The London Taxpayers' Stadium Shambles

[Superhudd]

Re: O/T West Ham Get Olympic Stadium

I still say they should be forced to pay the 150m and paid back like a team should have had to do. As a tax payer this deal is fudging dreadful and I implore everyone to write to there local MP voicing as much.

 

[SteveAWOL]

Re: O/T West Ham Get Olympic Stadium

It won't be quite that bad! They already average 35K. Given that they're planning to give away thousands of free tickets and make thousands more dirt cheap, I can imagine that they'll get 45K for most games and sell out the really big games.

Obviously, that won't earn them a massive amount more than at the current ground but, over time, some of those attracted by free and cheap tickets might become proper fans. At which point prices could go up.

I imagine that the Olympic stadium, once redeveloped, will also have considerably more by way of corporate facilities than Upton Park. So overall match day revenues should increase significantly.

Agreed. The Spammers have just purchased one of the most famous stadiums in the world for £15m and even if they continue to struggle in the Premier League they are inevitably going to get a surge in attendances just from people who want to visit the Olympic Stadium and some of those tourists will become Spammers. Plus some of those thousands of local kids might end up going there regularly as their parents can't afford to take them to WHL and that might be enough to turn them into Spammers.

now that the Spammers have the OS im pretty sure the Arabs are readying a bid.

Gold and Sullivan must be rubbing their hands in glee as they will soon have an iconic stadium with excellent transport links in an area that has received £billions of investment. Certainly a more attractive investment opportunity than a club based in an area most well known for its riots with inadequate transport links, although I'm not sure quite what Boris' promised £41m regeneration funds are going towards.

 

[jimmyb]

Re: O/T West Ham Get Olympic Stadium

I still think we missed out here. This is massive for West Ham, whilst we struggle to find the money for a £400m (guess?) stadium, they get one for £15m.

West Ham's stadium will only cost them an initial £15 million capital investment. And then they'll have to pay £2 million rent per annum; they'll only receive a minority portion of the naming rights income; they'll have to pay a minority portion of catering income to the LLDC; they'll have to share the stadium with a number of other tenants; they'll get no income from concerts etc.

Our stadium will cost £250 million. And we will receive every penny that it generates.

Not to mention that it will be a far better football stadium. And it will be where it's supposed to be - in Tottenham.

 

[Baleforce]

Re: O/T West Ham Get Olympic Stadium

Well it is now. Because it is written into the contract signed by both West Ham and the LLDC.

The LLDC wouldn't have agreed to the added spending on retractable seating otherwise.

so LLDC (and therefore the MDC) now have a financial interest in a private company, bloody hell

 

[jimmyb]

Re: O/T West Ham Get Olympic Stadium

not just matchday, but during the time when there is no football too. I heard that Arse make a tidy sum of non matchday revenue and West Spam are now another very serious competitor for Levy when it comes to this income stream. I doubt he is happy. The OS's location and travel links mean they are in a prime spot to steal a lot of this type of revenue

It all comes down to the product. Spurs' new stadium will be better than West Ham's. It will have better corporate facilities - it will be built to the same level of spec as our world leading, new training centre. It will hold more fans than the Olympic stadium and yet it will still be far more intimate and atmospheric. And crucially, unless something changes dramatically, there will be a far better team to watch at the new WHL.

 

[jimmyb]

Re: O/T West Ham Get Olympic Stadium

I wasn't bothered on staying in north London so was actually for the Stratford move, so that's why I think we have missed out. You can go on about history and stuff but we would always be spurs just in a different location. Plus whl is a brick hole and Stratford is gong to be a great place to live.

Anyway it's done now but you will definitely see west ham improving on the pitch and financially which is bad news for us

Why will they necessarily improve on the pitch?

We will improve financially too. And we're already a long way ahead of them.

 

[Spur of the moment]

Re: O/T West Ham Get Olympic Stadium

Stratford is not much better mate.

Don't know how we could still call ourselves Tottenham Hotspur if we played in Stratford. It's not even North London.

As for the last part, really don't see how or why this move will propel West Ham. They'll still always be 4th or 5th biggest club in London unless some rich Arab buys them.

This is it in a nutshell. At first the possibility of moving to the OS seemed exciting, especially given it's only 4 miles away as the crow flies, but then I visited the place and it hit me full on, it's just not Tottenham.

 

[jimmyb]

Re: O/T West Ham Get Olympic Stadium

I know it's not great but I'd rather walk through Stratford at night than whl. But Stratford will improve.

Maybe I'm jealous as Iive in Chelmsford and my commute to spurs would have been 25 mins as opposed to 1 .5 hours train / 45mins by car.

Well it's not going to hinder west ham is it,? The gate receipts alone will give them more money which means they can buy more players and also the new stadium itself will attract players so I just see it as a huge thing for west ham

Sorry......you're saying that it would take you 25 minutes to get to Stratford but a further hour and 5 minutes to get to Tottenham??????

