Below is a link for a copy of the agreement between the London Legacy Development Corporation (LLDC) and West Ham regarding the London Olympic stadium referred to as the E20 Stadium, which was released following the Freedom of Information campaign by a coalition of fourteen supporters' associations.
Submitted by Julian Cheyne on Mon, 25/04/2016 - 07:31.
After putting up heroic resistance in the public interest the London Legacy Development Corporation (LLDC) finally gave in and published the details of the contract with West Ham for the London Olympics stadium after being ordered to do so by the Information Tribunal. However, a search of the LLDC website for the contract produces 'no result' and does not provide any trace of the document and nor is it mentioned under 'News' or 'Press Releases'. The full agreement can be found here. Interestingly the details of the contract had not been pursued by any public authority or by GLA Assembly Members, by the European Union or even by rival football clubs like Tottenham Hotspur or Leyton Orient but by Supporters groups from fourteen different clubs. Apparently Boris Johnson had said he would be happy for the contract to be published. If so it is hard to understand why he didn't push for this to happen, as the LLDC is very much his baby, rather than allow it to spend over £21,000 fighting the case.
The BBC outlined the details. The final cost of the stadium is £701million with the cost of conversion £272million, up from the original estimate of £160million. West Ham's contribution to this refit was £15million. [As an indication of how bad this deal is it has to be recalled that West Ham's previous owner Eggert Magnusson offered £100million to take over the Olympic stadium! He was prepared to guarantee an athletics legacy as well] It will pay £2.5million rent per year with a scale of charges depending on the club's footballing success or failure. However, it will not pay for a variety of services like security, undersoil heating, floodlighting, cleaning which are worth up to another £2.5million.
The BBC claims the stadium will be a multi-use venue. It is hard to see the point of this statement. It is a 'multi-use' venue because of the enormous amount of money spent on converting it to accommodate athletics and football! However, if a two month window for, in all probability, one major athletics event a year qualifies it as a multi-use venue then this is a strange understanding of multi-use. The fact that music events will also be hosted is hardly unusual for stadiums of this type, many football clubs host such events without this kind of expenditure.
However, in this article the BBC fails to mention the £40million loaned by Newham to West Ham as part of the deal although back in 2011 it reported on concerns in Newham and among some Newham councillors that the deal had little to offer the community and highlighted the control exercised by Newham's Mayor, Robin Wales, who is able to use political patronage to silence opposition in a borough without any non-Labour councillors. The BBC reported:
One serving councillor, speaking on condition of anonymity, said: "A significant number of councillors have reservations.
"There are massive doubts over supposed community benefits."
The councillor continued: "Why are we arranging a loan for a private company? West Ham should go to a bank like everybody else.
Councillors are afraid to speak out. This rings alarm bells.
Anita Shields, Independent auditor
"The financial football model is hardly blessed by success."
But not one serving politician will go on the record.
The councillor said: "The problem is the mayoral system.
"People are frightened to go against the mayor. They are frightened of a lack of patronage.
"He's had almost the same executive since 2000 - on £40,000 each. People want a bit of the action."
Submitted by Julian Cheyne on Thu, 21/04/2016 - 00:27.
This is the lineup for a panel to discuss the London2012 sports legacy for the London Legacies Group Seminar entitled: 'Has the Sports Legacy from the 2012 lived up to the commitments made?' Every single participant has a connection to the London Olympics.
Richard Sumray: Chair
Submitted by Julian Cheyne on Wed, 13/04/2016 - 16:53.
Submitted by Julian Cheyne on Sat, 15/06/2013 - 14:06.
Peers are apparently keen to prevent appointment of fellow peer the Baroness Grey Thompson (of the £7500 a
Submitted by Steve Dowding on Tue, 23/04/2013 - 09:46.
Usain Bolt is to get £500,000 for appearing at this summer's Olympics Anniversary event. Up till now Bolt has been the victim of 'punitive' tax laws which have prevented him earning these absurd sums in the past, but now the law has been changed to rectify this injustice! His British rivals, the likes of Ennis and Farah, will have to make do with a miserable £100,000 or so.
Submitted by Julian Cheyne on Thu, 18/04/2013 - 01:42.
So the little guy is back! Whoever thought Leyton Orient were going to give up without a fight has another think coming. Just as West Ham thought they were close to a deal to take over the Olympic stadium Leyton Orient have sought judicial review of the bidding process.
Submitted by Julian Cheyne on Wed, 06/03/2013 - 13:27.
‘I think the Vitality programme is absolutely brilliant – everything I stand for is echoed in the values of Vitality.’ These are the inane words of Olympic heroine Jessica Ennis, now earning a fast buck as a ‘Vitality Ambassadress’ through which she will ‘participate in a number of marketing activities…which add value to the Vitality proposition’. Diplomatically, she continues ‘we all love to be rewarded for our hard work to get healthy…’
Submitted by Julian Cheyne on Wed, 27/02/2013 - 14:58.