West Ham Olympic Bid Collapses

[LukaMotion]

I wonder if this will make Daniel look into the possibility of leasing the Stadium for a couple of seasons whilst we build the new WHL instead of the whole build a bit, knock a bit down, build a bit more strategy?

I would have thought it would be cheaper to do it all in one go rather than have to fit all construction/demolition works around a football calender that changes all the time, and has the potential to disrupt building works.

2 uninterrupted years for example would give enough time to totally demolish WHL, build the new stadium and surrounding buildings and we would still be playing in a 60,000 seater for those two seasons, easily offsetting the cost of leasing the stadium for two years.

It would also, from the OPLC's point of view, give the spammers two years to potentially rise to being a stable premier league team again, and make them more viable as the long term tenants, as i'm sure they would have at least some reservations about giving the stadium to a championship club.

Daniel may see it as, albeit an unpleasant, but a good option to have, two seasons suffering the running track to save a lot of money on the build and the chance to instantly have a 60,000 seater stadium.

I just want to say, i'm not advocating this move, would prefer to stay at WHL and do it that way, but daniel may see it with a business head on.

 

[whitelightwhiteheat]

I wouldn't be against that idea LukaMotion. The idea of using the stadium short term while we build the NDP stadium, that would be fine by me, if it makes sense to the club to do so.

Long term though, we don't want to be a tenant. We want our own stadium, in Tottenham ideally.

COYS!

 

[SpurSince57]

I wonder if this will make Daniel look into the possibility of leasing the Stadium for a couple of seasons whilst we build the new WHL instead of the whole build a bit, knock a bit down, build a bit more strategy?

I think you're moving into the realms of fantasy here.

 

[StanSpur]

Believe that whoever becomes tennant will have to pay the running costs aswell as rent.

This.

I don't believe it would be rented at a loss, i see WHU having to pay £2m to the govt and £5m running costs (whilst getting a cut of any of the athletics events held there). IF they fill the stadium at 40-50,000 capacity, they would earn in the region of £1.5m per home game. That is probably halved through other costs (police, staff, catering etc etc)so lets say £750k per game with 20 home games in a season that is £15m per season on gates alone - the 7 and they are putting £8m+ into their accounts year on year. Using that logic it makes reasonable sense, you'd have to question selling their current ground for property development and then entering a rental contract as they could be left in 10 years homeless and having squandered all their money - one can hope!

 

[StanSpur]

I wonder if this will make Daniel look into the possibility of leasing the Stadium for a couple of seasons whilst we build the new WHL instead of the whole build a bit, knock a bit down, build a bit more strategy?

I would have thought it would be cheaper to do it all in one go rather than have to fit all construction/demolition works around a football calender that changes all the time, and has the potential to disrupt building works.

2 uninterrupted years for example would give enough time to totally demolish WHL, build the new stadium and surrounding buildings and we would still be playing in a 60,000 seater for those two seasons, easily offsetting the cost of leasing the stadium for two years.

It would also, from the OPLC's point of view, give the spammers two years to potentially rise to being a stable premier league team again, and make them more viable as the long term tenants, as i'm sure they would have at least some reservations about giving the stadium to a championship club.

Daniel may see it as, albeit an unpleasant, but a good option to have, two seasons suffering the running track to save a lot of money on the build and the chance to instantly have a 60,000 seater stadium.

I just want to say, i'm not advocating this move, would prefer to stay at WHL and do it that way, but daniel may see it with a business head on.

I'd rather rent wembley!

 

[brasil_spur]

This.

I don't believe it would be rented at a loss, i see WHU having to pay £2m to the govt and £5m running costs (whilst getting a cut of any of the athletics events held there). IF they fill the stadium at 40-50,000 capacity, they would earn in the region of £1.5m per home game. That is probably halved through other costs (police, staff, catering etc etc)so lets say £750k per game with 20 home games in a season that is £15m per season on gates alone - the 7 and they are putting £8m+ into their accounts year on year. Using that logic it makes reasonable sense, you'd have to question selling their current ground for property development and then entering a rental contract as they could be left in 10 years homeless and having squandered all their money - one can hope!

