Goldstone told London Assembly member Shaun Baily at yesterday’s plenary meeting that “The ownership structure is being looked at, there has been discussions between the Mayor of London and the Mayor of Newham around that but it is joint venture ownership and a joint venture body which is complicated with an arm’s length operator which contracts with
He later added: “The (London Stadium) ownership model is part of what is being looked at in terms of how the future of the stadium is resolved. The ownership is currently split to joint ownership between LLDC and London Borough of Newham as a joint venture called E20, it’s a limited liability partnership. With the benefit of hindsight, that structure looks unduly complex and somewhat unruly. It is difficult for the partners to decide to be clear where the responsibilities lay and it wants simplifying.I think saying that it is something that all parties agree and it is being discussed how that will happen.”