Redan_White
Winger
'The Blind Beggar Stadium', sorry 'The Bling Beggar Stadium', Kray Merch available from the club shop.
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Because that land will be sold to the government, which will be allocated to something...for lots of money to the bastard government.
I'll give you an example. Brighton's old ground was sold to commercial projects and guess what! There's a retail park there now.
The Brighton fans petitioned the government for years to get a new ground. Eventually they did, but not before the government got it's money.
So west ham, pay a small lump sum towards conversion costs
They then pay a peppercorn rent per year
They will have state of the art facilities and a huge crowd increase effectively for the price of fletcher and rent in the region of his wages per year and a 99 yr lease
They also have upton park to dispose of and pocket all the proceeds from whatever happens to that.
Perhaps they should put all of the money that is generated from the sale and development of upton park to the conversion costs? Because to rebuild upton/ redevelop it would cost an absolute fortune and tbh whoever has the new ground I don't see why the country as a whole should pay for it
On top of this I'd bet my last quid there'll be concerts and all sorts going on at the new stadium which in turn is more money in west hams pocket.
Anyone who wouldn't want a full enquiry and a fair price paid for the stadium wants their head read.... Bearing in mind it cost something like 850million to build the damn thing
Dont bother yerself any more on threads you obviously know nowt about marra.
Then youd be skint. WHU rent it for buttons to use on match days. Its not their stadium. The owners who are the council and olympics people iirc will be organising other events ie concerts, rugby, athletics etc to help minimise their own contributions.
Therefore WHU will no longer have their own ground, just one they hire on a weekend, right? Cause you seem to know, smartarse....
You a WHU fan? Do you know any? I do.
Theyll be fucked for midweek games then wont they smartarse.
I know loads of WHU fans. WTF has that got to do with anything?
Knowing WHU fans certainly hasnt helped you grasp the issues of the thread or post a coherent reply. You stated the land will be sold to the govt. It wasnt. It was sold for development into 700ish flats/houses to a private developer ie Galliard Homes.
Having read through this thread off and on all day I have a few questions that you might be able to answer
1. The Olympic Stadium originally cost £486 million to build?
2. The cost of converting the stadium for multi sport use (Football) £272 million?
3. The total cost of the original build and the conversion for football (West Ham) comes to £758 million?
4. West Ham have a 99 year lease on use of the stadium?
5. West Ham will pay £2.5 million a year for use of the stadium?
6.West Ham are paying £15 million towards the conversion of the stadium?
If you do the sums on the above (providing they are correct) comes to £262.5 million over the full 99 year lease that West Ham are paying against £758 million the Tax payer has paid for the stadium
My main question is how can the Porn brothers keep saying that what West Ham will pay over that time cover the building costs of the stadium as (and I am no accountant) the figures above (again providing they are correct) don't come anywhere near the total cost of building and converting the stadium and that is without the extras they have had thrown in like ticketing, Police, Stewards etc.... which is part of the rental deal. In addition to that over a 99 year period I am assuming the stadium will need modernising, repaired etc..... Who is going to pay for this as West Ham are tenants so I will presume (maybe wrongly but as tenants they will expect it as you or I would if we were tenants) that anything extra over this time will again be paid for by the Tax payer
I might be completely wrong here but that is one hell of a deal and shouldn't be allowed and I don't know how anyone can say it is a fair deal however you look at it
Whilst I agree wholeheartedly with your post marra. Could the porn brothers not mean that by paying rent for like 350 years they will have payed it off. Its not like they gonna up sticks after 99 years.
You're right about being on the boundary which is why it's a nightmare to get anything agreed. The park is mainly situated on the Bromley Council side and that's where the problem lies. If it was Croydon then the council would be more sympathetic to the club.My understanding of that (correct me if I am wrong) is Crystal Palace Park is on the boundary of 3 councils and its hard to get anything done there in a realistic timeframe and to add to that the local residents don't want anything that is going to bring 1000s of people there on a regular basis so keep voting against any fresh plans for re-development, when I saw the Spurs plan I knew it was dead in the water because of this but didn't think part of their plan was to move Palace next door I thought that was just the Palace owners trying to move to the park
In principle possibly but that is their default statement whenever anything is mentioned about the cost and we don't know what they will do after this initial 99 year lease runs out all we have at the moment is the figures for the 99 years and they just don't add up to what they keep saying as the official line, but in reality I don't know of many stadiums that are that old they usually have a shelf life of around 100 years then its time to move on
£2.5 million a year on a £758 mill investment equates to about 0.3% so it won't even pay the interest never mind pay off the capital - it's a pittanceWhilst I agree wholeheartedly with your post marra. Could the porn brothers not mean that by paying rent for like 350 years they will have payed it off. Its not like they gonna up sticks after 99 years.
Add in to this that spurs offered to pay for the refurb of the Crystal Palace Athletics club which is going to be / has been knocked down.Having read through this thread off and on all day I have a few questions that you might be able to answer
1. The Olympic Stadium originally cost £486 million to build?
2. The cost of converting the stadium for multi sport use (Football) £272 million?
3. The total cost of the original build and the conversion for football (West Ham) comes to £758 million?
4. West Ham have a 99 year lease on use of the stadium?
5. West Ham will pay £2.5 million a year for use of the stadium?
6.West Ham are paying £15 million towards the conversion of the stadium?
If you do the sums on the above (providing they are correct) comes to £262.5 million over the full 99 year lease that West Ham are paying against £758 million the Tax payer has paid for the stadium
My main question is how can the Porn brothers keep saying that what West Ham will pay over that time cover the building costs of the stadium as (and I am no accountant) the figures above (again providing they are correct) don't come anywhere near the total cost of building and converting the stadium and that is without the extras they have had thrown in like ticketing, Police, Stewards etc.... which is part of the rental deal. In addition to that over a 99 year period I am assuming the stadium will need modernising, repaired etc..... Who is going to pay for this as West Ham are tenants so I will presume (maybe wrongly but as tenants they will expect it as you or I would if we were tenants) that anything extra over this time will again be paid for by the Tax payer
I might be completely wrong here but that is one hell of a deal and shouldn't be allowed and I don't know how anyone can say it is a fair deal however you look at it