WSC DAILY
February 2010
West Ham's Olympic ambition | West Ham's Olympic ambition |
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When they took over the Hammers last month, David Sullivan and David Gold announced that they were backing a move three miles away to Stratford, the site of the Olympic Village and stadium. This plan has been challenged, however, by those currently in control of the site. Sullivan says that West Ham have over £100m worth of debt, with excessive running costs having led to a £37m loss in 2007-08. To alleviate this the proposal is that Upton Park, the club's home since 1904, is sold and the Olympic venue rented. Their current ground is valued at around £77m – selling would trim the debt and help cover their share of the move's associated costs. Such a move would mirror other post-Olympic tenancies such as Panathinaikos and AEK Athens in Greece, Espanyol in Barcelona and Bayern and 1860 in Munich. Of these only AEK will remain at any of those venues following this season. The others are relocating to purpose-built, athletics track-free stadiums. It is largely accepted that the presence of a track hinders the view of spectators and consequently has an adverse affect on atmosphere. Sullivan has said that the Stratford track would have to be removed, as was the case at Manchester City's Eastlands following the 2002 Commonwealth Games. On the subject...
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