Inquiry opened into West Ham's Olympic Stadium deal
 

https://www.theguardian.com/sport/20...iry?CMP=twt_gu

This whole thing has been a mess. I don't understand why the government is paying for all the work that needed to be done. It would have been cheaper to knock the whole thing down than do this deal. The option to sell the land to Spurs and have them build a custom stadium as a better idea too.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

The trouble is it was not designed for football matches and no matter what they do significant flaws in many aspects of the stadium are still likely to remain so yes the cheapest and wisest option would have been to bulldoze it.

l wonder what TD's thoughts are on this?.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

I saw this on the news and I am thinking, some hospitals are facing closure due to serious budget cuts, we have had a hospital closure in another district not that long ago and now people have to travel in to our district if they need Accident and Emergency care and now I can see why. I cannot believe Tax payers are being levied here, when majority of them won't ever use or visit this Stadium, ever in their life time.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

This reveals quite a lot into the deal as yes it seems some can easily get taxpayers money willy nilly while many of our important services struggle and have to cope with closures and cuts.

http://www.telegraph.co.uk/football/...ding-25m-annu/

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Absolutely ridiculous and demonstrates that there is money about but it's being wasted on things not in the national interest by people and organisations happy to squander public funds. Sorry but if west ham need a new ground they should pay all the costs of constructing or converting they can keep their £2.5 million and we'll keep our £740 million.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

The FA have pocketed £billions from TV deals. Is it too much to expect them to stump up a few £million instead of the taxpayer?

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Why should the FA cough up? West Ham should.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Nor me. Bungs in plain brown envelopes must be changing hands daily.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

l think its pretty obvious that friends in high places played a large part in West Ham getting this type of deal.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

if there's one thing we learned from slap splatter its that football is bent ,from the bottom to the very top its a festering cesspool of corruption ,it beggars belief that people are surprised by this .

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Good idea, give the stadium to the people that scuppered the origional deal that would've seen west ham purchase the stadium rather than rent it for 25 days a year

The deal will make a profit for the taxpayer in the end besides if the money wasn't spend here you really think it'd be available for hospitals because I don't, anyone that does probably believed the referendum poster about giving the nhs all that cash to

We'll keep a white elephant. At least with the hammers there it'll make a profit over the course of the lease

Why? They're tenants for 25 days a year

---------- Post added at 21:24 ---------- Previous post was at 21:23 ----------

You clearly have absolutely no knowledge of the deal to say that

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

I think we can safely assume you're a West Ham fan.

Twice you stated in your replies that this deal will make a profit for the taxpayer.

The taxpayer has paid £323m to convert the stadium. West Ham are paying £2.5m a year.

So at that rate it would take 123 years to break even. That's a great deal for the taxpayer!

I just hope it's London taxpayers that are copping for it.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Joy, yet another person with absolutely no idea what they're talking about

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Can you show me how me the taxpayer will recoup the extra money spent and HOW SOON?

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Besides these are the questions I assume the inquiry might help answer.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

No need to shout, the facts are there if anyone would only look, for a start 70% of the catering rights are going to the taxpayer which is millions per season as are the first 4 million of the naming rights any after is split 50- 50, the rent is index linked at the higher rate and there is various other clauses related to performance and if the club is sold.

Why when the answers are already out there, you're being sucked in by a politician playing games

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Well l am usually wrong about a good many things as is well known but it seems many others share the same opinion so we can't all be wrong.:)

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

I don't even understand why there is a inquiry .Sadiq Khan must be at a lose end ....or a Millwall fan .West Ham and UK Athletics are the biggest tenants ,West Ham for 25 days a year with the option for longer dependant on cup runs but they pay more... £100,000 per game on top of the £2.5m ,they also pay more the higher up in the premiership they finish.Those are cumulative costs rising to £1 million should they win the premiership.Naming rights are also a big earner for LLDC with the stadium taking the bulk of any naming deal .On top of West Hams deal there is also UK Athletics ,concerts, international rugby,baseball etc ,etc, all the above are making regular use of the stadium earning the tax payer money for what ,going on past history ,could have been a big fat white elephant

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

It's not what I expect my taxes to be spent on..

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

In this case you are ;) all you and other have seen is a headline "tax payer paying for premiership club ground" which is so far from the actual facts as to be laughable

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Because the cost rose £31 million I think. Khan is an Arsenal fan, as he should be.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

So what, that is peanuts compared to what the stadium will earn in it's lifetime.I think the bigger and better question is what will the inquiry cost and what purpose will it serve ,the answers are quite a lot and none

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

It's not really peanuts. http://news.sky.com/story/sadiq-khan...-cost-10642018

That's around a 20% increase. And even then the £272m was an increase from £154m when the deal was signed and we're talking about conversion costs here, not the price of the stadium being built originally. Only £15 million of that is being paid by West Ham and the rest by the tax payer.

It's also not clear how it's actually going to be earning: https://www.theguardian.com/sport/20...ating-problems

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

Enlighten me.

Re: Inquiry opened into West Ham's Olympic Stadium deal
 

You can be if you and the others aren't aquainted with the facts, everyone other than marty appears to be relying on Barry hearn for their information

What a great post

I already have in post 16, marty has to above, you're welcome