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Levy Reveals Actual Cost Of Olympic Stadium Bid At AGM

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Good morning.

The AGM is underway and thanks to the power of Twitter some info is already out.

@BenPearceSpurs is aSports journalist covering Spurs and other teams/sportspeople for the Tottenham Journal, Ham&High, Hackney Gazette and London24.com.

In summary as far as the England job and our fearless manager are concerned, Levy stated that Arry has 18 months remaining on his contract.

An interesting figure that I’m pleased to see in the public domain at last is that the failed Olympic Stadium bid cost the Club £1.7m.

So to all the Moaning Minnies out there, please look at this figure in footballing terms, not as if someone had just picked it from your own pocket. 

The NDP? Great quote from Citizen Levy,  ‘Failure is not an option. We will find a way to get this project done’.

BIOYC!

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48 comments

  • seattlespursguy says:

    From the Telegraph:

    Levy was asked if the club had been duped into bidding, a process that cost more than £1.7 million.

    Levy replied: “We were certainly encouraged to bid for the stadium. Knowing what we know now about the terms of the government’s requirement to retain the track, had we known that at the beginning we would never have bid.”

    Sir Keith Mills, a Tottenham director as well as deputy chairman of the London 2012 organising committee, agreed that the club had been encouraged at the highest level.

    “We were encouraged by the mayor, government and the Olympic Park Legacy Company to bid for a stadium that did not require a track, but what became apparent through the bid process was that actually a track was a pre-requisite.”

  • Aarongodlikelennon says:

    It was worth twice that amount just to ensure the spammers don’t end up with the biggest real estate subsidy the sports world ever saw, imo! At least now they won’t be able to reneg’ on the running track inclusion or build something better on the prime land at a knock-down price. And let’s remember, it could have been a lot worse – we could have moved to East London with the other pikeys. All’s well that ends well!

  • LosLorenzo says:

    £1,7m
    “please look at this figure in footballing terms”

    -Enough to pay J****’s wages for a year (I realise Villa are doing this at the moment, but he has time left on his contract. And seriously – who’s going to buy him?).

    -Enough to cover a transfer fee for Adeboy’s left arm.

    -Enough to cover Suarez’ legal fees.

    -Enough for a decent piss-up for Ledley & friends.

  • subho007 says:

    Liked your blog very very much.. hope to get more updates from you

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