00:01City Hall says the long-term deal for West Ham to use the London Stadium is continuing to cost
00:06taxpayers around ÂŁ19 million a year. Officials told the London Assembly the agreement, signed in
00:132013, leaves them responsible for most running and maintenance costs, while the club's recent
00:18relegation has reduced the annual rent it pays. The stadium's operator says it would not agree
00:25to the same terms today, but must honour the contract. Plans to improve finances include
00:30attracting more concerts, developing land around the venue, exploring new commercial opportunities
00:36and seeking ways to reduce the long-term financial burden on London's taxpayers.
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