The investigation, commissioned by London Mayor Sadiq Khan was announced last year after transformation costs increased again by £51m. The costs include an estimated £8m every year to move supposedly retractable seats, installed to bring football fans closer to the action, off the track to allow athletics every summer. The bill for conversion has risen from £272m to £323m, and the total cost of the stadium to £752m.
The investigation’s terms of reference, published on Friday, make it clear that Mr Johnson, now Foreign Secretary, is one of a number of officials who will be asked to explain their conduct during the stadium’s troubled path since the Olympics.
The review will examine the role of stadium operator London Stadium 185, owned by French company VINCI, which has a 25-year deal to run the stadium, and may also consider the future of the stadium ownership structure. The investigation will also examine the original design decisions, taken by the then Labour Culture Secretary Tessa Jowell, Lord Coe, Ken Livingstone and the London 2012 leadership.
Three independent companies have been asked to bid to carry out the investigation, with terms of reference that include examination of:
:: All relevant construction, financial and operation arrangements
:: Key decisions, contractual commitments and financial projections
:: Due diligence and negotiations
:: The stadium’s ongoing financial viability and operating costs