Buried in the Moore Stephens 167 page report on the London Stadium are details of the first two tenders for the former Olympic Stadium which reveals what West Ham and others bid in their initial proposals.
During the first bid process, West Ham and Newham proposed to rebuild the stadium at a fixed cost of £95m from Westfield in return for a 150-year lease.
West Ham proposed to contribute £20m and Newham £40m with the remaining £35m coming from the taxpayer from the Olympic regeneration budget. By comparison, Spurs had quoted £323m to knock down and rebuilt the stadium. They also wanted £35m from the government fund, planned to borrow £210m and believed they could get £150m for the naming rights.They wanted a 250-year lease of the stadium.
After the first big collapsed after a state aid complaint by architect Steve Lawrence Spurs dropped out of the running leaving West Ham, Leyton Orient, a College and an F1 promotor.
West Ham bid £1.5m per year in the Premier League and £1m per year in any division below the Premier League. They offered £250,000 for the naming rights with any profit spilt 50/50.
Leyton Orient offered £500,000 per year for the use of the stadium.
College UCFB offered £529,000 per year but did not require the use of the pitch.
F1 promoter offered a one-off usage fee of £888,000 per year to host a Formula One race in and around the stadium.
West Ham were awarded the winner of both tendering processes but after negotiation, West Ham upped their rent to £2.5m per year with the first £4m of naming rights going to the Stadium owners before profits are spilt.
All history. Move on.
West Ham should be given it for nothing so it will save the taxpayer billions, tear up the track and build a proper permenant lower tier.