West Ham are forever getting stick over the London Stadium whereas little is ever said about the the City of Manchester Stadium, a k a the Etihad which was converted for use as a football stadium using Manchester rate payers cash and is leased to the billionaire owners of Citteee at a low (comparatively compared to the Citteee owner's riches) rent
Pretty certain @PragueAddick has covered the differences between Citeh & the Hammers deals and I believe Citeh pay / do a lot more than the latter.
Happy to be corrected
It was also designed and built with its post-athletics life in mind. It was always going to be a football stadium after the Commonwealth Games.
I think also the council were given Maine Road to build on, where as Upton Park was sold by West Ham.
West Ham are forever getting stick over the London Stadium whereas little is ever said about the the City of Manchester Stadium, a k a the Etihad which was converted for use as a football stadium using Manchester rate payers cash and is leased to the billionaire owners of Citteee at a low (comparatively compared to the Citteee owner's riches) rent
Pretty certain @PragueAddick has covered the differences between Citeh & the Hammers deals and I believe Citeh pay / do a lot more than the latter.
Happy to be corrected
It was also designed and built with its post-athletics life in mind. It was always going to be a football stadium after the Commonwealth Games.
West Ham are forever getting stick over the London Stadium whereas little is ever said about the the City of Manchester Stadium, a k a the Etihad which was converted for use as a football stadium using Manchester rate payers cash and is leased to the billionaire owners of Citteee at a low (comparatively compared to the Citteee owner's riches) rent
Pretty certain @PragueAddick has covered the differences between Citeh & the Hammers deals and I believe Citeh pay / do a lot more than the latter.
Happy to be corrected
It was also designed and built with its post-athletics life in mind. It was always going to be a football stadium after the Commonwealth Games.
West Ham are forever getting stick over the London Stadium whereas little is ever said about the the City of Manchester Stadium, a k a the Etihad which was converted for use as a football stadium using Manchester rate payers cash and is leased to the billionaire owners of Citteee at a low (comparatively compared to the Citteee owner's riches) rent
Pretty certain @PragueAddick has covered the differences between Citeh & the Hammers deals and I believe Citeh pay / do a lot more than the latter.
Happy to be corrected
It was also designed and built with its post-athletics life in mind. It was always going to be a football stadium after the Commonwealth Games.
The London Legacy Development Corporation (LLDC) board will meet tomorrow in East London.
Published papers
reveal the board will be told the London Stadium is a further £4.6m
worse off in running cost expenditure after failing to stick to its
agreed budget.
The stadium owners budgeted for £11.8m of expenditure in 2022/2023 but this has increased to £16.4m
The LLDC plans to spend another £14.5m on the London Stadium in capital projects on improvements. up £3.2m on what was budgeted.
The report says of the adverse variance on the Stadium running costs
£4.1m is due to the cancellation of the summer concerts last summer due
to the pandemic, the cost of stewarding West Ham Europa League home
games and the failure to land a naming rights partner for the stadium,
again blaming the global pandemic. The Leeds Cup game was also singled
out for extra stewarding costs incurred in another document.
The papers say the revenue short fall will be funded through
additional income/savings arising from the Stadium and the remaining
£0.5m funding shortfall will be funded by the GLA who have agreed to
fund through additional grant in the November 2021 Budget submission.
The London Stadium element of the board report says following the
very sad news of the death of Taylor Hawkins of the Foo Fighters, the
band have cancelled their 2022 European tour, including two dates
scheduled at the Stadium.
However, it was announced that the Monster Jam monster truck event
would be held at the Stadium on 18 June 2022, Soccer Aid event for
Unicef would also be held in the Stadium on 12 June 2022. The World XI,
managed by Arsene Wenger and captained by Usain Bolt will face the
England XI, managed by Harry Redknapp, captained by Liam Payne and
featuring ex-footballers Gary Neville and Jamie Carragher. It was also
announced that the Stadium will host the The Vanarama National League
Promotion Final on 5 June 2022. The rescheduled Hella Mega tour by Green
Day will be hosted on Friday 24 June.
London Stadium owners E20 Stadium and operators London Stadium 185 –
both owned by the London Legacy Development Corporation (LLDC) – have
tendered publicly for services worth a whooping £56m in relation to the
London Stadium.
The awards of such large tenders over multi-year contracts makes the
chance of West Ham taking over the stadium in the short term unlikely.
May 2021 Fire and safety officer services £130,000
June 2021 London Stadium uniforms £80,000
July 2021 London Stadium Stewarding and Security £20.5m
July 2021 Relocatable London Stadium West stand seating £14.5m
August 2021 London Stadium new staff entrance £600,000
November 2021 Event day barrier £80,000
December 2021 Mobile hostile vehicle mitigation barriers £80,000
January 2022 Retail Merchandise Concession Services £8m
February 2022 Security Services Framework £12m
April 2022 Replacement of the London Stadium PA system £1m
Some of these contracts run for five years with an option of another two years.
