Tag Archives: franchises

Olympic Stadium latest: NFL bid thrown out

West Ham move into pole position for Olympic Stadium after NFL bid is thrown out

NFL bid for Olympic Stadium ruled out

West Ham now frontrunners for anchor tenancy

Mayor confirms stadium unlikely to be ready until 2016

UK Athletics chairman labels process a farce

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UPDATED:

13:10 GMT, 14 November 2012

West Ham have received a boost in their bid to move into the Olympic Stadium after the NFL's proposal to become anchor tenants was thrown out.

The American gridiron franchise were willing to share the stadium with other sports and events but were told that they could not have the exclusive access to the venue each year from September to January which they felt they required to prepare and host consecutive games.

In a further twist, Mayor Boris Johnson – the chairman of the London Legacy Development Corporation who operate the stadium – confirmed rumours that the stadium will not be re-opened until 2016 to be true.

Up in the air: The future of the Olympic Stadium remains unclear

Up in the air: The future of the Olympic Stadium remains unclear

The Mayor said on Wednesday that it
was 'highly unlikely' that the stadium would be converted and ready for
use again before the 2016 Olympic Games in Rio – meaning, incredibly,
that it will take longer to convert the stadium than it did to build it.

The delay in re-opening of the stadium has been branded 'a farce' by UK Athletics chairman Ed Warner.

Warner said: 'My biggest concern is
that we have some major events planned for that stadium and we thought
they were going to be from the summer of 2014 onwards.

'All of the legacy use was scheduled
to start in two years' time and now it might be four years' time which
strikes me as ludicrous and to be a paralysis of decision-making which I
hope the mayor [Boris Johnson] is going to cut through.

map

Close call: Upton Park is in the same borough as the Olympic Stadium but the NFL franchises are more than a short hop away

'I wouldn't say this is a Whitehall farce but this is fast becoming a Stratford farce.

'We want to lock into the legacy of
the Games while people still remember the Mobot, Greg Rutherford, Jonnie
Peacock and David Weir.

'Let's have a bit of imagination here
and let's have a decision – we want one, West Ham want one and we all
want it open as soon as possible.'

Johnson had opened talks with the NFL last month when four of their teams were in London playing regular-season games at Wembley.

The Treasury's refusal to hand over the 337
million Olympic-contingency underspend to help install retractable
seating is hampering West Ham's bid.

The retractable seating is expected
to cost in the region of 200 million and the Mayor will be expecting
any anchor tenant to make a significant contribution.

Boris takes to the microphone with opera singer Katherine Jenkins at Wembley before meeting New England Patriots and St Louis Rams

Boris takes to the microphone with opera singer Katherine Jenkins at Wembley before meeting New England Patriots and St Louis Rams

Boris takes to the microphone with opera singer Katherine Jenkins at Wembley before meeting New England Patriots and St Louis Rams

It is understood West Ham are willing
to offer more than 8million a year in rent and related payments in
addition to a reported multimillion lump sum.

The club are unable to reveal the true nature of their financial package due to confidentiality issues.

West Ham also believe that as several
other events will be taking place at the Olympic Stadium throughout the
next few years – such as the 2017 World
Athletics Championships – they should not be the sole party asked to
foot the bill.

A decision on the future of the
stadium was expected to be announced by the end of October but
negotiations are ongoing. Other contenders for the stadium tenancy are
Leyton Orient, a football business college and a group wanting to host a
Formula One race at the Olympic Park.

NFL want to beat West Ham to Olympic Stadium Americans

It was the home of Britain's greatest sporting triumphs, now the Mayor is in talks for the Olympic Stadium to be the new London home of America's NFL

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UPDATED:

19:29 GMT, 31 October 2012

The Olympic stadium in Stratford could become the London home of the NFL after talks involving Mayor Boris Johnson.

The ambitious plan is for NFL franchises to become the 'anchor tenant'. It would leave West Ham scuppered in their attempt to turn the East End venue in their new home.

'Sunday’s
game at Wembley, in front of more than 80,000 fans, further cements
London’s reputation as the natural home of American football outside of
the US,' the mayor's spokesman said.

Mayor Boris Johnson is heckled by protestors as he visits Bristol yesterday. West Ham fans may feel the same way about him.

Mayor Boris Johnson is heckled by protestors as he visits Bristol yesterday. West Ham fans may feel the same way about him.

West Ham's bid to take on the tenancy has hit a stumbling block and Johnson – the chairman of the London Legacy Development Corporation who operate the stadium – opened talks last weekend when four NFL teams were in London playing regular-season games at Wembley.

A spokesman for Johnson added: 'Given the ever-growing popularity of gridiron this side of the Atlantic the mayor and his team have held a number of meetings with senior executives in the last few days to explore further opportunities for NFL in London.

