Breaking news: Spuds granted judicial review

[TheAlmightyAmmer]

This feels dirty but I hope Barry gets a result and it remains an athletics stadium

[eastsider]

http://www.telegraph.co.uk/sport/olympi ... -deal.html" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;

latest revalations!!!

[MD_HM]

More evidence that they dont really care about the Olympic Site just them paying less and getting something for nothing.

As for Orient

[eastsider]

http://www.telegraph.co.uk/sport/olympics/8761270/Tottenham-Hotspur-were-so-close-to-new-stadium-deal.html" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;

latest revalations!!!

The snidey part about never being able to remove the track gets me...... Pathetic

[gavrosh]

The snidey part about never being able to remove the track gets me...... Pathetic

Shows how **** scared they are of West Ham making the OS their home ground. In reality it dont make too much sense to rip out the running track and fully convert to a football stadium - the capacity would be something like 100k. Who knows, in 20 years time..?

[TheAlmightyAmmer]

I'm sorry but if the government are seriously being given the run around by Levy and we have to move into a stadium where we can never remove the running track G&S shouldn't even consider it, unfortunately they probably will

[eastsider]

[quote="TheAlmightyAmmer"]I'm sorry but if the government are seriously being given the run around by Levy and we have to move into a stadium where we can never remove the running track G&S shouldn't even consider it, unfortunately they probably will



How can they say never??
what if UK Athletics decided it was not a viable venue for them in 10 years time for example??

[Yorkshire 'ammer]

Boris running out of patience with Spurs?

http://www.thisislondon.co.uk/standard/ ... um-plan.do" onclick="window.open(this.href);return false;

Boris Johnson today issued Tottenham Hotspur with a remarkable "take it or leave it" ultimatum to convince the football club to stay in north London.

The Mayor gave Spurs chief Daniel Levy a stark warning that there is "no more money available from the public purse" to fund their regeneration plan.

As the two sides met for crunch talks, he called on the club's chairman to accept a £17 million package from City Hall and Haringey council and drop a court battle to gain control of the Olympic stadium.

Mr Johnson says the money offered will allow Spurs to press ahead with the £400million redevelopment of White Hart Lane rather than continue a judicial review over the 2012 arena, which has been awarded to West Ham United.

A deal is on the table that will mean the Mayor's office will provide £8.5million for regeneration around the new 56,250-seat stadium development.

Mr Johnson's senior aides, Sir Edward Lister and Sir Peter Rogers, today met Tottenham chiefs and insiders said there was hope that a deal would be reached.

A source close to the negotiations said: "There is an extremely generous deal on the table. This is a sizeable chunk of public money. We cannot understand why the club is dragging its feet if it claims to be committed to the area.

"If they don't take it we will start exploring other options and talking to other people."

Haringey council would provide a further £8.5 million for improvements around the new ground - meaning the club would be relieved of the "planning gain" requirements that are often associated with large scale developments.

The club was last week given official planning permission to go ahead with the project by Haringey, but is still pressing ahead with a court battle over the award of the Olympic Stadium.

In a significant intervention Mr Johnson today told the Standard: "Tottenham Hotspur has long been an integral part of the community and by staying true to its roots the club now has the power to revolutionise an area of the capital that has been neglected for far too long. Last month's riots were a telling reminder of just how important it is for Spurs to press ahead with the development at Northumberland Park and to help kick-start a much wider regeneration project that would create jobs and give Tottenham the economic boost it deserves.

"The club knows there is no more money available from the public purse and I sincerely hope that they accept the offer we have made. It is not just in the best interests of Tottenham Hotspur and the fans of this great London club, but of the wider north London community. "

City Hall and Spurs were extremely close to reaching a settlement with City Hall but it fell through just before last month's High Court hearing at which the club was given permission to launch a full judicial review.

That hearing is currently still scheduled for October 18.

A Tottenham source said today's meeting "is part of several taking place".