I think £1.5m gate receipts per game is optomistic though. They were selling kids tickets off at £10 last season, but then there is revenue through food and beverage sales and potentially a few friendlies and cup games, so overall i would say your numbers kinda stack up.

 

[LukaMotion]

I think you're moving into the realms of fantasy here.

I admit it is only speculative trail of thought, and you seem to have a pretty firm grasp on what's going on with the stadium project, certainly much more than i do, but can you explain why its fantasy?

If the OPLC has decided it no longer wants to give the stadium away and will seek a tenant instead, surely that changes everything and there are totally new options open now that were not before?

Not having a go, just interested to see why its so unfeasible?

 

[JerryGarcia]

From KUMB...

Seriously,when i heard the news,i had to check the calender that it was f*cking April fools?

So whats the score in the past 3 or 4 years in 'Sp*rs f*cking West Ham in every way possible from stadium,to transfer targets'? 8-0? Yeh,least we sold them our best player for 5m.

I've never felt so much f*cking pure hatred towards a *****hole club in them f*cks in North London.People are assuming that we 'can rent'.Very good chance that if Boris Johnson is not helping them f*ckers with their stadium THEN SPURS WILL RENT THE OLYMPIC STADIUM NOT WEST HAM.Exactly what we wanted to avoid SP*RS IN EAST LONDON.

Levy has f*cked us as hard as you possible can..and WON AGAIN.

I am so f*cking angry right now.

Need to log off now.

:violin:

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

 

[Wellspurs]

Seems to me that the crux of all our legal diputes involved being conned into bidding when there were two intractible "red lines" for each party ie
Spurs would not want the stadium WITH a running track. Where as.
Governing bodies would not allow anyone to have the OS WITHOUT a running track.

Wonder what the porn brothers really think about the latest moves?

 

[Real_madyidd]

I wonder if this will make Daniel look into the possibility of leasing the Stadium for a couple of seasons whilst we build the new WHL instead of the whole build a bit, knock a bit down, build a bit more strategy? .

Either you have misunderstood tha plan or I have. I thought we would biuld 3/4 of the new stadium next door whilst using the whole of WHL. We would then move in and complete one end. This would mean that we play in 3/4 of a 56000 (42000) for one year.

Am I wrong?

 

[ethanedwards]

From KUMB...



:violin:

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

Well they have the consolation of watching attractive football. Oops forgot fat Sam was there.:rofl:

 

[JerryGarcia]

Well they have the consolation of watching attractive football. Oops forgot fat Sam was there.:rofl:

It's only a matter of time before he's replaced by Ian Dowie, let the good times roll!

 

[LukaMotion]

Either you have misunderstood tha plan or I have. I thought we would biuld 3/4 of the new stadium next door whilst using the whole of WHL. We would then move in and complete one end. This would mean that we play in 3/4 of a 56000 (42000) for one year.

Am I wrong?

No i think your right as I understand it as well. However if i remember correctly, this would take two seasons to build the stadium alone, if it all goes to schedule, and then the surrounding infrastructure would take another couple of seasons to complete on top of that.

It seems to me that trying to build a stadium partially on top of another stadium while having to account for thousands of fans traveling to games and being in and around the stadium build site several times a week must be a hell of a logistical nightmare.

Daniel might see the option of renting the stadium for a couple of seasons for a relatively small fee that would be easily recouped by the extra ticket sales, giving spurs the chance to build the stadium uninterrupted and possibly completing the other infrastructure as well in that time, as a good option.

 

[Super Tottenham]

No i think your right as I understand it as well. However if i remember correctly, this would take two seasons to build the stadium alone, if it all goes to schedule, and then the surrounding infrastructure would take another couple of seasons to complete on top of that.

