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  1. #41
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    West Ham United delivered a final "take it or leave it" offer to the London Legacy Development Corporation on Friday as the long running saga over the future of the Olympic Stadium enters its end game.

    The LLDC insists that it is determined to come to a decision by the end of the year and West Ham's latest offer, understood to improve substantially on the £10m upfront contribution to the £160m conversion costs previously tabled, is designed to force the issue.



    David Gold to consider safe standing for West Ham United at Olympic Stadium.


    Click here to watch the video on YouTube.

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    Pffft.
    Quote Originally Posted by SKENGMAN MODE View Post
    your not real life... just something of the internet

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    Quote Originally Posted by The Messiah View Post
    Pffft.
    thoughts?


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    Quote Originally Posted by BIGDON View Post
    thoughts?

    About the safe standing - agree needs to be thought about at least.

    Regarding West Ham's take it or leave it offer - they aren't in a position to be making such ultimatums. The fact that they raised their offer is contradictory to the stance they want to take. They can't tell LLDC to fuck off because they are desperate for the stadium.
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    The view from the top seats in the Olympic stadium isn't great for football IMO, probably better watching from home. Will negate a whole bunch of seats.

    Also there's 2017 World Championships in London.
    Last edited by Boris Bowser; 20th November '12 at 08:00 AM.

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    Quote Originally Posted by The Messiah View Post
    Regarding West Ham's take it or leave it offer - they aren't in a position to be making such ultimatums. The fact that they raised their offer is contradictory to the stance they want to take. They can't tell LLDC to fuck off because they are desperate for the stadium.
    we can when we have the best bid for the stadium and u know they dont want to reopen it untill 2015 at he earliest? http://www.bbc.co.uk/sport/0/olympics/20236852

    what good will that do for anyone? what a waste of money the whole situation has become a mess and needs to be sorted quickly and not just for our sake

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    West Ham United are extremely pleased to be announced as the Highest-Ranked Bidder to be the anchor concessionaire of the Olympic Stadium - a decision that guarantees a true and lasting legacy for east London and is the best possible outcome for the British taxpayer.

    West Ham United statement

    http://www.whufc.com/articles/201212...236884_3001026

    A message to West Ham United supporters from Vice-Chairman Karren Brady

    http://www.whufc.com/articles/201212...236884_3000990

    I think this article has the best summary on the benefits of a move

    http://www.telegraph.co.uk/sport/foo...st-London.html

    Will the athletics track have to go?
    Not if the next generation of Mo Farahs and company are going to have something to run on in five years’ time. The stadium will host the 2017 World Athletics Championships after Lord Coe’s persuasive powers proved instrumental in bringing yet another major sporting event to London following the best Olympic Games in history.

    How will the seating work in such a large venue?
    Here’s where the money starts mounting up. A key part of West Ham’s bid is to retain the running track but they do not want fans match-day experience to suffer. The plan is to install retractable seating to slide over the running track to ensure Hammers’ fans continue to get a close up view of their club’s renaissance.

    Will the venue get a roof?
    Mercifully the weather held out for those magical nights in August but the stadium was originally conceived as a summer venue. Another chunk of cash has been earmarked to extend the venue’s circular roof to protect West Ham fans from the unpredictable elements.

    How much is all this going to cost?
    Converting the iconic venue to one which fits the bill for the Barclays Premier League, and one which can also cater for athletics and pop concerts, won’t come cheap. Estimates for the work range between £130million up to £200m and it is worth remembering the stadium cost £429m to put up in the first place.

    So who is going to cough up?
    Well, West Ham are willing to part with £15m towards the conversion plus £9million annually in rent and cash from commercial proceeds. Fellow tenants, Newham Council, are in for between £40m and £60m while the Treasury has reached into its pockets for another £38million. Some shortfall estimates for the work range between £15 and £20m although West Ham argue that the cost of the conversion is covered with the cash already on the table.

    This is starting to sound like a cracking deal for West Ham - are they getting a 60,000 stadium for a knockdown price?
    There is little doubt that moving home would do wonders financially for a club currently around £80 million in debt and turning over around £80 million a year, provided they can maintain their top flight status. Do so and the match day revenue generated by the move to Stratford will dwarf the £18m they pull in annually at Upton Park. David Gold and David Sullivan shelled out in the region of £50m to buy a 50% controlling stake in West Ham in January 2010 and a Premier League club with an iconic, state of the art home could certainly be an attractive proposition for outside investors. But one of the caveats of West Ham’s lease is expected to be that they share a slice of the profits with taxpayers if Gold and Sullivan eventually decide to cash in.

    So off to the New Boleyn Ground we go then?
    Romantic though that sounds, there is little prospect that West Ham will not attempt to sell the naming rights to their new ground. Manchester City get an estimated £400m from Etihad to have the airline’s name emblazoned on what was the City of Manchester Stadium, constructed for the 2006 Commonwealth Games. And while West Ham are unlikely to strike a deal of that magnitude, the potential naming rights cash would be too tempting to turn down especially if it covered the £9m-a-year they are paying their landlords.

    And what happens to West Ham’s old Green Street home?
    Flattened is the overwhelming expectation. A 99-year lease on their new arena means the beige towers built from the proceeds of the £18m sale of Rio Ferdinand to Leeds will slip into memory. Potential buyers are already circling with community houses, flats and a supermarket the likely uses for the site.

    When will West Ham move in?

