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legaleagle 01 Dec 17 7.42pm | |
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Originally posted by Stirlingsays
It's Johnson or bust for the Tories....... Let's hope so: "Decisions taken by Boris Johnson as the mayor of London to convert the Olympic Stadium for West Ham United’s use cost almost £300m of public money and have saddled the stadium operator with annual losses of about £20m, a highly critical review has found. The review, by the accountants Moore Stephens for Johnson’s successor, Sadiq Khan, concluded that the process “went awry” when Johnson ran a new bidding process in 2011 and all the financial risk and costs were taken on by the public sector. West Ham, a Premier League football club with its own Boleyn Ground to sell, won the bid to occupy the converted 60,000-seat stadium, but the £323m cost of conversion – a £133m overrun of the original £190m estimate – was almost entirely paid with public money. The rent agreed for West Ham, £2.5m per year, does not approach covering the costs of operating the stadium, with which the new deal burdened the public sector. The current publicly owned operator, E20, is losing £10-£20m a year, the report stated – including losing £2.25m hosting West Ham to play football, which costs £4.75m a season. Newham borough council, which loaned £40m towards the conversion of the stadium for West Ham, has accepted it will not see that money repaid and has withdrawn from the E20 partnership. Khan announced that he, through the mayoral body the London Legacy Development Corporation, will take control of the stadium and seek to staunch its losses. “What has been presented is simply staggering,” Khan said, in scathing criticisms of Johnson. “Not for the first time, it reveals a bungled decision-making process that has the previous mayor’s fingerprints all over it."
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Kermit8 Hevon 01 Dec 17 7.43pm | |
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Originally posted by legaleagle
Which particularly of his achievements so far convinced you he'd do the job well? Oh come on Legal. Be fair. He's actually very good at attracting sycophants. Reckon it's the posh voice.
Big chest and massive boobs |
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legaleagle 01 Dec 17 7.45pm | |
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Or the cut of his suits
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cryrst The garden of England 01 Dec 17 8.02pm | |
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Originally posted by Kermit8
I've just read the taxpayer is responsible for West Ham's corner flags via a deal signed with Boris's blessing and some think he will be a good PM. You gotta laugh. Think red ken started the ball rolling on this whole episode when he was London mayor. Boris upped the anti by thinking ahead.
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cryrst The garden of England 01 Dec 17 8.05pm | |
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Originally posted by Kermit8
Oh come on Legal. Be fair. He's actually very good at attracting sycophants. Reckon it's the posh voice. Not a lover due to his flip flop brexit debacle but he is a very learned fellow
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Henry of Peckham Eton Mess 01 Dec 17 8.09pm | |
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Originally posted by cryrst
Not a lover due to his flip flop brexit debacle but he is a very learned fellow He may be erudite but he's certainly a tosser!
Denial is not just a river in Egypt |
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croydon proud Any european country i fancy! 01 Dec 17 8.34pm | |
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Originally posted by Henry of Peckham
He may be erudite but he's certainly a tosser! Hear hear!
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cryrst The garden of England 01 Dec 17 8.36pm | |
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Originally posted by croydon proud
Hear hear! Here here!
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croydon proud Any european country i fancy! 01 Dec 17 9.02pm | |
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Originally posted by cryrst
Here here! I always thought it was here here to, until dulwich eagle pointed out its actually hear hear, here here actually seems to make more sense, but unfortunately its hear hear!
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Stuk Top half 01 Dec 17 9.32pm | |
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Originally posted by cryrst
Think red ken started the ball rolling on this whole episode when he was London mayor. Boris upped the anti by thinking ahead. Ante.
Optimistic as ever |
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Stuk Top half 01 Dec 17 9.33pm | |
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Originally posted by croydon proud
I always thought it was here here to, until dulwich eagle pointed out its actually hear hear, here here actually seems to make more sense, but unfortunately its hear hear! Too.
Optimistic as ever |
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Stuk Top half 01 Dec 17 9.35pm | |
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Those who live in glass houses... Back on topic (ish) they shouldn't have built it as just an athletics stadium, no forward planning. And, it is hear hear.
Optimistic as ever |
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