Gold Coast Fined For Salary Cap Breach Marketing Symposium: Global Sports Events Pacquiao Makes Pro Basketball Debut Executive Transactions West Indies Women Focused On Cricket Real Zaragoza Granted Meeting Swimming Australia Guarantees Bonuses SA Denies Interest In Hosting AFCON London Olympic Stadium Costs Soar IOC Seeking Bid Cities For 2024 Games
SBD Global/August 15, 2013/FacilitiesPrint All
Securing and maintaining London's Olympic Stadium, the venues and the Olympic Park "has cost the taxpayer" nearly £4M ($6.2M) in the last six months, according to SKY SPORTS. The cost of safety and security of the Olympic Park has cost £2.9M ($4.5M) alone in the six months from January to June this year. The safety and security costs of the stadium come in at an extra £422,487 ($655,000). In addition, "the costs of maintenance on the Olympic Stadium" come in at £495,300 ($768,000). The bill to the taxpayer totals £3.9M ($6.2M). These figures "do not include the costs of transforming the Olympic Park which is currently taking place" (SKY SPORTS, 8/14).
EPL side Crystal Palace co-Chair Stephen Browett "reassured fans that Selhurst Park is not about to be renamed The 12Bet Stadium," according to Simon Johnson of the London EVENING STANDARD. Crystal Palace is "in talks over a sponsorship deal with the online betting company but naming rights is not on the agenda." Fears "were raised among supporters after a picture was put online last week showing a sign outside the ground saying The 12Bet Stadium." Browett said: "Selhurst will still be Selhurst but with a facelift part‑financed by this deal. It will be called Selhurst Park -- there may be a ‘sponsored by 12Bet’ tacked on afterwards. That’s yet to be decided" (EVENING STANDARD, 8/14).