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Old January 8th, 2020, 03:51 PM   #18401
RMB2007
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London Stadium owner and operator, E20, has seen its losses rise by more than £4m (€4.7m/$5.3m) to £27.082m.

E20’s financial status has been revealed after it submitted its financial report for the full year ending March 31, 2019, to Companies House earlier this month. While E20’s group loss for 2019 stood at £28.273m, the entity loss of £27.082m compared to 2018’s loss of £22.755m.

On January 21, 2019, E20, a wholly-owned subsidiary of London Legacy Development Corporation (LLDC), took control of stadium operator, London Stadium 185 Limited (LS185), by purchasing its share capital, in full, from previous owner, Vinci Stadium.
https://www.thestadiumbusiness.com/2...ondon-stadium/
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Old January 8th, 2020, 10:01 PM   #18402
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No way HMG / LLDC can continue to accept annual losses of £20m plus. Particularly with no indication that losses are likely to decrease in the future. Assume the stadium will be sold at some point to West Ham or the highest bidder, if there is any other interest.
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Old January 9th, 2020, 12:47 AM   #18403
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Originally Posted by sonicyouth View Post
No way HMG / LLDC can continue to accept annual losses of £20m plus. Particularly with no indication that losses are likely to decrease in the future. Assume the stadium will be sold at some point to West Ham or the highest bidder, if there is any other interest.
Ownership of the stadium won't change anything. The obligations and operational cost persist. Most of the losses are probably depreciated book values anyway and no drain of actual cash.
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Old January 9th, 2020, 05:35 AM   #18404
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Originally Posted by flierfy View Post
Ownership of the stadium won't change anything. The obligations and operational cost persist. Most of the losses are probably depreciated book values anyway and no drain of actual cash.
Depends. If the stadium was written down to market value when transferred to the new title holder, the amount of continuing depreciation could be small. But I don't know if that was done.

Otherwise, this is a yearly partial recognition of the lost cash that was drained away years ago and never hit anyone's books until now. Fancy government accounting is quite widespread and is the gift that keeps on giving (or taking).

But why would new ownership of the stadium not change anything? That depends on the current market value of the stadium and the value that a new owner brings to it. A new operator could make an enormous difference in minimizing losses or creating profits..
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Old February 4th, 2020, 12:49 PM   #18405
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West Ham have announced that London Stadium will undergo its next phase of an estimated £11.5million makeover this summer.

The squaring off of the Sir Trevor Brooking and Bobby Moore Stands will be delivered by Arena Events Group, the club revealed on Tuesday morning.

There is no official design just yet for how it will look but that will be revealed later this month.

Two new lower tier stands in the stadium bowl will bring some fans closer to the action by as much as four metres in a move that has been desperately needed ever since the Hammers moved to former Olympic Stadium.

The next stage of development in the summer of 2020 should fall in line with the club's hopes of increasing the capacity at the arena to 62,500 for the start of next season.
https://www.football.london/west-ham...ummer-17684244
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Old February 4th, 2020, 04:38 PM   #18406
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Lipstick >>>>> Pig
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Old February 4th, 2020, 04:44 PM   #18407
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Maybe, but this is really the key bit...

"The system will also allow for faster seat moves between events to help reduce costs in the UK’s largest multi-use stadium."
https://www.claretandhugh.info/londo...ender-awarded/
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Old February 4th, 2020, 04:47 PM   #18408
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Can Such a change be implemented without either:

a) further reducing the gradient of the stand

or

b) creating an even bigger, more isolating no man’s land between the upper and lower tiers?

If not, it will surely only be a case of robbing Peter to pay Paul.

Last edited by JimB; February 4th, 2020 at 04:53 PM.
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Old February 4th, 2020, 04:50 PM   #18409
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Two posts on the West Ham forum KUMB encapsulate what some of the fans are experiencing at the Olympic Stadium:

https://www.kumb.com/forum/viewtopic...13740#p5611778

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“We’re just the biggest shop in Westfield”

a comment today from one of ours that has haunted me all afternoon.

