The full details of West Ham’s “secret” deal as concessionaires of the Olympic Stadium should be made public, says former Leyton Orient chairman Barry Hearn.
The cost of transforming the venue into a stadium ready for football has recently increased to £272m with West Ham contributing just £15m up front with an index linked rent though to be between £2m and £2.5m per year over a 99 year deal. The exact terms of the deal remain commercially confidential.
Whinger Hearn asked the BBC Sport “Who is it confidential from? I can’t see any reason whatsoever why it should be secret, the actual deal West Ham has got is still confidential and our current mayor of London is refusing to reveal details, as a taxpayer, I find that quite confusing. When people spend my money, I rather like to know what it’s been spent on. In the absence of that information we can only speculate that it is a deal so beneficial to West Ham that it becomes questionable in its own right.”
Hearn went on to add: “It will still be an attractive stadium and will do a fabulous job for West Ham. What a postal address to have – the Olympic Stadium. It doesn’t get better than that. West Ham, with the Olympic Stadium, in my view will become one of the major clubs in Europe within four or five years.”