    Prior to the last bidding process collapsing in May, the club reckoned they could be out of their present home by the summer of 2014. But as a result of the delays in reaching a decision about the fate of the Olympic Stadium West Ham will need to extend that until at least the start of the2015/16 season. Many feel that timescale errs on the optimistic side as the necessary construction work may take until the summer of 2016 to be finished.

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    Quote Originally Posted by BIGDON View Post
    So who is going to cough up?
    Well, West Ham are willing to part with £15m towards the conversion plus £9million annually in rent and cash from commercial proceeds. Fellow tenants, Newham Council, are in for between £40m and £60m while the Treasury has reached into its pockets for another £38million. Some shortfall estimates for the work range between £15 and £20m although West Ham argue that the cost of the conversion is covered with the cash already on the table.
    Disgusting.

    Don't see why the treasury or Newham should pay a penny.
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    Quote Originally Posted by The Messiah View Post
    Disgusting.

    Don't see why the treasury or Newham should pay a penny.
    Quote Originally Posted by BIGDON View Post
    West Ham argue that the cost of the conversion is covered with the cash already on the table.
    we will still be paying in nearly double the amount that Man City did for the Eithad which is only used for football where as the Olympic Stadium will also serve athletics and other community events so i dont see a problem neither do Newham council plus all the naming rights/jobs etc

  10. #50
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    AMF

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    Good luck to West Ham with it all tbh
    Quote Originally Posted by Jack 1017 View Post
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    Quote Originally Posted by Hij View Post
    Good luck to West Ham with it all tbh
    .

    doubt they will fill the stadium though, pls confirm the approx. fanbase size of WHU @BIGDON
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    Quote Originally Posted by The Messiah View Post
    Disgusting.

    Don't see why the treasury or Newham should pay a penny.
    .

    Especially when people are getting moved out of London because of a lack of affordable council housing.

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    Quote Originally Posted by Danielson View Post
    pls confirm the approx. fanbase size of WHU @BIGDON
    not sure u could ever accurately predict that tbh in the statement we made it did say we have 500,000 supporters in East London and Essex alone and David Gold said we could have taken 70k to the play-off final and sold them easily thats obviously maxed out for a event like a Wembley final but sounds about right to me in terms of current base of potential attendees to the stadium

    Quote Originally Posted by quality View Post
    Especially when people are getting moved out of London because of a lack of affordable council housing.
    first that has nothing to do with the loan or us getting the stadium the Newham money is a loan for capital investment purposes which wont be coming from the taxpayers and is not used to pay for services the obvious hope is to make profit from investing in the stadium which can also be used for communuity purposes and a long term benefits to the area so its right for us not to cover the entire conversion costs

    as for the LLDC they have the money in the pot already to spend upfront to make the stadium suitable and financially viable for a tenant so its not a white elephant and not putting anything back in the taxpayers pockets

    Karren >>>

    http://www.independent.co.uk/news/pe...m-2034860.html

    http://www.thesun.co.uk/sol/homepage...-West-Ham.html

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    Quote Originally Posted by BIGDON View Post
    not sure u could ever accurately predict that tbh in the statement we made it did say we have 500,000 supporters in East London and Essex alone and David Gold said we could have taken 70k to the play-off final and sold them easily thats obviously maxed out for a event like a Wembley final but sounds about right to me in terms of current base of potential attendees to the stadium
    I know it's hard to predict but that's the sort of thing I was looking for.

    If true and you can even get 60k to every game, then fair play.
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    Quote Originally Posted by Danielson View Post
    If true and you can even get 60k to every game


    West Ham couldn't get 60k if the ghost of Bobby Moore was doing a half time show.

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    Quote Originally Posted by quality View Post


    West Ham couldn't get 60k if the ghost of Bobby Moore was doing a half time show.
    .

    For a home game against Southampton they'd get about 40K.

    Judge a fan base on the numbers at the shit unimportant games rather than the big games. Arsenal could fill he Nou Camp twice for a Champions League final but that doesn't mean the Emirates should have a 200,000 capacity does it?
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    Will be laff in Championship.

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    @BIGDON would you be at all bothered if you ended up ground sharing with leyton?

    I just think you moving so close to them (i believe the figure is that the olympic stadium is 750ft from leytons ground ) would effectively kill the future of the club and it would be a shame IMO
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    Quote Originally Posted by The Messiah View Post
    .

    For a home game against Southampton they'd get about 40K.

    Judge a fan base on the numbers at the shit unimportant games rather than the big games. Arsenal could fill he Nou Camp twice for a Champions League final but that doesn't mean the Emirates should have a 200,000 capacity does it?
    based on what? none of us can accurately predict what sort of gates we can expect to get at the Olympic stadium until we know what the plans for it are and the pricing structure all i know is we had 31k as an average attendance in the Championship and this season we have sold out every home game with the numbers being different because of the away support of each team

    Quote Originally Posted by quality View Post
    Will be laff in Championship.
    lol that the best u got now u cant go on about the finances? Tottenham wanted the stadium as well remember so it cant be that much of a joke

    Quote Originally Posted by Makepeace View Post
    @BIGDON would you be at all bothered if you ended up ground sharing with leyton?

    I just think you moving so close to them (i believe the figure is that the olympic stadium is 750ft from leytons ground ) would effectively kill the future of the club and it would be a shame IMO
    it wont happen and why should it? unless Leyton can pay half the leasing fees and i suspect Barry Hearn is telling fibs he wouldnt want to be moving even closer to us by sharing the stadium as that would be his main fear about us stealing all their fans but he was all for it when Tottenham wanted to move in

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