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   In brief - Wednesday's news round-up [18th Apr 2018]
   arrow   Post-match press conference: David Moyes v Stoke City [video] [17th Apr 2018]
   arrow   In brief - Tuesday's news round-up [17th Apr 2018]
   arrow   Noble issues war cry [16th Apr 2018]
   arrow   Win and survive, says Brooking [16th Apr 2018]
   arrow   Pre-match press conference: David Moyes v Stoke City [video] [15th Apr 2018]
   arrow   Masuaku linked with Spurs and other transfer news  [12th Apr 2018]
   arrow   City date confirmed [12th Apr 2018]
   arrow   Statistically speaking, safety beckons [9th Apr 2018]
   arrow   Fans request waiting list disclosure [7th Apr 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
Breaking: Olympic Stadium raided
HMRC investigators have raided the Olympic Stadium in connection with an in...more
Three Years Ago
Queens Park Rangers 0-0 West Ham United
West Ham had goalkeeper Adrian to thank for keeping a clean sheet as they limped a little closer to ...more
Five Years Ago
West Ham set for Ireland and Germany
West Ham United have confirmed their current list of pre-season fixtures....more