West Ham United Relegated, London Taxpayers Face £2.5m Bill

West Ham United were relegated on the final day of the Premier League season. The club will compete in the Championship in the upcoming campaign. Relegation will cost the club more than its annual revenue. The financial loss outweighs the club's current operating budget. London taxpayers will receive a £2.5 million bill linked to a Boris Johnson deal. The bill stems from a financial arrangement made during Johnson's mayoral tenure. The £2.5 million charge will be recorded in the city’s accounts as West Ham prepares for the lower division. The situation underscores the fiscal impact of the club’s demotion on public finances.