Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Friday 07 August 2015 8:19 am

West Ham’s Olympic Stadium bargain is another example of the public sector’s poor planning hitting the taxpayer

By: Joe Hall

Add as a preferred source on Google

If it wasn’t so costly, it would almost be funny.
 
One, a prototypical English big man up front with a tendency to not be nearly as good in the air as he should be. The second, a £700m gleaming structure in the heart of the new jewel of East London, Queen Elizabeth Park.
 
Read more: Exclusive – Hammers reveal Olympic Stadium interior designs
 
And yet West Ham paid the same for both Andy Carroll and the Olympic Stadium – £15m.
 
The sorry saga of the Olympic Stadium is perhaps one of the more uncomfortable legacies of those extraordinary weeks now three summers ago. Yet while those memories begin to fade, anger is growing at the deal West Ham received, and the cost of renovations needed to ready the stadium for Premier League Football continue to spiral.
 
To cut a long story short, a failure to adequately think through the real future of the stadium when we were rushing head-long into the Olympics left the Authorities with a weak hand and a stadium they needed to get rid of – a situation that the owners of West Ham exploited, for whatever means, rather dramatically. You can’t blame the owners for taking advantage of this generous subsidy, but such a cut-price deal simply isn’t appropriate when you consider the extraordinary windfall coming the Premier League’s way as a result of a recently inked £5.14bn TV rights deal.
 
Read more: Karren Brady suggests Hammers would shun Spurs from Olympic Stadium
 
The cost of the renovation of the stadium is now surging way over original estimates and it is frankly inappropriate for the beneficiaries not to be asked to chip in. Now it has emerged that the taxpayer will even be picking up the bills for stadium utilities, security, maintaining the pitch – even the goalposts and corner flags. For this sweetheart deal, West Ham will pay rent of about what they pay a first-team footballer over the year.
 
There are wider questions of principle, too. As part of the deal, Newham residents will be given free tickets by West Ham to enjoy the facilities. It figures that will be focused on younger people. In theory, of course, sport is the great leveller – but how can smaller, local clubs like Leyton Orient or Dagenham playing in distinctly less grandiose surrounds and charging for the privilege compete for the next generation of fans when their next door neighbour is getting an effective subsidy from taxpayers?
 
Ultimately, though, what we’ve got here is a perfect example of poorly thought through public sector planning and shadowy deal-making of the worst kind. Labour’s shadow culture minister Chris Bryant is right – there has not been enough transparency throughout this process. Instead of the full picture being seen from the off, the bad news has dribbled out bit by bit; it does not take an overly cynical individual to expect that there might be more to come.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style

Categories

  • Sport

Related Topics

  • Expert Voices
  • Football
  • Olympics 2016
  • West Ham United

Trending Articles

  • Exclusive: Big Four giant KPMG to cut more jobs

  • Music tycoon Simon Cowell sued by prominent City lawyer

  • The former African gold miner taking on the billionaire Issa brothers

  • Tesco ‘in talks’ to exit eastern Europe

  • As it happened: FTSE 100 slump as oil soars; Trump says Iran will be ‘hit hard’ tonight

More from City PM

  • Manchester United secure site for new stadium after switching location

    Sport Business
    Foster Partners architecture firm showcases innovative building design, highlighting sustainable and modern elements in ur...
  • Russians are poised to compete at the LA 2028 Games as IOC lifts ban

    Sport Business
    Getty Images logo displayed on a computer screen in a dimly lit room, emphasizing its prominence in digital media.
  • Manchester United issue major stadium update for ‘New Trafford’

    Sport Business
    Manchester United and opponent team players in action during a 1-1 draw, capturing intense moments of the match.
  • Advertising at World Cup: Levi’s genius, hydration breaks and dodging rules

    Sport Business
    Breaking news event with diverse crowd gathered outside urban office building on sunny day, capturing vibrant city life.
  • Sunderland AFC chiefs in Stadium of Light expansion talks

    Sport Business
    Business professionals in a meeting room discussing financial strategies, with charts and documents on the table.
  • Dallas, Boston, New York New Jersey: Inside England’s Fifa World Cup stadiums

    Sport Business
    Getty Images logo against a sleek, modern background, representing the influence of media in the business world
  • Brentford in talks to host Shakhtar Donetsk Champions League fixtures

    Sport Business
    Breaking news update with diverse business professionals discussing market trends in a modern conference room setting
  • Sumo’s London return shows the capital really is a global sport leader

    Sport Business
    Breaking news event with reporters gathering for a press conference in a bustling city setting, microphones and cameras vi...

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook