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Apple 5:36 Thu Nov 19
Olympic Stadium Coalition has assessed the releases of the contract

Why cant't they let this go?

The Olympic Stadium Coalition, a coalition of 14 supporters trusts from around the country, are pushing for the details of West Ham United's deal for the Olympic Stadium to be made fully public. Here they update us on the campaign...
The Olympic Stadium Coalition has assessed the most recent releases of the contract between the LLDC and West Ham United. This release is intended to clarify what exactly we now know about the agreement.
Although the London Legacy Development Corporation (LLDC) was ordered to release in full the financial terms of the deal between itself and West Ham United for the hire of the Olympic Stadium on September 15th 2015, they are currently releasing information in dribs and drabs.
They have so far released three further versions of the agreement, all with continued substantial redactions.
Although the LLDC is clearly exercising a right to appeal against the decision of the Information Commissioner (ICO), we continue to contend that the LLDC is simply dragging its feet, and using procedural delays to attempt to ‘time out’ the campaign.
Representing as we do fourteen supporters’ organisations, thousands of members of the public, and with the support of MPs, London AMs and other civil society organisations, we will continue to make the same demands for transparency as we made when we set out on this campaign, because we believe that a fair deal for the taxpayer, is a fair deal for football.
This is what we don’t yet know:
How much the stadium costs to hire
The amount (the ‘Basic Usage Fee), that West Ham United will be paying to use the stadium. We also don’t know the amount by which this fee is reduced in the event of relegation
Why does it matter?
This matters because it is one of the principal ways that the taxpayer will get money back through this deal
How much the stadium maintenance will cost, and who will pay for it
What provision the LLDC has made to fund both ongoing repairs, and the upgrade of facilities which can be demanded by West Ham United, and whether there are any upper-limits on costs.
Why does it matter?
It matters because currently, we know that the taxpayer will be paying for changes required by West Ham United for the purposes of playing football, and not necessarily for the other uses of the stadium. Also who’s to say that after a period of years the stadium won’t need a major upgrade? All this will come at the taxpayers’ expense, whilst every other club has to meet their own costs.
How much each party will earn from stadium naming rights
We do not know what revenue West Ham derive from money paid into a separate ‘Naming Rights Account’, established under the agreement. This will be made up from revenue from the main Stadium sponsor, plus all other ‘lower level’ sponsorships.
Why does this matter?
This matters because it is another of principal ways that the taxpayer will get money back through this deal. It also matters because the potential is there, because it’s the Olympic Stadium and hosts other events during the year, for the naming rights to be greater. With most clubs this sort of information can be gleaned from an entry in their accounts, yet in the case of a publicly owned stadium we aren’t able to know.
What happens to the stadium in the event of financial difficulties at stadium company E20
What happens if E20 becomes insolvent? In such an event West Ham can terminate the agreement. It would appear that the way would be open for West Ham to acquire the Stadium from the Administrator.
Why does this matter?
This matters because at the moment, our reading of the deal says that if the stadium owner, E20, stops being able to trade and needs to be restructured, rescued or wound-up, West Ham United have the right to purchase the stadium – a public asset. Because the responsibility of the administrator during this process is to get the best value for those to whom the company owes money (creditors), the right decision might not be made about a public asset that the taxpayer paid for.
What happens if West Ham United is sold by its current owners
The benefit, if any, that E20 will receive if West Ham United is sold by its shareholders. At the moment all we know is that West Ham United simply have to inform E20 of any change, and confirm that the new owner agrees to take over the rental contract. We believe that this is one of the most important questions for the taxpayer.
Why does this matter?
This matters because part of the value of West Ham United is in the assets it owns – including the stadium it occupies. We think it wrong if the Olympic Stadium ends up being a way of the existing owners to make a tidy profit on the sale of the club in these circumstances, without having properly contributed to its building or upkeep, and without paying over some of that profit.
How much West Ham United earns from matchday catering
How much West Ham earn from matchday catering. It also doesn’t actually demonstrate that West Ham keep 100% of hospitality revenue, even though this exact information was confirmed in the LLDC’s private submission to the European Commission.
Why does this matter?
This matters because other clubs have to provide and manage their own catering outlets (or pay to outsource it), and in this case West Ham United will not have to do this – in a publicly owned stadium.
How many jobs are being ‘created’
TUPE refers to the protection of employees’ rights when the organisation or service they work for transfers to a new employer. As a result claims about job creation made by Karren Brady, which relate directly to the numbers of employees of West Ham United who will retain their jobs under TUPE, cannot be verified.
Why does this matter?
We believe there is no reason to withhold this information. If a publicly built and owned stadium is creating jobs, we should know how many jobs it’s creating.
How much office space is being provided to West Ham United and on what terms
How much retail and office space is given to West Ham. However a separate FOI request to the LLDC has yielded details of the amount of space allocated, and confirmed that the space is allocated on a 24x 365 basis.
Why does this matter?
The issue is the value of this space, and whether it is paid for as part of the usage fee, and if not whether the rental is at actual market rate, or some kind of peppercorn rate.

http://fsf.org.uk/blog/view/Olympic-stadium-latest-LLDC-West-Ham-United?

Gavros 3:45 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

He said that after he'd been knocked back to make it sound like an injustice. It's always been his main aim to get orient out of there so he can profit from its redevelopment.

Arko 3:39 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

I seem to remember Hearn wanted to give all the money from the sale of Brisbane Road to the LLDC, I have no idea though how much that could possibly have been.

Gavros 3:30 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

Hearn's 'offer' was to pay £0 to occupy the stadium and £500,000 when they got into the championship, so about £17 grand a game. Obviously that would have lost money for the LLDC and would by extension have been a case of sate aid so hypocritical in so many ways that he's moaning about us getting the same.

