Inquiry opened into West Ham's Olympic Stadium deal

[TheDaddy]

Originally Posted by Maggy J

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

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.

Originally Posted by Damien

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

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

[denphone]

Originally Posted by TheDaddy

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

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.

Originally Posted by Damien

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

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

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

Originally Posted by denphone

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.

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

Originally Posted by martyh

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

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

Originally Posted by Damien

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

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

Originally Posted by martyh

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

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

The taxpayer-funded cost of turning the icon of the London Games into a football stadium for West Ham has risen from £272m to £323m.

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

[Pierre]

Originally Posted by TheDaddy

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

Enlighten me.

[TheDaddy]

Originally Posted by denphone

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.

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

Originally Posted by martyh

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

What a great post

Originally Posted by Pierre

Enlighten me.

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