WHO Poll
Q:



Alan 2:19 Sun Dec 10
Legal agreement to keep Athletics at London Stadium
C&H

Legal agreement to keep Athletics at London Stadium

The IAAF was given a signed legal document from the British government in 2011 guaranteeing the athletics track would be maintained at the former Olympic Stadium regardless of which football club moved in after the 2012 Games. Under the terms of the agreement, it guaranteed that the stadium would remain in public ownership and that athletics is guaranteed at the Stratford venue for 99 years.

The legal agreement was a condition of hosting the 2017 World Athletics Championships which was hosted last summer.

The existence of this contract will come as a blow for those who want Athletics to relocate to Birmingham to reduce the cost of moving the seats each summer. The cost of moving the seats this summer for the World Athletics Championship rose to £11.8m against forecast losses £24m this year.

The mayor has appointed a Chief Restructuring Office called Alan Fort to reorganise stadium owners E20 who are in financial distress. Last week Newham bailed out of the partnership after investing £52.2m after they refused to invest any more funds. They have lost their 35% stake in the stadium and any chance of recovering their £40m loan.

Replies - Newest Posts First (Show In Chronological Order)

J.Riddle 7:44 Sun Dec 10
Re: Legal agreement to keep Athletics at London Stadium
While we're at it Teflon Tony should be strung up with Seb just to even up the Tory Labour thing.

gph 6:33 Sun Dec 10
Re: Legal agreement to keep Athletics at London Stadium
Theo Walcott was frequently accused of being an athlete pretending to be a footballer at one stage in his career.

Just buy him, and shut the other athletics down...

RBshorty 3:15 Sun Dec 10
Re: Legal agreement to keep Athletics at London Stadium
I wouldn’t worry too much. I can imagine several gentlemen from Moscow having a quite word in Lord Coe’s ear at this moment in time. Seb got bigger fish to worry about. Than the SPIVS and the OS.

Sven Roeder 2:53 Sun Dec 10
Re: Legal agreement to keep Athletics at London Stadium
Perhaps the President of the IAAF Mr Sebastian Coe can be arrested as an enemy of the state and be tried for treason.
Either that or we can petition that Coe only arranged for this to be signed to get that position benefiting himself in a corrupt manner while a public official.

My only decision would be as to whether the pay per view execution would take place in Trafalgar Square or at the London Stadium itself.

charleyfarley 2:46 Sun Dec 10
Re: Legal agreement to keep Athletics at London Stadium
Relax Coe is President which means he can be bought

Gavros 2:46 Sun Dec 10
Re: Legal agreement to keep Athletics at London Stadium
Seriously unimportant news.

The lease is a legal document and that's for 50 years. If anyone wants athletics out before that they have to agree with leasees to vacate. Always been the case.

Mike Oxsaw 2:41 Sun Dec 10
Re: Legal agreement to keep Athletics at London Stadium
I'm sure the legal eagles will find a way to make a little part of Birmingham (that just happens to contain a suitable athletics arena), an enclave of E20, and thus uphold the agreement whilst allowing the London Stadium to be restructured - properly this time.





Copyright 2006 WHO.NET | Powered by: