New Stadium Details And Discussions

[bigturnip]

I'm not surprised. I can't remember if I posted it in this thread or one of the others, but if I were a Newham resident I'd be close to going postal. They've had about £75m chopped from their budget, not quite as much as Haringey but still a hell of a lot, and borrowing almost half of that to lend to a football club that's already over £100m in debt and running at a stonking loss seems insane.

But with a completely Labour council it will be passed unanimously. And that's good news. :clap:

 

[bigturnip]

A very interesting piece, thanks for posting Chris.

May have answered one of BT's questions too. He has rightly been peeved that fans haven't been provided with any details of the financials of the proposed move and so been forced to take on trust what the board say, but as suspected the report Chris posted suggests that the club will have signed an NDA with OPLC,

""A confidentiality agreement has been signed with the Olympic Park Legacy Company. Councillors will have an opportunity to see information before the meeting."

Though why the club couldn't have at least announced that (if it is the case) is beyond me.

A confidentiality agreement regarding the loan?

 

[ohwhenthespurs]

Does this potentially shit in the biscuit tin?

From PA:
1 SOCCER Palace
PALACE UNVEIL STADIUM PLAN
Crystal Palace today unveiled their plans to move to a new 40,000-seater ground which could scupper Tottenham‘s bid to move to the Olympic stadium.
Eagles co-chairman Steve Parish wants to sell Selhurst Park and take the npower Championship club back ‘home‘ to the National Sports Centre at Crystal Palace.
However, Spurs plan to redevelop the NSC as an athletics stadium as part of their proposals to move to Stratford as they do not intend to keep the running track at the Olympic Stadium.
Bidding rivals West Ham, who plan to keep the track, could therefore now have a free run at the stadium.
Ed Warner, chairman of UK Athletics, said: "On the proviso that the Olympics stadium retains its athletics track and any redevelopment of Crystal Palace maintains a community athletics facility on or nearby the park, we would be supportive of the plans of Crystal Palace."
A decision on the final bid for the Olympic stadium is expected at the end of next week.
end

 

[sloth]

A confidentiality agreement regarding the loan?

The reason the councillors can't see the details of the loan between Newham and West Ham FC is because it forms part of the bigger proposal they're jointly making to the OPLC to take over the Olympic Stadium for which an NDA has been signed.

 

[sloth]

Does this potentially shit in the biscuit tin?

From PA:
1 SOCCER Palace
PALACE UNVEIL STADIUM PLAN
Crystal Palace today unveiled their plans to move to a new 40,000-seater ground which could scupper Tottenham‘s bid to move to the Olympic stadium.
Eagles co-chairman Steve Parish wants to sell Selhurst Park and take the npower Championship club back ‘home‘ to the National Sports Centre at Crystal Palace.
However, Spurs plan to redevelop the NSC as an athletics stadium as part of their proposals to move to Stratford as they do not intend to keep the running track at the Olympic Stadium.
Bidding rivals West Ham, who plan to keep the track, could therefore now have a free run at the stadium.
Ed Warner, chairman of UK Athletics, said: "On the proviso that the Olympics stadium retains its athletics track and any redevelopment of Crystal Palace maintains a community athletics facility on or nearby the park, we would be supportive of the plans of Crystal Palace."
A decision on the final bid for the Olympic stadium is expected at the end of next week.
end

Doubt it, the LDA are the current land-lords of Crystal Palace, the head of which is Boris Johnson, the same man who will ultimately decide on the OS. If he goes for us at the OS then he'll go for us at CP.

 

[Mr-T]

But potentially us staying put in our current capcaity stadium and West Ham having a 60,000 capcaity stadium just down the road. We may laught but they may start raking in money money than we do.

The point is if wet spam win and we stay where we are then hopefully the NDP will proceed. Plus there is no way on earth the spam will fill 60,000 especially in the chumpionshit.

 

[Hoowl]

The point is if wet spam win and we stay where we are then hopefully the NDP will proceed. Plus there is no way on earth the spam will fill 60,000 especially in the chumpionshit.

'hopefully'.

 

[bigturnip]

A pretty damning article about the views of the chairman of the IAAF:

http://news.bbc.co.uk/sport1/hi/olympic_games/london_2012/9367733.stm

 

[worcestersauce]

I posted information given to me on Monday but held back on some other but these: I understood that the:-
1,
Crucial documents explaining the bid in detail being withheld from councillors until shortly before the vote.

Were not being witheld by the council but by the auditors doing the due diligence.
2,
No explanation as to whether the council would be liable for the debt if relegation-threatened West Ham defaulted.
This as I posted is whet they are investigating, without the explanation and confirmation there will be no bid.

A "significant number" of councillors holding reservations - but refusing to speak openly because they are allegedly "afraid" of missing out on lucrative positions.
I know that this is not the case across the council I know there are councilors who are not afraid of speaking out it's just that the council meeting is the place to do it at this time.

Mayor of Newham Sir Robin Wales declaring dozens of gifts from West Ham, with critics saying his impartiality has been compromised.
This is a little unfair, the Mayor is a season ticket holder and is scrupilously honest about declaring gifts and so shouldn't really be condemned for doing it, had he not done so then that would be wrong.

All 60 councillors in Newham are Labour Party representatives.
Not sure of the relevance of this?

One serving councillor, speaking on condition of anonymity, said: "A significant number of councillors have reservations.
No doubt this is true I would fully accept it to be so

All of which backs up the information I posted that there is no West Ham bid and there is unlikely to be.

A very interesting piece, thanks for posting Chris.

May have answered one of BT's questions too. He has rightly been peeved that fans haven't been provided with any details of the financials of the proposed move and so been forced to take on trust what the board say, but as suspected the report Chris posted suggests that the club will have signed an NDA with OPLC,

""A confidentiality agreement has been signed with the Olympic Park Legacy Company. Councillors will have an opportunity to see information before the meeting."

Though why the club couldn't have at least announced that (if it is the case) is beyond me.

I posted this confidentiality as the reason months ago.

But with a completely Labour council it will be passed unanimously. And that's good news. :clap:

Don't count your chickens on that bigturnip


As I posted on Monday, there is at the present time only one bid and that is ours, West Ham will have to give up practically all financial autonomy to the council in order to get this done so I'm not sure they will agree to Newhams terms even if the vote is in favour of making a bid.

 

[worcestersauce]

A pretty damning article about the views of the chairman of the IAAF:

http://news.bbc.co.uk/sport1/hi/olympic_games/london_2012/9367733.stm

I like his line:-
And Diack, a member of the International Olympic Committee, suggested that "if the athletics track was scrapped Britain's chances of hosting future events would be severely compromised".

Gutted!!!

 

[jimmyn16]

Doubt it, the LDA are the current land-lords of Crystal Palace, the head of which is Boris Johnson, the same man who will ultimately decide on the OS. If he goes for us at the OS then he'll go for us at CP.

It won't go through on the nod from Boris or anyone else. A planning application will have to go to the local authority, the London Borough of Bromley, which has already welcomed both the THFC plan and the one from CPFC.

Other possible problems? The National Sports Centre is a listed building, so we have English Heritage involved again. And in the past, local residents have opposed plans to enlarge the athletics arena because of the disruption that larger crowds would bring to the area. That doesn't bode well for either project.

 

[Raxscallion]

A pretty damning article about the views of the chairman of the IAAF:

http://news.bbc.co.uk/sport1/hi/olympic_games/london_2012/9367733.stm

My favourite bit:

"They'll have made a big lie during their presentation," International Athletics Association Federation chief Lamine Diack told BBC Sport.
"There will be no credibility... of a great country like Britain."

