The Moore Stephens independent report which is due to be published in December will likely say the ownership structure of E20 Stadium LLP which owns the London Stadium is overly complicated and inefficient.
E20 is 65% owned by the London Legacy Development Corporation (LLDC) and 35% by Newham Legacy Investments (NLI)
Before the end of the year, the Limited Liability is likely to be dissolved but what will this mean for the stadium operators, West Ham and UK Athletics?
Suggestions by the Sun newspaper in October that the stadium owners could be put in administration and/or West Ham could be locked out of the stadium are frankly quite ludicrous and so wide of the mark in reality.
West Ham’s 99-year contract is with the LLDC rather E20 while French operators London Stadium 185 also have a contract with LLDC in addition to E20. Only UK Athletics have a contract solely with E20 and this is likely to be novated to the LLDC when the stadium ownership structure is changed later this year. While the story may hit the national headlines when it formally announced nothing really will change day to day in the running or use of the stadium.
Whoever owns it I hope the up the attendance to 66000 we could probably fill 100k a match most matches, in terms of support its hard to say we aren’t with local fans the biggest club in London, Gooners and Spuds both struggle at times to fill the Stadium, we are in a Stadium a core of our fans despise yet its more or less full every match thats proper support none of this fairweather glory hunting malarkey of our North and West London rivals COYI !!!
Surely if the Athletics contract is with E20 only then when it is dissolved it would be appropriate to cancel the contract & then leave the door oen to properly refit the stadium for football & get rid of the horrendous costs of moving the seats.