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One million pounds down the pan

Filed: Wednesday, 25th January 2012
By: Staff Writer

The cost of West Ham's aborted bid for the Olympic Stadium is estimated to be an astonishing 1million, according to reports.

An article in today's Evening Standard claims that United's efforts to secure rights to the Stratford-based complex after this summer's Olympic Games have cost the club's owners in excess of seven figures.

West Ham were granted preferred bidder status for the stadium back in February 2011, afer the OPLC - the Olympic Park Legacy Company - unanimously voted in favour of handing use of the 500million ground to United.

However the decision was reversed last October due to ongoing legal action, mostly at the behest of Tottenham Hotspur and Leyton Orient whose claims of wrongdoing are yet to be substantiated.

A number of sources are suggesting that West Ham will now pull out of the second round of bidding havng failed to receive reassurances with regards to a number of issues including naming rights, sponsorship and the use of the stadium by non-football activities.

Co-chairman David Gold, who stated as recently as November that, "I am ruling out developing the Boleyn [as] that would be pouring money down the drain" has recently made noises suggesting that he would be willing to consider redeveloping the ground's East Stand in order to raise capacity to 40,000.

The East Stand - which contains the former Chicken Run - is the only stand at the Boleyn Ground that is more than 17 years old (having been opened in 1969).

The Bobby Moore Stand - that replaced the former South Bank - was opened in 1993, followed in 1995 by the Centenary Stand (former North Bank) and then the new West (aka Dr Martens aka Alpari) Stand in 2001.

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by Cranham Hammer
12:57PM 26th Jan 2012
''That's what they tell the taxman. Probably all tax deductable. These people are not financial muppets.''

by Anon
12:52PM 26th Jan 2012
''1million is probably a drop in the bucket now that Dyer is off the books!''

by Mark Nunnery
04:43PM 25th Jan 2012
''It's a Hell of a waste of money I admit, but I think we're better off without it if they (the powers that be, shall we call them) have reneged on the deal, then we should simply give em the old Churchill sign (and I don't mean the doggie from the insurance company).

Lets get the Chicken Run renewed, I'm sure the Bobby Moore and Trevor Brooking stands could be joined increasing the capacity to 40,000. I never really took to the idea of watching a game though binoculars anyway. I've always loved the Boleyn, always will.''

by David Pickering
03:06PM 25th Jan 2012
''Surely the club could sue for some of these expences back? We have done no wrong and had the rug pulled from under us. So somebody must be liable.

It would seem that it pays to play dirty. It's wrong to have public money involved, unless you play dirty and your name is Spurs.''

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