Hermit Road
5:20 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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Politicians often make for terrible businessmen, which is why politicians should have as little to do with business as possible.
Want to fuck up an economy, then give politicians more control over it.
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Bishopsfinger
4:33 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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This is all leading to have a reason to sell the stadium sooner. The lack of investment for G&S and selling of assets are leading to the sale of the club. Both sides are getting their ducks in a row to sell. One to save money on a white elephant and the other to buy the stadium and sell the club sooner than originally planned.
Well that’s my rose tinted perspective anyway.
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Lily Hammer
4:32 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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I think Khan is now blaming the legal firm so that they will blame Boris. That’s all he can do to wash his hands of any blame at what is a colossal waste of money.
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Full Claret Jacket
4:09 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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If anyone is bored and wants to see a report on the utter morons that burn our money, this report has some of the detail and timeline. Given that we have never been given the retractable seating then maybe we should get a rebate.
For a lot of us this was something we didn't want anyway so to be 'blamed' for their lack of scrutiny and business sense is laughable.
https://www.london.gov.uk/sites/default/files/olympic-stadium-review.pdf
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arsegrapes
4:07 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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on present figures be likely to worsen year by year at the rate of some £10m to £20m per year
Khan passing the blame, it was Boris now lawyers. Getting ready to sell on cheap. G&S getting ready to take it off their hands cheap and flip it.
Seb Coe's Athletics legacy? Perhaps Sullivan can throw in a deal to transfer Athletics to Walthamstow dogs?
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Sniper
3:57 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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Maybe they should have thought about having a plan for what to do with the stadium after the olympics when they built the fucking thing??
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Full Claret Jacket
3:52 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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I'm not clear why they think what we pay should cover the cost of running it for the whole year. They are responsible for naming rights and holding other events and guess what - they are shit at it, athletics gets a free pass and costs absolute fortunes in conversion and event management and they expect us to be plugging the gap for the few days we use it.
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Mex Martillo
3:46 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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The biggest waste of tax payers money is London Legacy Development Corporation (LLDC) and E20 Stadium LLP taking people to court and losing.
Is there someone at London Legacy Development Corporation (LLDC) and E20 Stadium LLP making a big wedge from these court cases?
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Kaiser Zoso
3:15 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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This must be up there with Gina Miller for unintended consequences.
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Sven Roeder
3:01 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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There is probably one way to avoid ongoing legal disputes over the agreement
Read the fucker & realise you have been done like a kipper so go ahead and do what they are asked.
As I understand it they’ve tried to weasel out of certain requests and have been told to fuck off and read what you signed.
This is what happens when civil servants pretend to know their arse from their elbow in business matters
Unlucky
So just shut up and work on handing the ground over for a PEPPERCORN
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oioi
3:00 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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SurfaceAgentX2Zero 2:20 Tue Oct 6
Exact.
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El Scorchio
2:52 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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Mike Oxsaw 2:48
Sounds about right to be honest. People who have no clue or expertise into what actually needs to happen for anything to be viable. Huge cock up though and they only have themselves to blame for tying themselves into a shit deal. The cheek of trying to shift the blame is something else though....
The idiots should have just sold it to us. As I recall they were happy to sell off most of the rest of the land to foreign investors for somewhat under market value.
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El Scorchio
2:49 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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Pickle Rick 2:41
Pretty much, yes! A combination of snobbery and hubris between Coe, the LLDC and whoever the sports minister at the time was, to eschew the idea of football in the stadium or of getting rid of it after the games for redevelopment, when realistically a football team as a tenant (us at 60,000 or Orient at 25,000) was the only way to keep it standing and not turning into a big empty pile of rust and weeds.
I think they'd sold the games as one with legacy so they tied themselves into keeping it, but their stupid plan was as a 25,000 seater athletics only stadium or nothing.
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Mike Oxsaw
2:48 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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El Scorchio 2:34 Tue Oct 6
In most cases like this, all the work will be delegated to junior civil servants - many fresh out of university, with the department heads saying stuff like "Don't bring me your problems, bring me your solutions" or "Just get it done by (some arbitrary deadline)": the sort of thing they expect proper managers in the real world to be saying.
In the main, these senior civil servants are just rubber-stampers who love a good meeting or six - at a (foreign) 5-star hotel if possible. They have no actual clue what goes on in their departments, just happy that "it" gets done.
The government/tax-payers were always going to lose on the stadium deal.
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Pickle Rick
2:41 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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El Scorchio 2:34 Tue Oct 6
Wasn't the not wanting West Ham's input all down to the desire to keep the stadium an athletics stadium due to the misguided thought that people would give a s**t about athletics after 2012?
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El Scorchio
2:34 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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Isn't business rule 101 to check what you're signing or agreeing to isn't detrimental to you before you sign it?
Who else's fault other than theirs if they didn't do due diligence at the time and refuse or ask for changes before willingly entering into a contract? This just sounds like 'we fucked up but don't want to look like idiots'.
As mentioned below as well. If they'd not been so arrogant as to not welcome West Ham's input in the first place, most of this mess could have been totally avoided.
However if it all adds up to a stadium sale or a redrawing of the agreement and gets the owners to sell quicker then good.
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Lily Hammer
2:22 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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Something will have to give. There is simply no way the mayor can justify blowing so much taxpayer money year in year out. Khan was hoping to find some kind of loophole, but this latest news clearly shows that this is one bit of work Brady did well, namely pegging the government while they were bent over a barrel.
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SurfaceAgentX2Zero
2:20 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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In a way this is nothing to do with us. We offered to buy the stadium for a fair price and were turned down - probably in order to preserve the jobs of those at LLDC/E20. There were no better offers than ours and Tottenham and Orient objected to it anyway.
Peace appears to have broken out between ourselves and the landlords who are now desperately trying recoup some cash from another source. As sitting tennants, we'll end up getting it for a quid. I don't really care if that does benefit G&S, in the long-term it will benefit the club, whoever owns it.
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Pickle Rick
2:16 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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Lily Hammer 2:13 Tue Oct 6
I used to be a CS (not contract negotiations) so were around during the times when they were handing out 30 year contracts. In IT they were handing out 7 year contracts but as the years have gone on they have got a little better and now only hand out 3 year contracts to outsource providers, in IT at least.
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Lily Hammer
2:13 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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Pickle Rick
That's just what I was thinking and trying to suggest.
Shit is going down.
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Lily Hammer
2:12 Tue Oct 6
Re: London Stadium owners sue law firm over West Ham's 99-year lease
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Jim79
I can only guess that this is all to publicly shift blame for the bad taxpayer deal onto the law firm, not to get money out of them, but to soften the political blow of selling, (or practically giving away), the stadium.
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