Stadium fees shocker
FOLLOWING a World Cup in which every russian stadium staged its games with impressive efficiency, the never- ending fuss around the doomed london Stadium continues.
A freedom of information request has revealed the publicly funded london legacy Development Corporation have been paying corporate restructuring officer Alan Fort £10,000 a week since July 2017 to reduce losses and develop a new commercial strategy.
Fort, whose massive fees are a discount on his usual £4,000-a-day rate, has been mainly responsible for the hiring of another consultancy, Pragma, to produce a ‘vision for the stadium’, plus market research, at a cost of £77,000.
This ridiculous spend follows london Mayor Sadiq Khan’s promise to take control after a report last December found stadium operators e20 were losing more than £20m a year — almost 10 times more than West ham are paying annually as the anchor tenants.
An LLDC spokesman said: ‘The fees reflect Alan Fort’s experience in turning around struggling businesses and the current market rate.’