As the world meets again at the Olympic Stadium for the Anniversary Games, Hammers vice-chairman Karren Brady told a House of Lords committee: “We have to pay off all our bank debt to move — we can’t take that with us.”
The Hammers are moving in 2016 but Brady denied they were getting the stadium on the cheap.
Former sports minister Richard Caborn alleged the £600m stadium was costing them just £15m — and £2m a year to rent.
But Brady said: “West Ham is not getting a free stadium. Across the world, stadiums that are not in use die. Without anchor tenants the cost would be huge to the taxpayer.”