Up in the air: The future of the Olympic Stadium remains unclear

Up in the air: The future of the Olympic Stadium remains unclear

'The talks were exploratory and we are at an early stage but the signs are encouraging.'

West Ham are also looking to take over the anchor tenancy but the Treasury’s refusal to hand over the 337 million Olympic-contingency underspend to help install retractable seating is hampering their bid.

The retractable seating is expected to cost in the region of 200 million and the Mayor will be expecting any anchor tenant to make a significant contribution.

It is understood West Ham are willing to offer more than 8million a year in rent and related payments in addition to a reported multi-million lump sum.

The club are understood to be unwilling to reveal the true nature of their financial package due to confidentiality issues.

Touchdown: The NFL arrived in London last weekend

Touchdown: The NFL arrived in London last weekend

West Ham also believe that as several other events will be taking place at the Olympic Stadium throughout the next few years – such as the 2015 Rugby World Cup and the 2017 World Athletics Championships – they should not be the sole party asked to foot the bill.

A decision on the future of the stadium was expected to be announced by the end of October but negotiations are ongoing. Other contenders for the stadium tenancy are Leyton Orient, a football business college and a group wanting to host a Formula One race at the Olympic Park.

The NFL proposition is an attractive one as the stadium would only be required up to 10 times per year – compared to up to 25 times a year for football. This would free up time for other events such.

Boris takes to the microphone with opera singer Katherine Jenkins at Wembley on Sunday

Boris takes to the microphone with opera singer Katherine Jenkins at Wembley on Sunday

Boris meets the officials before kick-off between the New England Patriots and St. Louis Rams in London on Sunday

Boris meets the officials before kick-off between the New England Patriots and St. Louis Rams in London on Sunday

Bringing in other sports such as gridiron to the capital on a more regular basis is something that the Mayor's office are keen on exploring.

'Only last week the mayor, in conjunction with the NFL, announced an expansion from one to two regular-season matches in London from 2013. That means in total an additional 44 million in revenue for the capital from next year,' the Mayor’s spokesman added.

NFL want to beat West Ham to Olympic Stadium

West Ham could be pipped to the Olympic Stadium… by the NFL

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UPDATED:

11:47 GMT, 31 October 2012

NFL franchises have entered the running to become the anchor tenant of the Olympic Stadium after talks with London Mayor Boris Johnson were revealed.

West Ham's bid to take on the tenancy has hit a stumbling block and Johnson – the chairman of the London Legacy Development Corporation who operate the stadium – opened talks last weekend when four NFL teams were in London playing regular-season games at Wembley.

A spokesman for the Mayor told the Daily Telegraph: 'Given the ever-growing popularity of gridiron this side of the Atlantic the mayor and his team have held a number of meetings with senior executives in the last few days to explore further opportunities for NFL in London.

Up in the air: The future of the Olympic Stadium remains unclear

Up in the air: The future of the Olympic Stadium remains unclear

'The talks were exploratory and we are at an early stage but the signs are encouraging.'

West Ham are also looking to take over the anchor tenancy but the Treasury’s refusal to hand over the 337 million Olympic-contingency underspend to help install retractable seating is hampering their bid.

The retractable seating is expected to cost in the region of 200 million and the Mayor will be expecting any anchor tenant to make a significant contribution.

Despite remaining favourites to take
over the tenancy of the stadium, West Ham are thought to be unwilling to
cough up funds to help convert it into a football-friendly environment,
believing that it should be the responsibility of the landlords and not
the tenants.

Touchdown: The NFL arrived in London last weekend

Touchdown: The NFL arrived in London last weekend

West Ham also believe that as several other events will be taking place at the Olympic Stadium throughout the next few years – such as the 2015 Rugby World Cup and the 2017 World Athletics Championships – they should not be the sole party asked to foot the bill.

A decision on the future of the stadium was expected to be announced by the end of October but negotiations are ongoing. Other contenders for the stadium tenancy are Leyton Orient, a football business college and a group wanting to host a Formula One race at the Olympic Park.

The NFL proposition is an attractive one as the stadium would only be required up to 10 times per year – compared to up to 25 times a year for football. This would free up time for other events such.

In talks: The Mayor's office are keen to keep bringing the sport back to the capital

In talks: The Mayor's office are keen to keep bringing the sport back to the capital

Bringing in other sports such as gridiron to the capital on a more regular basis is something that the Mayor's office are keen on exploring.

'Sunday’s game at Wembley, in front of more than 80,000 fans, further cements London’s reputation as the natural home of American football outside of the US,' the Mayor’s spokesman added.

'Only last week the mayor, in conjunction with the NFL, announced an expansion from one to two regular-season matches in London from 2013. That means in total an additional 44 million in revenue for the capital from next year.'

