Vitaly Mutko Threatens Legal Action British & Irish Lions Schedule Under Fire British Grand Prix's Future In Doubt Hull City Sale To Be Completed Soon Liverpool Unveils Carlsberg Dugout World Rugby To Support Expansion Eniola Aluko Signs With Under Armour Sky To End Relationship With Wiggins Facility Notes Stadium Goods Tapping Into China
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SBD Global/November 1, 2012/Facilities
NFL Franchises Talking To London Mayor Boris Johnson About Olympic Stadium
Published November 1, 2012
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WEST HAM'S ROADBLOCK: In London, Joe Ridge reported that West Ham is "also looking to take over the anchor tenancy," but the Treasury’s refusal to hand over the £337M ($543M) Olympic-contingency underspend to help install retractable seating "is hampering" its bid. The retractable seating is expected to cost in the region of £200M ($322M) and the mayor will be expecting any anchor tenant "to make a significant contribution." West Ham is "willing to offer more than £8M ($12.8M) a year in rent and related payments in addition to a reported multi-million lump sum. The club is "unwilling to reveal the true nature" of its financial package "due to confidentiality issues" (DAILY MAIL, 10/31).