138-year-old London boxing club faces closure over massive rent increase

https://www.standard.co.uk/news/london/broad-street-amateur-boxing-club-tower-hamlets-closure-threat-rent-increase-b1194272.html

by tylerthe-theatre

10 comments

  1. Good. The sport is in decline anyway. The final nail in the coffin was the Jake Paul vs Tyson fight last night. Time to move on to pastures new.

  2. Tell ya what, we don’t need stuff like this, what we need are more vape shops and coffee shops

    Maybe throw in an American candy shop

  3. While this is sad, it does open up questions about their financial viability and proficiency. They have had 138 years to consider saving to buy a commercial plot in which to conduct their business, yet have rented instead. I wonder what was going on behind the scenes to choose to remain so at the whims of the commercial rental market?

  4. 138 years to buy a property, land or anything else. Short sighted business.

  5. So the council wants £64,000 a year in rent for a 15 year contact  or £13,000 for a 5 year contact.

    Reminder that Tyson Fury’s last fight paid him around £100,000,000.

    The government can’t take on sole responsibility for the future of the sport.

  6. 138 years and never bought the place? What’s the news here? 

  7. I mean, the headline **sounds** terrible – the annual rent is going up by £60k a year.

    Then you dig into the details, and the current rent is £110/year, based on a lease from **1957**.

    The rent increasing that much for a commercial building really isn’t a surprise when it’s a 70 year increase.

    Club just needs to raise more money from its members, or move.

  9. In 138 years they never thought to buy the place? Wow

  10. No don’t you maean we need more Barbershops for men 90-% money laundering establishments, this country is a joke for some, but so hard for so many people 👤

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