West Ham would consider purchasing the London Stadium under the right circumstances, according to vice-chairman Karren Brady.
Brady was appearing before the London Assembly’s Budget and Performance Committee to discuss the financial issues that have impacted West Ham’s new home since they relocated there from Upton Park two years ago.
A report established that the stadium was losing around £20million a year while the Hammers have had various disagreements with their landlords ranging from capacity and stewarding to the sale of draught beer.
One option to end the saga could be West Ham buying the former Olympic Stadium outright, which Brady admitted is a possibility that has not yet been discussed by the club’s board members.
Yet Brady believes the specific cost of retractable seating to cater for an athletics running track muddies the waters.
She said: “I think the London Stadium craves direction. I think it should be a jewel in the crown for London, it should be hosting events 365 days a year.
“It really should have the commercial expertise it deserves, it should have the financial controls it so readily needs, it does need investment.
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“I don’t think it’s anywhere near to realising its full potential and that, for me, is incredibly frustrating.
“(Buying the stadium is) certainly something we would look at. I think if it was to become a dedicated football stadium, with pop concerts and maybe the occasional rugby match that could be a really seriously good proposition.
“The problem for this stadium is the cost of the seat moves for athletics. That is what drains the proposition of all of its revenue.”