Just been reading a bit about West Ham's deal to occupy the Olympic stadium for the next 99 years (at least !)
It would seem that £272M has been spent converting the place for football next season -- BUT-- only £15M has been contributed by West Ham -- the rest of it coming from London Legacy - which basically means the rate payer. West Ham do have to pay£2.5M rent - but this is likely to be 'off set' over the next three years if Chelsea ground share whilst their ground is upgraded.
Not a bad deal. They've got a lot of 'stuff' for peanuts. As for a new ground for the Gills - it's just bubbles being blown out by Mr.Scally.
It would seem that £272M has been spent converting the place for football next season -- BUT-- only £15M has been contributed by West Ham -- the rest of it coming from London Legacy - which basically means the rate payer. West Ham do have to pay£2.5M rent - but this is likely to be 'off set' over the next three years if Chelsea ground share whilst their ground is upgraded.
Not a bad deal. They've got a lot of 'stuff' for peanuts. As for a new ground for the Gills - it's just bubbles being blown out by Mr.Scally.