Arko 3:15 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

Also, what would orient hav contributed financially ?
As the coalition is so adamant about the taxpayer and what kind of money is going back to the taxpayers from the usage of the OS, what would they have said about Orient and their ability to contribute financially as a League One club ?

pdbis 3:13 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

This is a fucking joke.No other team had any right to get the stadium as we are staying in the same borough.Clapton Orient screwed themselves by getting into bed with that odious character Levy.

Arko 2:23 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

Thing is, of course it looks like a massive gift to West Ham (which it is in a kind of way as West ham have been lucky enough to be based in the area where the OS was built, hence us being the prime candidate to use it post-games).

Then again it is also about putting the OS to best financial use post-games too. The best deal for the taxpayer is the financially best deal with an anchor concessionaire that exactly does materialise.
A deal that is pie in the sky from the LLDC perspective is no deal if there's no club out there to accept their offer.

It is still the basic crux in this deal that West Ham will benefit compared to clubs who have to built new stadiums at their own costs, and if West Ham had been able to do that, God knows if they could have found a post-game use for the OS at all.

I know it's incredibly hard to swallow for supporters from rival teams. But this is very much a case of being in the right place at the right time and being persistent with it.
It's a rental deal and by all accounts West Ham will have to pay/give up a lot of money if you put it in relation with the number of days they'll be using the stadium...

Helmut Shown 12:40 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

The fact that the most vociferous protester was Barry Hearn who hypocritically did not object to the Tottenham plan to demolish and rebuild, leads me to the conclusion that somebody is throwing money at these protesters as they seem to be using them and the sympathetic press to keep this issue going. It's just putting your finger on who can be behind it all.

Iron2010 12:33 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

64
It's about nothing but the site. They wanted to purchase it to enable the build of Europes largest mosque. A particularly nasty Muslim group saw this as an opportunity to spread their influence.

overbyyer 12:29 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

dicksie3 wrote...

Re: Olympic Stadium Coalition has assessed the releases of the contract
What a bunch of fucking weird, train-spotting, jealous, bespectacled, clipboard-donning, arsewiping, bitter, twisted goons...

Give it up, you fucking sad old fools...

Nobody gives a fuck...

We're moving there - CHARLTON ATHLETIC are a shit club - and that is basically that...

Fucking do one...






Dicksie,

to be fair, if a club like Charlton was getting public money to subsidise moving to a new stadium, to the extent that West Ham appear to be, then we'd all be winging about it.

The fact that its us benefitting from it sometimes clouds this forum from accepting how it looks to everyone else in the UK

1964 12:29 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

Oh yeah I saw that.

Not really the Stadium or the site itself they aimed at more the Olympics occasion itself.

Iron2010 12:18 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

64

http://www.telegraph.co.uk/news/uknews/terrorism-in-the-uk/11968330/77-bombings-were-aimed-at-Olympic-bid.html

1964 12:05 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

Iron2010 11:28 Sat Nov 21

What extreme Muslim opposition to the site?

New one on me.

dicksie3 11:32 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

What a bunch of fucking weird, train-spotting, jealous, bespectacled, clipboard-donning, arsewiping, bitter, twisted goons...

Give it up, you fucking sad old fools...

Nobody gives a fuck...

We're moving there - CHARLTON ATHLETIC are a shit club - and that is basically that...

Fucking do one...

Iron2010 11:28 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

I would imagine the security costs are huge given the extreme Muslim opposition to the site, particularly in the current climate.

Mike Oxsaw 9:28 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

Arko 8:27 Thu Nov 19

I know that, you know that, fuck! Every taxpayer in the UK and his dog probably knows that, as they most certainly do.

I want them to put up some figures that they see as realistic, so we at least have a more solid base from which to debate, otherwise it really will seem their stance - to any observer, with or without an interest - is "Whatever West Ham are paying, it will never, ever be enough."

Arko 12:24 Sat Nov 21
Re: Olympic Stadium Coalition has assessed the releases of the contract

Can't they offer Hunt some kind of job at the House of Parliament ? I'm sure he'd love mingling with politicians on a regular basis.

Or at least give him a regular interview slot on Sky Sports News, maybe a segment where he finds other presumed cases of tax money wasting in Britain.

In a way I cannot wait till the day arrives the details of the deal are finally being released. At that point people may actually begin to realise how much money will actually go back to the taxpayer from West Ham playing there.

It may just end up as one of the few success stories surrounding post-game usage of an Olympic Stadium in the world.
At that point the coalition will look rather silly.

Gavros 9:31 Thu Nov 19
Re: Olympic Stadium Coalition has assessed the releases of the contract

Its still DICK HUNT and his mates. theyve just rolled it up into this fans coalition to give it slightly more credibility.

Arko 9:28 Thu Nov 19
Re: Olympic Stadium Coalition has assessed the releases of the contract

They keep claiming they are still prepared for everything, they sure sound confident.
Truth is that each day brings us nearer to West Ham moving into the OS.

The closer we get the harder it will be for anyone to change any terms of this deal retrospectively.

13 Brentford Rd 9:11 Thu Nov 19
Re: Olympic Stadium Coalition has assessed the releases of the contract

Charlton Life have given up and this new coalition have taken it on as they have more clout and "experienced campaigners"

13 Brentford Rd 9:11 Thu Nov 19
Re: Olympic Stadium Coalition has assessed the releases of the contract

Charlton Life have given up and this new coalition have taken it on as they have more clout and "experienced campaigners"

Arko 9:07 Thu Nov 19
Re: Olympic Stadium Coalition has assessed the releases of the contract

If that tribunal should decide in January that the LLDC are well within their rights to leave certain parts of the deal redacted, will this lead to heads exploding within the Charlton Life community ? LOL

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