[TheAlmightyAmmer]

£17M?!?!?!?!?! But everyone will still probably moan about the Newham loan (despite it benefiting Newham as well)

[Headtheball]

Can someone shut Barry Hearn up. He is a real pain. I don't know why there hasn't been any positive PR to the media outlining our side of the bid. Too much misinformation about the £40m 'capital investment' from the Treasury to the joint company set up to manage the Olympic stadium. There, that was easy!

http://www.dailymail.co.uk/sport/footba ... claim.html

[Adie64]

I see Hearn seems to have stopped refering to the £40 million loan to the joint company and is now just going on about state aid because we are RENTING a stadium.
Barry, it's not being given to us we are RENTING it.
They were offered the stadium as he say's, whats the difference? It dosen't matter what size the finished stadium is we all got a chance to apply to move in on our own terms, he choose not to.
Moaning about Spuds getting a bung / Us getting a stadium to rent / whats left for him, where's his bung? COYI

[mywhufc]

I see Hearn seems to have stopped refering to the £40 million loan to the joint company and is now just going on about state aid because we are RENTING a stadium.
Barry, it's not being given to us we are RENTING it.
They were offered the stadium as he say's, whats the difference? It dosen't matter what size the finished stadium is we all got a chance to apply to move in on our own terms, he choose not to.
Moaning about Spuds getting a bung / Us getting a stadium to rent / whats left for him, where's his bung? COYI

who we renting it off?

[hammers1954]

The OS will be leased by the joint (West Ham & Newhan Council) special purpose vehicle company on a 150 year lease from the Olympic Park Legacy Company (OPLC). The SPVC will then lease the OS to West Ham for football and to UK athletics for them to hold athletics event. West Ham will repay the loan via the SPVC, the loan was strictly speaking made by Newham to the SPVC not West Ham, to the council plus interest.

Newham and West Ham will share in the profits made by the SPVC from events such as concerts etc held at the stadium.

[mywhufc]

The OS will be leased by the joint (West Ham & Newhan Council) special purpose vehicle company on a 150 year lease from the Olympic Park Legacy Company (OPLC). The SPVC will then lease the OS to West Ham for football and to UK athletics for them to hold athletics event. West Ham will repay the loan via the SPVC, the loan was strictly speaking made by Newham to the SPVC not West Ham, to the council plus interest.

Newham and West Ham will share in the profits made by the SPVC from events such as concerts etc held at the stadium.

does the SPVC pay rent to the legacy company then?

[gavrosh]

I think its a case of the Stadium Company leasing from the OPLC. The stadium company then rents the stadium out to West Ham/ UK athletics/ occasional events and derives rental income from doing so. West Ham (i think, this hasnt been confirmed) will then receive 100% of West Ham's revenues from the stadium, plus a percentage (say 50%) of the total rental income, with the rest going to Newham. This is all of course after the loan has been paid back - in the short term as senior creditor it will take priority over profit take by either West Ham or Newham. The OPLC receives pepporcorn rent at best, i think. In short all somewhat convoluted even if it were already agreed upon and no great wonder that it was the weak point of the deal. They should have nailed down the rent/ revenues/ loan obligation before now.

[POP POP POP Robson]

http://www.dailymail.co.uk/sport/football/article-2043532/Spurs-demand-West-Ham-rip-Olympic-Stadium-running-track.html

Pisses me off that they can make demands. It's none of their business. And why should they get a £17million bung from Boris?

[gavrosh]

The fact that theyre demanding that shows they are absolutely petrified of the prospect of West Ham in the OS and doing well. They know that the OS has a significant amount of redundancy built into it, so if West Ham start to attract ever bigger crowds, its fairly easy to make the place even bigger (by digging down and adding tiers). They know that an 80k football club will suck support away from them, and are trying to prevent that from ever happening. Only problem for them is that you could still conceivably still dig down and preserve a running track anyway, just one lower down from where it is currently.

Something for the pessimists here to contemplate, perhaps.

[AMC1964]

"must keep the running track"...

Doesn't mean we couldn't eventually re-develop the site "Stade De France" style with proper retractable seats and track etc...

[gavrosh]

Precisely. For example, dig down about 5 metres, underpin the current lower tier, and put in a new track. In season you lay demountable seating over that = 80k capacity, at least.

[eastsider]

[quote="gavrosh"]The fact that theyre demanding that shows they are absolutely petrified of the prospect of West Ham in the OS and doing well. They know that the OS has a significant amount of redundancy built into it, so if West Ham start to attract ever bigger crowds, its fairly easy to make the place even bigger (by digging down and adding tiers). They know that an 80k football club will suck support away from them, and are trying to prevent that from ever happening. Only problem for them is that you could still conceivably still dig down and preserve a running track anyway, just one lower down from where it is currently.

Something for the pessimists here to contemplate, perhaps.


How pathetic are Leavy and Hearn.
When Man City got the comenwealth games stadium you did not get United, Bolton and Scunthorpe trying to block it.....
On one website it says that there is a 150 year block on ripping up the track and even this does not satisfy Leavy!!