We left at half time today. After just enduring 45 minutes, all of my lot in unison decided to just leave. Walked all the way around from our seats to the ass ache exit - when told by the officials “you won’t be able to come back in?”, almost felt my heart being ripped out as I replied, “mate I don’t know if I’m coming back at all”

I think I’m done with going. 34 years. First game in 1983. I don’t think there’s anything left - either in me or of my love for West Ham United.

It’s literally soul destroying. It actually hurts.

From the horrible journey to the horrible general cattle market experience (Stratford is appalling but even Hackney wick is ***** really. Don’t kid yerselves. I can’t anymore), I’ve had enough. The horrible football played by a team that doesn’t want to be here, managed by a bloke just desperate for any job, all stewarded by people I’d celebrate passing feels like it’s just the cherry on top to be honest.

We left at half time - and watched as the Stop/Go merchants got in place ready to deal with the cattle, the security at Westfield got prepared to close their doors & readied themselves to stop the ******* football supporters from getting home early, we watched the yellow visors put up their barricades on grey empty motorways with literally no indication there was even a football team playing 5 minutes away as it took us 25 minutes to navigate a 10 minute walk.

They’ve killed my club. I honestly don’t think I can do it anymore.
https://www.kumb.com/forum/viewtopic...13740#p5611828

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The Next Level and the London Stadium Match Day Experience

So, you travel by train to the OS, or London Stadium, call it what you will, and you get out at Stratford or maybe one of the smaller stations nearby.

If Stratford, you go along with the masses and pass through a sanitised shopping centre that really doesn’t want you in there. You take the exit and go along the concrete concourse towards the big stadium you see ahead. It’s your stadium, it’s our stadium, but where’s the claret & blue?
The crowd around you gets bigger the nearer you get and there might be an occasional shout here and there “Come on You Irons”. There’s no stalls, no merchandise, no programme sellers, no fast food, nothing you normally get on the way from a station to a game on match days elsewhere. It’s a home game, but if feels like an away day, no matter how many times you have done it.

If you’ve come from a smaller station, Bromley-By-Bow maybe, you walk almost alone crossing main roads as you go. The crowd builds a little, but not much. You get within sight of the ground, you are less than five minutes away, but it’s like you’re intruding on someone else’s game. It’s almost as if you are sneaking in after the kick off – so bare are the streets as you pass Pudding Mill Lane. Up the back, across the Greenway, and finally you mix and mingle as you approach the club shop – the only place you see where they are selling something football related on the day.
In you go, up those concrete and steel steps, all nice and neat and grey and silver. There’s no West Ham, no claret & blue, nothing making you feel at home. After the scaffolding and tarpaulin covered gaps, you see “Welcome to the London Stadium” time and time again. Maybe a beer in the bar – a little better, a splash of colour here and there, and then into the great big soulless bowl we now pretend is home. Take your white plastic seat and think to yourself the view don’t seem too bad. It’s deceiving though. You can see what’s going on, you even try to compare it with where you were in the Boleyn Ground. Doesn’t seem too bad – but human memory is notoriously myopic. You seem to have forgotten the view experienced by those down the front is absolutely nothing like what it was. No one is near the pitch. The game is going on before you realise you can’t hear the thud of the leather or smell the freshly cut grass. You can’t hear the players anymore, the refs whistle is barely audible. Your eyes drift to the giant tv screens where you see replays of what’s going on. You sometimes find yourself watching the screen rather than the game.

You are so far from the singing, you can only recognise Bubbles. Any new ditty barely gets a whimper and cannot make the rounds because only a few are singing. The happy clap has taken over simply because it can be heard and is easier to join in. You listen to the away support “You sold your soul for this ****-hole”. You don’t disagree with this sentiment.