:rofl: :rofl: :rofl: :rofl:

PMSL. Where's he been for the last 20 or so years? :rofl:

 

[kishman]

Haha, the BBC have been reading SpursCommunity.

http://news.bbc.co.uk/sport1/hi/olympic_games/london_2012/9368767.stm

"Our history doesn't disappear because we move stadium," wrote MJBSpur on spurscommunity.co.uk. "Do your fond memories of childhood no longer exist once you move out? It's called progression and personally I'd take that ahead of sentimentality any day.
"Besides history is all relative. We are creating it every day and if we move stadium it just becomes another chapter in our club's history. It doesn't erase the past or mean that we can no longer be proud of past achievements."

 

[chrissivad]

well done MJBSpur :lol:

 

[bigturnip]

The cost of the club's plan to demolish two-thirds of the existing Olympic stadium and rebuild it as a dedicated 60,000-seat football ground has been estimated at £250m, £200m less than the projected cost of the new stadium at White Hart Lane.

I notice the BBC are using wrong figures, it's just lazy journalism.

 

[MattyP]

I notice the BBC are using wrong figures, it's just lazy journalism.

I'm afraid that's the norm these days - even the FT article on the OS last week stated that the Spurs bid was financially more attractive to OPLC because we had billionaire Joe Lewis as our chairman, which Gold & Sullivan can't compete with as mere millionaires, despite the fact that Joe Lewis hasn't pumped any of his personal fortune into our club.

 

[worcestersauce]

A little bird just flew past me whistling a little tune that went something like this:-
It seems (as I previously understood) that there is no West Ham bid there is a Newham bid and it appears that Newham will own half the stadium with West Ham but Newham take first dibs on the money, other events at the stadium are seperate from West Ham so Newham get a share of the money and Essex County Cricket club can get to play there and Newham get a share of the money and West Ham will have to accept it almost as sort of tenants.
The little bird was probably just speculating but no doubt we'll all find out soon enough.
If true it's quite a romantic bid and may be some tough opposition for our bid.

 

[sherbornespurs]

This is the same (Labour) council that's just spent £10,000 on 5 chandeliers for their Town Hall while faced with cuts in their budget of £75m over 4 years.

Taking the lead in sporting ventures, for which they have no expertise, when they should be concentrating on keeping the streets safe and emptying bins, is just plain ridiculous.

The Tories will do everything in their power to prevent this happening.

 

[SpurSince57]

This is the same (Labour) council that's just spent £10,000 on 5 chandeliers for their Town Hall while faced with cuts in their budget of £75m over 4 years.

Taking the lead in sporting ventures, for which they have no expertise, when they should be concentrating on keeping the streets safe and emptying bins, is just plain ridiculous.

The Tories will do everything in their power to prevent this happening.

Could you actually put this expenditure in context?

You're living well over 100 miles away. With all due respect, that means you have little or no idea of what's going on in boroughs like Haringey and Newham. I wouldn't presume to comment on how things are done in Dorset; do us the same courtesy.

 

[MattyP]

http://www.telegraph.co.uk/sport/others ... plans.html

In his statement, Diack said: “The crux of the stadium debate for the IAAF focuses on the commitment given by the London bid committee in Singapore in 2005 to the International Olympic Committee (IOC), which has many members from the sport of athletics, to retain a sustainable athletics legacy after the London Games.
.
“This promise was not a footnote of London’s bid: it was a core policy of their presentation to convince the Olympic family of their exciting, viable legacy plans.

“It offered a vision of year-round health and fitness opportunities for the local community and a venue to stage national and major international athletics competitions ranging from meetings like the Samsung Diamond League to Area and World Championships."

Questionable that our proposals achieve that.

£40m loan to West Ham for their bid has been approved

http://www.bbc.co.uk/news/uk-england-london-12242831

And apologies if posted before

http://www.bbc.co.uk/blogs/davidbond/2011/01/athletics_chief_expresses_conc.html