Text  Larger | Smaller | Default

NewsNow

West Ham's legal challenges cost us milions


Filed: Thursday, 2nd November 2017
By: Staff Writer


The LLDC's David Goldstone says that legal challenges made by West Ham have cost the Olympic Park operators a small fortune to defend.

Goldstone, who was appearing in front of the London Assembly revealed that the Corporation's legal costs had reached an astonishing 3.5million since 2013 - all, according to the Chief Executive, as a result of challenges from West Ham pertaining to the stadium.

Embed from Getty Images


"We have had some recent legal challenges since the stadium became fully operational with West Ham moving in and weve had issues where we've had strong legal advice saying we should defend E20's rights and entitlements under the concessions agrement," said Goldstone.

"I should stress that we seek negotiated agreements where we can and there are a number of issues on which we've reached a negiotiated settlement that satisfied us that we were getting value from our agreements with Wets Ham.

"I can confirm that all the legal proceedings we've been involved in have been insitgated by West Ham - and in all of them we've been the defendent protecting our interests, we haven't instigated any of them."

Goldstone, who faced questions from the Asssembly for nearly two hours this morning also confirmed that the Corporation could not state when they expected the loss-making stadium to become self-sustaining. A mayoral review regarding the funding and operation of it is currently being undertaken.

However one of the avenues the LLDC are preparing to exploit in order to claw back some of their lost revenue is to reduce match day staffing costs at the stadium, according to the Chief Executive.

"On match days we're looking at reducing the cost of stewarding - managing crowd movement is a significant challenge," he added. "We're looking at simplyfying those egress routes and providing less interface with the crowds coming out of Westfield.

"We're looking at all the contracts and agreements in place to make sure we can maximise the benfit for further revenue and minimising costs."





Related News

   arrow   West Ham reaping the rewards of Stratford move [17th Jan 2018]
   arrow   The opposition view: Shrewsbury Town [17th Jan 2018]
   arrow   Moyes in the dark over Carroll rumours [17th Jan 2018]
   arrow   Collins seeking contract extension [16th Jan 2018]
   arrow   Shrewsbury to bring 3,000  [16th Jan 2018]
   arrow   Moyes looking to youth for Shrews test [video] [16th Jan 2018]
   arrow   Wagner calls for more against 'in-form' West Ham [video] [12th Jan 2018]
   arrow   In brief - Thursday's news round-up [11th Jan 2018]
   arrow   Livermore escapes FA rap [10th Jan 2018]
   arrow   West Ham 'worst experience ever', says Everton chief [10th Jan 2018]



Your Comments


Please note that this section is for comments relating to the above news item only. Any off-topic or abusive posts will be removed. Posts including either links and/or foul language are automatically filtered and will not be published. To engage in further discussion on any of our news stories, visit the KUMB Forums.

Not a member of the KUMB Forums? You may register for free membership here.

comments powered by Disqus
 
News Image




On This Day ...

One Year Ago
It's just not cricket!
The Olympic Stadium could be one of the venues used to stage cricket matche...more
Three Years Ago
The KUMB.com Podcast: Volume 3, Episode 16
The latest episode of the award-winning KUMB.com West Ham Podcast is available for download now......more
Five Years Ago
The opposition view... Queens Park Rangers
R's fans have their say after their team escaped with a point despite being battered by the Irons at...more