You watch a game you do not feel a part of. You know you can shout as much as you like and no one on that pitch will hear you. The players are pretty small on the far side, the manager looks pretty isolated out there. You soon realise the players are not really getting a lift from the crowd. You know you are owned by people who do not understand you, your club, or your heritage.

When it’s all over, you move away with the masses. If Stratford, they follow you onto each train. It’s jam packed rush hour all over again. If elsewhere, you have beaten the crowd and soon find yourself in isolation once more. You are as detached from the club as you are from the pitch.

They say no man is an island. West Ham United is that no man right now. And there is your match day experience. The longer you follow, the more you become a beggar on the street of forlorn hope.

Despite modern collective amnesia, you remember walking the streets of East Ham. You remember going to and fro amongst your own. You remember the buzz when your bus went over the iron bridge at Canning Town and you saw the flood lights appearing on the horizon – even better when lit up for night games. The buzz when your train arrived at Upton Park and you got off and saw the signs “Alight here for West Ham United Football Ground”. The buzz when you parked your car down the side streets of East Ham and found yourself amongst your own going towards the ground. The endless hot dog and burger vans, street cafes, pie ‘n mash, fish ‘n chips. The multitude of West Ham pubs to meet up with your mates. The programme sellers, the fanzine sellers hollering out their wares. The stalls selling all sorts of football coloured merchandise, scarves, rosettes, badges. You passed by houses that have stood and seen the match day masses coming and going for a hundred years. You were amongst your own. You were West Ham. You were claret and blue. It was all around you.

You made your way into your favourite, lucky turnstile. Everything was painted claret and blue. You took up your seat, claret and blue was everywhere you looked. There was no mistaking it – you were at Upton Park in the Boleyn Ground.

You know we didn’t win much. But that didn’t stop you going. You knew it was something deeper – much, much deeper. You knew in your heart it wasn’t about winning. At the end of the day, it was you, your family, your mates, your life, your story, the feeling of belonging -the simply being there.

For those of us that felt this, for those of us that were as one, you know deep down this is what it was all about. There is no other level. There never was. There would never be a level above the glorious sixties - the moments we discovered ourselves under those misty lights on winter nights. There would never be another level above the European nights of 1976. There would never be another level above the coming together at Villa Park in April 1991. There would never be another level above the Ipswich play-off night or the last game at the Boleyn in May 2016. It ended there.

The soul of West Ham United was destroyed in the dust of destruction at Upton Park. The con-men responsible for the destruction are still at the helm today, churning out the same old razzle-dazzle nonsense knowing full well there is a mug born every day.

And that is West Ham London under Sullivan, Gold and Brady. A trio that cares little about anything other than sucking the last quid from your pocket. They need to go, and one day they will. Fear not where we will be when that day comes - bring it on.

But it is not about them. It never was. Regardless of who pulled the strings, at the end of the day it was all about us. It was always us. We had something special, the players felt it, the club felt it. We had each other inside our old home. We were at one with the Boleyn. We can never be at one with the London Stadium. This is a tough call – but at the end of the day there is only one solution. Either the stadium goes, or we do.
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Old February 11th, 2020, 02:11 PM   #18410
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Has anyone seen anything further reported about the new lower tier seating that's meant to be being installed for next season as reported on Sky Sports News last week?
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Old February 13th, 2020, 12:47 AM   #18411
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A decent summary video of what was promised to the West Ham fans at the Olympic Stadium versus what's been delivered:

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Old February 16th, 2020, 01:17 PM   #18412
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I think he just comes across as massively naive. Yes, there's less colour, but the images aren't that far off.

I feel really sorry for West Ham fans for what they have ended up with, but it was pretty obvious that this was going to be the case. The guff that Brady and the owners produced about re-configuring the stands close to the pitch was clearly just that. The majority of the seats in London Stadium are in the upper tier, which wasn't moving any closer to the pitch. It was also clear that the effort to move the bottom tier closer was a rubbish solution that would just detach a small section of seating from the main stands.
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