With the abolition of the London Legacy Development Corporation in
2025, it remains to be seen who will inherit these contracts but Newham
council are in a prime position to take over the loss-making
public-funded stadium.
Evening all, I’m away from home at the moment; however for sure I can confirm everything that’s been said in answer to @Lincsaddick questions/comments.
From memory I can add the following:
– the Manchester stadium was planned in advance to be converted for football use. This is actually featured in the BBC documentary about West Ham’s deal; the doc is still available on Vimeo but I’m not gonna link it, since it will only provoke more windup about that bloody gilet.🤣 - As a result the cost of conversion for football was only £40 million, but more importantly, City paid half of that. West Ham’s contribution to the £337 million bill for refitting the Olympic stadium to their spec. was £15 million. - In respect of the above point, I would like to remind everyone that the person who drove through and signed off on that is now the Prime Minister of the UK. - I can’t remember how I was given this connection, but I had the opportunity to talk on the phone with a fairly senior City of Manchester Hall bod who was very pleasant and helpful. He said that the deal in Manchester was considered very positively because it was a win-win. He revealed that Sheihk Mansour had committed £900 million to regeneration projects around the stadium. I have not yet been able to find any evidence that the Dildo Brothers have contributed a single penny to regeneration projects around the Olympic stadium, as opposed to the millions they committed to Tory party coffers. However their CEO was duly installed in the House of Lords, where I am sure she is doing all kinds of things to help the regeneration of the country.
If the bloody thing is to be sold to West Ham, it is really important that it is sold at a price that does not take the piss. There are now two benchmark prices for stadia in London to help establish a market price, the Emirates and the new White Hart Lane. IMO anything less than £600 million is taking a piss.
The dildo brothers will probably buy the stadium at a knock down price, then sell the club, but keep the ground.
WHU have an enduring right to use the stadium under the original agreement which makes it a worthless asset for any investor. A new owner will simply be buying the obligation to fund WHU's costs of playing at the stadium.
When, not if, E20 throw in the towel the only possible purchaser is WHU who would take no different a view to any other potential buyer - it's a worthless asset but only WHU derive any economic benefit from acquiring ownership even though they pick up future costs. They will name their price.
Because the Brady bunch cleverly engineered an agreement without any clauses covering what happens if the owners go into administration or giving any purchase option for WHU, the door is simply left open for intractable arguments over the tenants rights and eventually WHU would simply get whatever they want because there is no other way for E20 to avoid ever increasing debt.
I blame @PragueAddick for the losses . Their lawyers argued that revealing details of the agreement and naming rights would prejudice the commercial interests of the stadium owners.
Hey, as a UK tax payer I am used to being bent over and pegged, however the thought of those claret n blue mugs doing this adds even more resentment. The fact that they are a bunch of spunk mag and dildo salesmen is the purest of irony of course (iron! Geddit?).
I'm wondering what made the BBC suddenly decide to run with this, with the by-line of a quite senior political journo, as opposed to a sports journo like Dan Roan who did his best at the time. A conspiracy theorist might suggest it has something to do with the removal of that festering lump of lard Boris Johnson, the man who drove the contract, from No 10. I rather hope not because that would imply that the pressure on the BBC in recent years has been as real and as malignant as some of us fear.
Alos yesterday, and possibly sparked by the article, the Dossier Twitter got a reply from an account I've not come across before. Anyway I have downloaded the book and started reading. I fear it's not going to be comfortable reading.
Was watching the sports minister and various voices on the BBC in Birmingham this morning talking about enduring legacies after these commonwealth games. Hot air and bullshit never smells nice in these temperatures or am I a disillusioned cynic?
There's certainly a feeling that UK Athletics will cut it loses on the London Stadium, and focus all it's attention on the Alexander Stadium moving forward
How is the settlement allowed to be confidential? Surely it's in the public's interest to know?
That’s a very good question. If they are going to cite “commmercial confidentiality”, our case would as precedent drive a coach and horses through it, you’d think. But I’ll ask my FOI expert friends in London. Maybe there are exemptions regarding legal judgements.
That said, I’m glad the LLDC have got something out of this “Magic Circle” law firm. Often they trade on their names and get away with shoddy work, doubtless prepared by junior staff. Good if they’ve lost a few mill as a result. And good the LLDC went after them. Lyn Garner, the CEO took over after the other guy David Nomark ( who libelled Steve Clarke and I in his complaint to the BBC) and I have always liked the cut of her jib. Different Mayor of course too. Whatever happened to the Mayor who presided over this pile of pooh?
Comments
Here https://football.fandom.com/wiki/City_of_Manchester_Stadium
The London Legacy Development Corporation (LLDC) board will meet tomorrow in East London.
Published papers reveal the board will be told the London Stadium is a further £4.6m worse off in running cost expenditure after failing to stick to its agreed budget.
The stadium owners budgeted for £11.8m of expenditure in 2022/2023 but this has increased to £16.4m
The LLDC plans to spend another £14.5m on the London Stadium in capital projects on improvements. up £3.2m on what was budgeted.
