators and cleaners also increases the club’s potential profits.

West Ham’s windfall has, however, spared the LLDC and the Government the embarrassment of having an expensive white elephant on their hands.

It is costing an incredible £272m to make the stadium fit for football, £40m of which is being provided by the local Newham Council, with another £25m from the government and £15m from West Ham.

UK Athletics, who were supposed to be the major beneficiaries of the stadium, have chipped in with a modest £1m.

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