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West Ham Olympic deal collapses

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  • ken, can you check your inbox
    Is that Livingstone????????/
  • I reckon the site would be worth about £50m.

    You'd need at least £5m to demolish, clear and de-contaminate the site before you could even contemplate constructing there.

  • Jeez, this thing has been a carve up in WHU favour from the start hasnt it? Now theyget the taxpayer to develop their ground for them and a lease on the uk's top sporting venue for bobbings annually. They can now sell their ground for development and just pump the procedes into the players, agents, directors pockets. Hardly fair competition is it?
    But they deserve it as a 'gift' from the British/English public for having won The World Cup....surely you don't begrudge them Bournemouth
  • Hearn does not see it as a done deal this is on Sky

     

    Leyton Orient chairman Barry Hearn says the club intend to look at the possibility of renting the Olympic Stadium after West Ham's proposed deal to take over the venue fell through.


    The Olympic Park Legacy Company announced in February that the Hammers were their preferred bidder to move into the £537million East London venue after next summer's Olympic Games.image
    However, legal challenges by Tottenham and Orient, plus an anonymous complaint to the European Commission, have led to fears that court action could drag on for years while the stadium remains empty.
    Lease
    The stadium will now remain in public ownership and be leased out to an anchor tenant following a new tender process by the OPLC.
    Hearn says West Ham's collapsed move is a victory for Orient and has revealed the League One club intend to bid for tenancy of the arena.
    "It puts the whole thing back in the public domain, as it should be," Hearn told Sky Sports News.
    "The system of deliverance was fundamentally flawed and now they've got to go back to the beginning and start again. And we will be an interested party in that bidding process."
    Hearn has not ruled out a potential ground share with East London neighbours West Ham, who will be encouraged to bid again after their initial deal fell through.
    "I am definitely interested in being part of the tender process," added Hearn.
    "If that involves ground share, we'll have to look at the situation and see if it makes sense for everyone. But you have to bear in mind we are a small club.
    "We've got to be creative and we've got to look at every opportunity. There are lots of things we've got to think about and it's got to be done at the appropriate time and with the appropriate timing."
    Prospective tenants will be asked to bid for the 80,000 capacity stadium with the athletics track that circles the pitch still in place.
    Hearn says Orient would have to find a creative way to overcome the issue of the running track if they were to rent the venue, while they would also like to reduce the seating capacity to 25,000.
    Flawed
    "The stadium is fundamentally flawed in its design because of the athletics track, but they've said that's got to stay so we've got to look at ways to make this into an operating business that doesn't drain the public purses," he said.
    "There are ways of looking at perhaps digging down and making sure we can cover the athletics track and make a proper stadium.
    Hearn added: "Perhaps it makes more sense to go back to the original plan of 25,000 seats, which is fine for athletics.
    "In a perfect world I'd like to see Leyton Orientimage in the Olympic Stadium,image in a 25,000 seater stadium, serving and being owned by the community, without thinking about Premiership big-bucks."

     

  • I'd love to see Orient get it on a favourable lease in front of West Ham but I just can't see it. They have been deperate to let WHU have the stadium from the start and it looks like they are going to get it and not even have to pay the full redevelopment costs.

  • I still don't really understand why the stadium need to be allocated to a football team at all. It seems to me that it should be left as an atheltics venue - somehwere where we can also host World and European Championships and that can be used as a centre of excellence with top class facilities for training elite UK athletes. Knock down and sell off the land around Crystal Palace.

    Football is cash rich and has a wealth of top quality facilities. The clubs should be using their own money to find and develop their own stadia, not letting rthe tax payer redevelop a load of land for them and then buy up a stadium on the cheap.

  • Why can't 2 teams rent it and share more of the cost?
  • It would have been a crap footy stadium any way.
  • I still don't really understand why the stadium need to be allocated to a football team at all. It seems to me that it should be left as an atheltics venue - somehwere where we can also host World and European Championships and that can be used as a centre of excellence with top class facilities for training elite UK athletes. Knock down and sell off the land around Crystal Palace.

    How often will those events happen? It has never made sense to have a stadium of that size for athletics. We promised it to win the bid; after the Olympics it will be a white elephant. Tottenham's proposal, which I believe included the redevelopment of Crystal Palace, was a far more sensible one than keeping a track around a football stadium, and an athletics-only venue would be even less sensible.
  • Keep it as an athletics stadium for the diamond league, school nationals, UK athletics championship etc. And let palace move into the old stadium
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  • Keep it as an athletics stadium for the diamond league, school nationals, UK athletics championship etc. And let palace move into the old stadium


    I agree. The stadium should probably be reduce in size a bit, but there sghould be enough uses for it - along with concerts etc, to give as much use as Twickenham or Wembley without the need to host football matches there.

  • edited October 2011
    Just heard the debate on  BBC London tonight with Rizz and the goverment minister. Vague, unconditional warm words?
    This just seems to park the issue in the long grass, and a 500 million investment for a return rent of £5 million per year according to Pierre-Yves Gerbeau seems  unrealistic.  I think the powers controlling this just want to  move on, hold the games , and then deal with it afterwards. The legal consequences seem to have frightened the life out of the participants. 
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