
West Ham chief speaks out as multi-year London Stadium agreement reached
West Ham United have now reached a new agreement which will continue to benefit the club in the long-term.
The Hammers are currently in a difficult financial position after a few years of inefficient spending in the transfer market, and this will frustrate Graham Potter in the summer window.
West Ham need to raise money as they are in a poor position with regards to profit and sustainability rules, and a number of players could leave.
Commercially, there is also room for improvement, but they have now confirmed an extension to one of their sponsorship agreements.
West Ham extend Corpay sponsorship agreement
West Ham had a sponsorship agreement with US payments partner Corpay Cross-Border Solutions, and they have now made an announcement regarding their future at the London Stadium.
Corpay and West Ham have confirmed an extension to their deal, which previously ran for the past seven seasons, in a move which could benefit them in the long run.
Speaking to Business Cloud, who confirmed the news on Tuesday (17 June), West Ham chief financial officer (CFO) Andy Mollet expressed his delight that the deal has gone ahead.
“Corpay Cross-Border Solutions really have become a core part of our global payment operation,” Mollet stated.
Capacity | 62,500 |
Year built | 2012 |
Owner | GLA Holdings Limited |
“This long-term partnership has delivered superior support and expertise for the club and we look forward to working with them closely in the coming years to build on that success.”
The deal will mean Corpay’s branding is shown around the London Stadium and in digital advertisements, and they are aiming to help the Premier League’s overall global growth.
West Ham need to solve Financial Fair Play issues
West Ham have a difficult summer ahead and will need to sell to ease their financial fair play issues, and they need a long-term plan to make their transfer business more sustainable.
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