At the time of
the London Olympics there were some who
claimed that the figures did not add up.
Also that the promised legacy may have serious costs to be added to the
claimed figure.
Ross Clark in the Spectator spells out the gruesome reality of what is going
on at the Olympic Stadium. He asserts
that West Ham United is getting at least a £175 million subsidy to use it as a
home ground.
If it is lucky
this amounts to 25 to 30 home games a year each of 90 minutes with a small
amount of added time and on rare occasions extra time and penalty shoot outs.
What is deeply
worrying is that this kind of financial thinking is not simply a minor set of
errors it is endemic almost across the board in public finances.
To the cost of
all of us.
HS2 springs to mind. We'd better start saving now.
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