Future of Olympic Stadium

I don't understand how they only have to pay £2.5m per year with no running costs - matchday income for the year will be over £20m (conservative estimate). :confused:
 
The deal West Ham have got is ridiculous but as Moses is touching on, there was no alternative to them. Without another realistic option West Ham were able to dictate terms. A stadium of that size could only ever be a football stadium and there was no way it was going to be left empty.

This the problem with Olympics and such is we spend £m's building the stadium without any thought of the future after the games. Not only are we gifting a private business, with a turnover of over £100m, a state of the art stadium, we're paying to convert it for them too.

It sucks but there's nothing that can be done.
 
See, if there were any actual long term plan, West Ham could have invested more in the stadia in the first place.
 
It's easy to make a statement like that but any suggestions how? Without genuine competition to West Ham we were still going to be left in the same position where there was only realistic tennant. Why, if you're West Ham, would you pay up more than you needed to?

Just skimming through the thread, Hinchy made the point 3 years ago - the failure to ensure the stadium wasn't built with football in mind from the outset is the biggest **** up.

The best solution would have been ripping it down and selling the site but nobody wanted that.
 
It's easy to make a statement like that but any suggestions how? Without genuine competition to West Ham we were still going to be left in the same position where there was only realistic tennant. Why, if you're West Ham, would you pay up more than you needed to?

Just skimming through the thread, Hinchy made the point 3 years ago - the failure to ensure the stadium wasn't built with football in mind from the outset is the biggest **** up.

The best solution would have been ripping it down and selling the site but nobody wanted that.

Oh, from West Ham's point of view they have played this well. They've got a stadium that cost what? £600 million to make? almost £300 million to convert, for £15 million and £2.5 a year? It is a great deal for West Ham.
 
I was asking for suggestions as to what could have been done that would have meant West Ham stumping more cash up.

On a seperate note, does anybody know whether the Olympic Stadium will be selling corporate season tickets (similar to Club Wembley) and if so whether West Ham receive any money from this?
 
You don't have to offer a solid suggestion or alternative, for something to be considered a bad move (for everyone except West Ham).

When the plans for Olympics were being put together, there should have been a long term plan, with this stadiums future being considered - it would then have allowed the ground to be built (more so) with a conversion to a football stadium in mind.

If not, personally, I'd have taken it down and sold the land off in an effort to recoup as much money as possible.
 
You suggested if they planned things better then West Ham could have invested more. I was curious as to whether you had any suggestions as I can't see how anything could have changed. Without any competition we could have the best plans in the world and still not got a penny more out of West Ham.

The only decision was to whether the stadium remained or not (and it was clear from the outset that the stadium would remain). As soon as you retain the stadium then a football club was needed and West Ham knew it and knew they had no competition.
 
BEcause half a billion on a stadium used in a one off, then once every 5 years if lucky, is worth less than a stadium that is used weekly, but costs half a billion + 60million... pretty simple maths.
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WHU will be raking in profits from this while paying out tiny amounts in comparison.

I appreciate they shouldnt be forced to pay everything, but to get away with day light robbery like this and put it onto the tax payers is ludecrous in the extreme.

Generating nearly £1m a game (for a full stadium @ £30 a ticket) over what they have now, some of those profits should be used to pay back the conversion costs

At the end of the day the taxpayers should not have to pay for something so that a private company is profitting (massively).
 
West Ham have got a great deal because they're in a great bargaining position. What's the alternative, if West Ham had threatened to walk away if the deal was worse than it is? It's quite simple...

They weren't the only ones who bid to use the Olympic Stadium. There were alternatives.
 
IINM Leyton Orient were the only other bidder and they would have paid £500k.

Leyton Orient were the only other bidding during the second tender process. However, Spurs also put a bid forward under the original tendering process.
 
Do you believe Spurs' interest was anything more than brinksmanship? Your first choice was always remaining where you are but you needed the threat of leaving to get what you wanted.
 
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