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.
JGL07
Well-Known Member
Coe was fuming when he discovered that the running track was to be removed from COMS. Just how many athletics meetings would the stadium have ever hosted? Would City have agreed to move there with a permanent running track?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.
If the answer to the latter question is no, then the stadium would never have been built in the first place.
Gordyola
Well-Known Member
Because they rent the stadium for x games a year they aren’t the de-facto owners like City are it’s an amazing deal that they have but it’s more limited than City’sIt 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?
Maybe it should be subject to fair market value though
bobbyowenquiff
Well-Known Member
Probably the best deal ever done by any local authority thanks to Howard Bernstein and others. Created thousands of jobs, thousands of homes, cleared a vast blighted area of chemical pollution, generated multi millions in Council Tax and Business Tax revenues and it's not finished yet. Manchester has been better at getting inward investment than most other cities. Just as well because we have had fuck all help from successive London Governments for decades.The Maine Road and City of Manchester Stadium deals were superb deals for all parties.
Maine road transformed into a superb housing area and the Etihad and surrounding area becoming a boom part of Manchester, the transformation around there is simply unbelievable and getting better by the day.
Oystercatcher28
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barely any events at the Regional Athletics Stadium merit seating and sell-outs, as the UK has plenty of spacious tracks with standsCoe was fuming when he discovered that the running track was to be removed from COMS. Just how many athletics meetings would the stadium have ever hosted? Would City have agreed to move there with a permanent running track?
If the answer to the latter question is no, then the stadium would never have been built in the first place.
cpoverview
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- Neutral , but I am one of the drone pilots covering the stadium build
Manchester City FC - Etihad Campus - Joie Stadium - Solar Expansion
JGL07
Well-Known Member
But fair market valuation is based on what potential tenants would be willing and able to pay.Because they rent the stadium for x games a year they aren’t the de-facto owners like City are it’s an amazing deal that they have but it’s more limited than City’s
Maybe it should be subject to fair market value though
Spurs declined the invitation to become tenants. Arsenal are obviously not going to bite for obvious reasons. It’s the wrong side if the City for Chelsea and Fulham, even more so for Palace. No one else in London would be capable of paying any more than West Ham are currently doing so. The only team to express interest, apart from West Ham, were Orient!
So it was either rent to West Ham or mothball the white elephant.