Manchester United set for New York stock exchange

Glazers prepare for cash injection with Man United set for New York stock exchange

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UPDATED:

14:21 GMT, 9 August 2012

Fantasy football 2012

Manchester United are ready to kick off their stock market flotation in a move which could value the club at more than 2billion.

The club, bought by the Glazer family in 2005 for about 800million, will offer 16.7million shares, equal to a 10 per cent stake, which are set to price later at between 16 and 20 US dollars (10-12) before listing on the New York Stock Exchange on Friday.

United, who claim to have a global fanbase of about 660million and have won a record 19 English league titles, would be valued at 2.1bn at the top range, making it one of the world's most valuable sports teams.

Down to business: United will float on the New York Stock Exchange

Down to business: United will float on the New York Stock Exchange

The US-based Glazer family, which is set to make about 90million from the flotation, failed to garner sufficient demand in previous efforts to sell shares on exchanges in Hong Kong and Singapore.

Analysts at data provider Morningstar told the Financial Times that 10 dollars (6) a share would be a fair value, adding: 'Shares could trade at a significant premium to our fair value estimate if the market values the soccer team in line with other successful sports franchises.'

The remaining proceeds raised in the initial public offering (IPO) will be used to pay down some of the 134-year-old club's debt, which was last reported to be around 423m.

Although the listing has been planned for some time, the Glazer family originally claimed all the proceeds would go towards United's debt, angering fans.

A successful IPO would reportedly result in investors owning 42 per cent of the shares available but only carrying voting rights of 1.3 per cent.

Top man: Wayne Rooney is one of United hot properties

Top man: Wayne Rooney is one of United hot properties

Earlier this month, a leading Manchester United fans' group called for a boycott of the club's expanding portfolio of sponsors in protest at the planned flotation.

A statement from the Manchester United Supporters Trust (MUST) read: 'The Manchester United Supporters Trust has today called for a worldwide boycott of Manchester United sponsors' products, with support across the UK, Europe, Asia and the US.

'The boycott strategy is intended to send a loud and clear message to the Glazer family and club sponsors that, without the support and purchasing power of the fans, the global strength of the Manchester United brand doesn't actually exist.'

MUST have tried such tactics before during the Glazer regime, although it has not prevented the Red Devils' territory-specific approach allowing them to become the first club to smash through the annual 100m barrier for commercial revenue alone.

Jean de Villiers expecting brutal midfield battle against England

New Springbok captain De Villiers expecting brutal midfield battle against England pair

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UPDATED:

15:03 GMT, 8 June 2012

Jean de Villiers is expecting a tough baptism as South Africa captain when he comes up against England midfield pair Manu Tuilagi and Brad Barritt.

Springboks centre de Villiers was this week confirmed as captain for the three-Test series against England which begins in Durban on Saturday.

De Villiers has 72 caps and will partner another experienced performer in Frans Steyn, who has made 47 appearances, but he is anticipating a stern examination from England's centres.

Ready for battle: De Villiers (left) with midfield partner Frans Steyn

Ready for battle: De Villiers (left) with midfield partner Frans Steyn

The explosive Tuilagi has been identified as one of England's most likely match-winners and his new partnership with South African-born Barritt showed potential in this year's RBS 6 Nations.

De Villiers, 31, said: 'Manu Tuilagi has shown he is a massive threat on attack and defensively he is very solid as well.

'He has really formed a great partnership with Brad Barritt.

'Frans and I will have our work cut out tomorrow. It is going to be a tough day at the office but it is a challenge we are looking forward to.

'We are representing our country, they are representing theirs and that is what Test match rugby is all about.

Centre of excellence: De Villiers was full of praise for opposite man Manu Tuliagi (above)

Centre of excellence: De Villiers was full of praise for opposite man Tuliagi

'It is putting your bodies on the line and digging in for your country.'

De Villiers has dismissed fears the Springboks might be under-prepared going into their first match under new coach Heyneke Meyer at Kings Park.

Meyer's new-look squad only assembled for the first time earlier this week after a round of Super 15 matches last weekend.

De Villiers said: 'I really think we have had a fantastic week preparation-wise.

'We have only had three days but the camps Heyneke did during the year with the franchises has really worked and we are reaping the rewards now.'

New era: Meyer address his Springbok squad

New era: Meyer address his Springbok squad

South Africa, after a number of retirements and injuries, will begin the Meyer era with three new caps in their pack in flanker Marcell Coetzee and locks Juandre Kruger and Eben Etzebeth.

De Villiers said: 'For those guys making their debuts, it is a great a honour.
'They know they have worked hard to get here and they know all they need to do now is perform in the way they did for their franchises, then everything will go well on Saturday.

'I think when you represent your country there is always pressure and there is obviously a lot of pressure for tomorrow's game.

'But I don't think we are focusing on the result now. We know what we need to do as a team to perform well and hopefully then get the result.'