 

[Spur of the moment]

Re: O/T West Ham Get Olympic Stadium

West Ham's stadium will only cost them an initial £15 million capital investment. And then they'll have to pay £2 million rent per annum; they'll only receive a minority portion of the naming rights income; they'll have to pay a minority portion of catering income to the LLDC; they'll have to share the stadium with a number of other tenants; they'll get no income from concerts etc.

Our stadium will cost £250 million. And we will receive every penny that it generates.

Not to mention that it will be a far better football stadium. And it will be where it's supposed to be - in Tottenham.

Source?

 

[jimmyb]

Re: O/T West Ham Get Olympic Stadium

now that the Spammers have the OS im pretty sure the Arabs are readying a bid.

As already pointed out, West Ham would have to pay LLDC a proportion of whatever they earn from a sale within the next ten years.

The new stadium will certainly help them to grow. But it doesn't make them as attractive as many seem to think. They don't own the stadium. They will never own it. They will never be able to exploit the potential stadium income streams fully.

 

[jimmyb]

Re: O/T West Ham Get Olympic Stadium

Source?

Matthew Collecott mentioned it a couple of times. Said that it would probably cost less than the Emirates (£230 million).

 

[jimmyb]

Re: O/T West Ham Get Olympic Stadium

Where does Financial Fair Play fit into all this? What if Haringay decided to build Spurs a stadium and lease it back to us on similar terms? How would this sort of thing be allowed but the "sugar daddy" private investor approach be impermissable?

FFP excludes infrastructure costs (stadiums, training grounds etc).

 

[PochettinoPochettinoPochettino]

Re: O/T West Ham Get Olympic Stadium

This is it in a nutshell. At first the possibility of moving to the OS seemed exciting, especially given it's only 4 miles away as the crow flies, but then I visited the place and it hit me full on, it's just not Tottenham.

Not a bad thing, have you walked through tottenham?!

 

[jimmyb]

Re: O/T West Ham Get Olympic Stadium

Agreed. The Spammers have just purchased one of the most famous stadiums in the world for £15m and even if they continue to struggle in the Premier League they are inevitably going to get a surge in attendances just from people who want to visit the Olympic Stadium and some of those tourists will become Spammers. Plus some of those thousands of local kids might end up going there regularly as their parents can't afford to take them to WHL and that might be enough to turn them into Spammers.

Sorry to be pedantic, but they aren't purchasing the stadium. They will be tenants.

 

[jimmyb]

Re: O/T West Ham Get Olympic Stadium

Not a bad thing, have you walked through tottenham?!

There is a lot of work going on behind the scenes to transform north Tottenham into a far more attractive area.

Besides, on match days, the area around WHL is perfectly okay.

 

[Spur of the moment]

Re: O/T West Ham Get Olympic Stadium

Not a bad thing, have you walked through tottenham?!

Ha! I've lived there mate. It may be a brickhole but it's OUR brickhole.

 

[Danishfurniturelover]

Re: O/T West Ham Get Olympic Stadium

Matthew Collecott mentioned it a couple of times. Said that it would probably cost less than the Emirates (£230 million).

well put jimmyb, i never understood why people always harped on about the 400m figure for the stadium build, that is the total money involved in the project but it is not the cost of the build, we buy the land and then sell some off to a supermarket, so if we buy that strip of land for 10m and then sell it for 25m the figures would say 35m but infact we earnt 15m on it.

I am not saying this is the exact figures involved with us, i have some experince in construction having been a foreman on sites, a much smaller scale but still the costs for the stadium build can be no where near the 400m figure people have been saying for years, just does not make sense to me.

Am still shocked and disgusted people would even consider moving to stratford we are tottenham for fudges sake.

West Ham or gold and sullivan have done amazing on this, they will sell upton park, then use that money to imrpove the first team, then sell to Qatar or someone. I do not fear west ham. Once we have our stadium we will be able to fight man u, arse and chelsea on their termss, west ham will just be another one, so fudging what. We focus on ourselves we will be alright.

I went on a tour of the the Olympic park before the olympics and was less then impressed. Would have been sad if chelsea had got battersea power station as that is so iconic. But chelsea are fudged because they did not get that or Earls court, i find that quite funny.

 

[Danishfurniturelover]

Re: O/T West Ham Get Olympic Stadium

There is a lot of work going on behind the scenes to transform north Tottenham into a far more attractive area.

Besides, on match days, the area around WHL is perfectly okay.

With all the canals and open space a bit further out i think it could be very nice, just need to get the tube extended, maybe crossrail 2 will help.

 

[Spur of the moment]

Re: O/T West Ham Get Olympic Stadium

There's a lot of hype from the porn traders about how the fans will be closer to the pitch than the Emirates but I wonder if that also applies to the area behind the goals? Either the rake will need to be ridiculously shallow OR it will require a sizable amount of removable seating for that to work.

 

[Bullet]

Re: Northumberland Development Project

The upper tier will stay where it is though. Just like this stadium in aus.

Ha ha that is hilarious - the thugs on the top tier won't be able to throw their seats far enough to hit the thugs in the lower tier - who in turn won't be able to hit Lampard and co. with their coins.

Disastrously far from the action - laughable.

You'd be about as close if you sat in the Aquatics centre.