It seems to me that trying to build a stadium partially on top of another stadium while having to account for thousands of fans traveling to games and being in and around the stadium build site several times a week must be a hell of a logistical nightmare.

Daniel might see the option of renting the stadium for a couple of seasons for a relatively small fee that would be easily recouped by the extra ticket sales, giving spurs the chance to build the stadium uninterrupted and possibly completing the other infrastructure as well in that time, as a good option.

The OLPC are going to want someone more long term to rent the stadium.

 

[Real_madyidd]

The OLPC are going to want someone more long term to rent the stadium.

It says that it will be a one year contract on the BBC.

 

[MattyP]

Can't wait to read Karen Brady's diary in The Sun this weekend :lol:

 

[LukaMotion]

The OLPC are going to want someone more long term to rent the stadium.

I'd imagine a short term contact, say two years, with us, before then opening it up to another bidding circus again once we have our stadium would sound quite appealing to them.

Stable tenants for two years with no prospect of defaulting due to lack of funds, they keep the running track going whilst we capitalize on the short contract by using the stadium for other events as well, maybe sound out a partner for our own stadiums naming rights.

Two years also gives the OPLC time to sound out other potential investors that may want to participate in a bid the second time round, rather than just west ham, once they have seen how it can host events and what it sells like.

 

[steventhfc]

The Cockney Rent Boys, what a great call by Cosmic!

 

[sloth]

Looks to me that West Ham will get the same deal just phrased slightly differently. Basically the public will fund the conversion rather than the public giving the money to West Ham to do the conversion. West Ham, if they want to do the improvements (roof, exec boxes), will have to find the funding from somewhere to do them, but seeing as our challenge was about government subsidy in a competitive bidding process, presumably once it's no longer a bidding process West Ham will be able to return to Newham and secure the loan under the same terms?

Thereafter it will be a simple measure for West Ham to offer to take on the stadium permanently in exchange for certain guarantees. They'll sell the Naming Rights and in five or ten years when there are no more large athletics events on the horizon and the public are desperate for something anything to be done to take the burden from the public purse of the OS West Ham will sell up to a billionaire who will pay £100m or so to the public coffers in return for being able to rip up the track and start again.

I'd say we've been left high and dry on this one. We've no chance of levering more money out of the Mayor's office and so it's decision time for Levy and co. Is the NDP viable as it is or not? Though I guess we've still to find out what happens with our bid to the RGF (sadly that's chaired by Michael Heseltine and I can well imagine a quick telephone call from his Tory chum Boris could scupper that one).

 

[Super Tottenham]

Looks to me that West Ham will get the same deal just phrased slightly differently. Basically the public will fund the conversion rather than the public giving the money to West Ham to do the conversion. West Ham, if they want to do the improvements (roof, exec boxes), will have to find the funding from somewhere to do them, but seeing as our challenge was about government subsidy in a competitive bidding process, presumably once it's no longer a bidding process West Ham will be able to return to Newham and secure the loan under the same terms?

Thereafter it will be a simple measure for West Ham to offer to take on the stadium permanently in exchange for certain guarantees. They'll sell the Naming Rights and in five or ten years when there are no more large athletics events on the horizon and the public are desperate for something anything to be done to take the burden from the public purse of the OS West Ham will sell up to a billionaire who will pay £100m or so to the public coffers in return for being able to rip up the track and start again.

I'd say we've been left high and dry on this one. We've no chance of levering more money out of the Mayor's office and so it's decision time for Levy and co. Is the NDP viable as it is or not? Though I guess we've still to find out what happens with our bid to the RGF (sadly that's chaired by Michael Heseltine and I can well imagine a quick telephone call from his Tory chum Boris could scupper that one).

I have to agree. Boris warned us to take up his offer and he's pulled out a trump card. This leasing business will only be until we've started building our stadium.