Why is West Ham getting a new stadium at a bargain price?

June 22, 2015 2:40 PM

Converting the Olympic Stadium into the new home of West Ham United is to cost £272 million, meaning over £700 million will be spent on the stadium overall. Of that cost, West Ham will pay only £15 million with the rest of the money being stumped up by taxpayers.

Our Campaign Director, Andy Silvester, said the following:

"The cost of renovating the stadium continues to spiral - much like every sports project the government gets involved in. Taxpayers will be astounded that West Ham have been gifted a stunning new stadium for the same price that they paid for Andy Carroll.

"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 the new TV deal."

You can read more about the story so far and why this is such a bad deal for taxpayers on the BBC website.

Latest Blogs:

Healthy towns poorly thought-through

1:19 PM 22, Aug 2017 Duncan Simpson

Taxing holidays doesn't fly

12:01 AM 14, Aug 2017 Duncan Simpson

How to end the housing crisis

10:48 AM 11, Aug 2017 Rory Meakin

Could the end be in sight for stamp duty?

2:23 PM 09, Aug 2017 Jan Zeber

Stamp Duty Land Tax - What is it?

12:29 PM 09, Aug 2017 Rory Meakin

Action on Sugar leave a bad taste in the mouth

11:15 AM 08, Aug 2017 Ben Ramanauskas