Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Olympic Stadium will 'go broke in 10 years' say AEG

Thu 10th Feb 2011 | Football Stadiums & Facilities

West Ham and Tottenham will find out tomorrow who will be handed the keys to the Olympic Stadium after the Games in 2012.

The Premier League rivals have both submitted their plans for the future of the Stratford Stadium which is being built for the London Olympic Games 2012.

The decision had been delayed after the Olympic Park Legacy Company (OPLC) admitted they needed more time to consider each bid. West Ham, who have a joint bid with Newham Council are said to be favourites to takeover the stadium.

Their plans include keeping the running track as to provide a lasting athletics legacy which is the preferred option for the OPLC who last night hinted they would back this option.

Tottenham voiced their opinion saying that the Olympic Stadium would "go broke in 10 years" if an athletics track were retained in a venue used primarily for football.

Tim Leiweke, the president of Anschutz Entertainment Group (AEG), who are joint partners in the Tottenham bid insisted the company was very pro-Olympic legacy but that keeping a running track inside a football stadium would be an economic disaster.

Tottenham and AEG plan to pull down the stadium and rebuild a purpose built stadium for football that would also stage large concerts.

London 2012 chairman Sebastian Coe is among those calling for the track to be maintained, but Leiweke said in the experience of AEG, the world's largest owner of sports teams and entertainment venues, it would not work.

Leiweke said: "I believe in the Olympic visionaries including Seb Coe - early on we invested a million dollars in support of London and got a lot of flak in the USA as New York was also bidding.

"That said, you should be trying to create a lasting legacy for sport, not just encouraging athletes to participate but events that work.

"What they are trying to do is force a legacy for track and field into a venue that won't work for football if it has a track. And guess what - it won't work for track and field either.

"People may not like to hear that but you cannot build a 60,000-seat stadium anywhere in the world that works for both.

"It would be broke in 10 years."






If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk



Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

In Focus: SISGrass Shows Its Strength

Mon 10th Apr 2017 | Football Stadiums & Facilities

From Russia 2018 World Cup venues to Derby County, 2016 was the year to remember for SISGrass. fcbusiness speaks to Phil Blackwell, UK Project Director for the Cumbria based company about their...

AFC Fylde Lay Foundations For New Education Centre

Thu 6th Apr 2017 | Football Stadiums & Facilities

AFC Fylde’s Community Foundation has revealed further details about its new £400,000 Education Centre, which is due to open at the £25m Mill Farm Sports Village later this year....

Wembley Stadium: Experiencing Club Wembley

Fri 31st Mar 2017 | Football Stadiums & Facilities

Wembley Stadium is one of the most famous football grounds anywhere in the world. The new stadium opened in 2007, and as this was our first visit, we wanted to do it in style with some hospitality....

Sweden Gets First Taste of SISGrass

Tue 28th Mar 2017 | Football Stadiums & Facilities

Sweden has had its first taste of the revolutionary SISGrass hybrid system following the turfing of the Gamla Ullevi football stadium in Gothenburg. Premier Pitches removed the pitch and SIS installed...