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SBD Global/November 18, 2013/Facilities

U.K. Tax Payers To Foot $322M Bill For West Ham's Lease of Olympic Stadium

The decision to lease the Olympic stadium to West Ham "still generates huge controversy," according to Mihir Bose of INSIDE WORLD FOOTBALL. Confidential minutes of the Olympic Board, "which brought together all the stake holders responsible for London 2012, which have come into my possession show how six years ago the Board rejected Premiership football as the post-Olympic use of the stadium." Yet in '13 West Ham appears "to have secured the stadium on much the same terms" but with the tax payer having to foot a bill 100% higher, at £200M ($322M), than what it would have cost "had use of Premiership football been incorporated in the original design." The minutes "relate to the 15th Olympic Board Meeting." The Board had before it what was called "Olympic Stadium Update Report Report Number OB(15)03." This had been prepared by the Olympic Delivery Authority and its first recommendations was, "To confirm the Board's previous decisions not to proceed with a Premiership Football option" (INSIDE WORLD FOOTBALL, 11/15).
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