The report says of the adverse variance on the Stadium running costs £4.1m is due to the cancellation of the summer concerts last summer due to the pandemic, the cost of stewarding West Ham Europa League home games and the failure to land a naming rights partner for the stadium, again blaming the global pandemic. The Leeds Cup game was also singled out for extra stewarding costs incurred in another document.
The papers say the revenue short fall will be funded through additional income/savings arising from the Stadium and the remaining £0.5m funding shortfall will be funded by the GLA who have agreed to fund through additional grant in the November 2021 Budget submission.
The London Stadium element of the board report says following the very sad news of the death of Taylor Hawkins of the Foo Fighters, the band have cancelled their 2022 European tour, including two dates scheduled at the Stadium.
However, it was announced that the Monster Jam monster truck event would be held at the Stadium on 18 June 2022, Soccer Aid event for Unicef would also be held in the Stadium on 12 June 2022. The World XI, managed by Arsene Wenger and captained by Usain Bolt will face the England XI, managed by Harry Redknapp, captained by Liam Payne and featuring ex-footballers Gary Neville and Jamie Carragher. It was also announced that the Stadium will host the The Vanarama National League Promotion Final on 5 June 2022. The rescheduled Hella Mega tour by Green Day will be hosted on Friday 24 June.
London Stadium owners E20 Stadium and operators London Stadium 185 – both owned by the London Legacy Development Corporation (LLDC) – have tendered publicly for services worth a whooping £56m in relation to the London Stadium.
The awards of such large tenders over multi-year contracts makes the chance of West Ham taking over the stadium in the short term unlikely.
Services tendered for include:
May 2021 Fire and safety officer services £130,000
June 2021 London Stadium uniforms £80,000
July 2021 London Stadium Stewarding and Security £20.5m
July 2021 Relocatable London Stadium West stand seating £14.5m
August 2021 London Stadium new staff entrance £600,000
November 2021 Event day barrier £80,000
December 2021 Mobile hostile vehicle mitigation barriers £80,000
January 2022 Retail Merchandise Concession Services £8m
February 2022 Security Services Framework £12m
April 2022 Replacement of the London Stadium PA system £1m
Some of these contracts run for five years with an option of another two years.
With the abolition of the London Legacy Development Corporation in 2025, it remains to be seen who will inherit these contracts but Newham council are in a prime position to take over the loss-making public-funded stadium.
- As a result the cost of conversion for football was only £40 million, but more importantly, City paid half of that. West Ham’s contribution to the £337 million bill for refitting the Olympic stadium to their spec. was £15 million.
- In respect of the above point, I would like to remind everyone that the person who drove through and signed off on that is now the Prime Minister of the UK.
- I can’t remember how I was given this connection, but I had the opportunity to talk on the phone with a fairly senior City of Manchester Hall bod who was very pleasant and helpful. He said that the deal in Manchester was considered very positively because it was a win-win. He revealed that Sheihk Mansour had committed £900 million to regeneration projects around the stadium. I have not yet been able to find any evidence that the Dildo Brothers have contributed a single penny to regeneration projects around the Olympic stadium, as opposed to the millions they committed to Tory party coffers. However their CEO was duly installed in the House of Lords, where I am sure she is doing all kinds of things to help the regeneration of the country.
If the bloody thing is to be sold to West Ham, it is really important that it is sold at a price that does not take the piss. There are now two benchmark prices for stadia in London to help establish a market price, the Emirates and the new White Hart Lane. IMO anything less than £600 million is taking a piss.
The continuing drain of West Ham's bargain of the century
https://www.bbc.co.uk/news/uk-england-london-62406154When, not if, E20 throw in the towel the only possible purchaser is WHU who would take no different a view to any other potential buyer - it's a worthless asset but only WHU derive any economic benefit from acquiring ownership even though they pick up future costs. They will name their price.
Because the Brady bunch cleverly engineered an agreement without any clauses covering what happens if the owners go into administration or giving any purchase option for WHU, the door is simply left open for intractable arguments over the tenants rights and eventually WHU would simply get whatever they want because there is no other way for E20 to avoid ever increasing debt.
I blame @PragueAddick for the losses
Alos yesterday, and possibly sparked by the article, the Dossier Twitter got a reply from an account I've not come across before. Anyway I have downloaded the book and started reading. I fear it's not going to be comfortable reading.
Whereas in the boxes, where the big margins are, they keep the lot.
Hot air and bullshit never smells nice in these temperatures or am I a disillusioned cynic?
London Stadium: LLDC and law firm settle over West Ham deal
https://www.bbc.co.uk/news/uk-england-london-62469587That said, I’m glad the LLDC have got something out of this “Magic Circle” law firm. Often they trade on their names and get away with shoddy work, doubtless prepared by junior staff. Good if they’ve lost a few
mill as a result. And good the LLDC went after them. Lyn Garner, the CEO took over after the other guy David Nomark ( who libelled Steve Clarke and I in his complaint to the BBC) and I have always liked the cut of her jib. Different Mayor of course too. Whatever happened to the Mayor who presided over this pile of pooh?