Coe has experience of using large amounts tax payers money to fund stadia of no benefit to the general public. Strange how only certain parties benefitted? No wonder the rags wanted him on board.
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Etihad Campus, Stadium and Collar Site Development Thread
- Thread starter Danamy
- Start date
It is hard to see how West Hams near free deal on the Olympic Stadium is not classed as state aid and treated in the same way as interest free loans when it comes to FFP/PSR because of the financial advantage it confers. What a can of worms has been opened?Whilst you may be right, it should be the next can of worms to be opened re state funding/FFP/PSR?
JGL07
Well-Known Member
I suppose the argument can be made that West Ham just took advantage of the desperation of the Olympic Legacy Commission to find a user. Tottenham would have taken it had they been allowed to bulldoze the whole thing and build a new football stadium on the site.It is hard to see how West Hams near free deal on the Olympic Stadium is not classed as state aid and treated in the same way as interest free loans when it comes to FFP/PSR because of the financial advantage it confers. What a can of worms has been opened?
But this was not allowed because the athletics lobby wanted to retain the running track, presumably to hold a meeting every two or three years and costing millions to take out and then replace the temporary seating above the track every meeting. With no other user on the cards, West Ham could dictate their own terms.
The City of Manchester Stadium, needed an end-user from the start, otherwise it would never have been built in the first place. Realistically that could only have been United (very unlikely) or City.
The conception ruled out a dedicated athletics stadium and ensured that it would be reconfigured as a football stadium after the games. This left a stadium that was well designed and not a dog's breakfast like the City of London Stadium.