London Assembly demands to see accounts of London Stadium company - News Summed Up

London Assembly demands to see accounts of London Stadium company


London Assembly members have demanded to see the financial accounts of the company that owns West Ham's London Stadium home amid concerns it is heading towards insolvency. The centrepiece of the 2012 Olympic and Paralympic Games is owned by E20 Stadium LLP, a joint venture between the London Legacy Development Corporation (LLDC) and Newham Council. "But we have been prevented from seeing the accounts of E20 Stadium LLP. "The assembly needs this information immediately so we can assess whether (London Mayor Sadiq Khan) is making the right decisions when it comes to the London Stadium and Olympic legacy. These revelations have led some to ask if West Ham's tenancy agreement, which at just £2.5m a year has been described as the "deal of the century", should be revisited.


Source: Evening echo November 22, 2017 17:26 UTC



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