Public to fund stadium revamp

It has been discovered that taxpayers will have to contribute up to £185m towards the cost of converting the Olympic Stadium.

Last Updated: 22/11/13 at 16:48 Post Comment    Bet with SkyBet  Premier League. Click here to bet.

West Ham: Will contribute £15m to stadium redevelopment

West Ham: Will contribute £15m to stadium redevelopment

World Cup 2014

Check out the latest outright odds on next summer's World Cup in Brazil

Sky Sports News has learned that redevelopment work costing as much as £200m is needed before West Ham move into the Newham venue on a 99-year lease in 2016.

And the Premier League club must hand over just £15m of that figure, with the remainder of the cost borne by the London Legacy Development Corporation (£120m), Newham Council (£40m) and the Government.

Contacted for a response by Sky Sports News, the LLDC said "the stadium transformation has been delivered through public competitive processes to ensure best value for taxpayers".

And a spokesman for West Ham pointed out taxpayers will recoup money for the duration of the 99-year lease in rent, catering receipts and naming rights.

The venue will also host events unrelated to West Ham, including Rugby World Cup games, rock concerts and athletics meetings.

But Leyton Orient chairman Barry Hearn, who has fought a long battle for the right to share the ground, has called West Ham's move "the deal of the century".

And Robert Oxley, campaign director for the Taxpayers' Alliance, told Sky Sports News: "It's incredibly worrying.

"We've already spent £0.5bn in taxpayers' money building the stadium. The idea that we've got to pay nearly another £200m readying the stadium is a terrible deal for taxpayers."

Bet with SkyBet  Premier League. Click here to bet.

World Cup 2014

Check out the latest outright odds on next summer's World Cup in Brazil

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments


may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Please Stop Telling Us What To Think


ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

Wenger hails important win


s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

De Gea's Europa League target

Footer 365

Contract news: Tim Howard has been handed an extension to his Everton contract

Tim Howard will be staying with Everton until at least 2018 after agreeing a two-year extension to his contract.

Neymar and Jordi Alba will miss the bulk of the remainder of the season

Barcelona forward Neymar has been ruled out for up to a month due to a left foot injury.

Transfer news: Southampton boss Mauricio Pochettino warns off Luke Shaw suitors

Mauricio Pochettino says in-demand defender Luke Shaw will be staying at Southampton.

Mail Box

Mignolet Is The Reason For Liverpool Flying

Mignolet's bad kicking is the reason for Liverpool's success, whilst one man keep notes on F365 mails. Plus England excitement, Arteta and a bad Walsall experience...

City: Bottle Jobs, A Laughing Stock...

There are some harsh words for Manchester City and Manuel Pellegrini in the Mailbox this morning, as well as some rather nicer ones for Tony Pulis and his magic hat...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property