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It's a real tragedy money gives you power over so many people's lives. I don't really care that some weirdo can buy himself 100 ugly cars, but that they can butt their incompetence and degenerate ideas into healthcare, care homes and the like is disgusting.
I work with business owners and when we are prospecting potential clients we often search for local profit making businesses and look at their accounts online.
Often blows my mind how much profit companies in the care and childcare sectors make. Particularly when you regularly see articles about how badly run they are.
I'm not very left wing but it should not be a private industry imo.
Who’s bald, surname has four letters, starting with an L, ending with a Y and also has an E in it….apparently will use it exclusively as storage for very large amounts of cash and 10,000 wheelbarrows
Who's Leny?Who’s bald, surname has four letters, starting with an L, ending with a Y and also has an E in it….apparently will use it exclusively as storage for very large amounts of cash and 10,000 wheelbarrows
It just screams West Ham. Bit of money but no idea on style or class.Just your average careworkers doing their part..................
Fucking hell, how much has he spent on that caravanJust your average careworkers doing their part..................
but still can’t hide the microwave
Solicitors sued over their role in West Ham’s ‘deal of the century’
Martyn Ziegler, Chief Sports Reporter
Tuesday January 09 2024, 5.15pm, The Times
Law
London
Premier League
Football
The law firm that allowed West Ham United to pull off the “deal of the century” in renting the London Stadium appears to have paid a seven-figure out-of-court-settlement to the publicly owned company that operates the venue.
E20 Stadium LLP, the commercial arm of the London Legacy Development Corporation, sued Allen & Overy ― who were acting on its behalf ― for £12 million for alleged negligence. The law firm denied any negligence but the case was settled before it went to court.
The settlement was confidential but E20 Stadium’s latest annual accounts indicate it could be worth as much as £2 million.
The stadium deal has been widely criticised: the agreement struck by West Ham and signed off by then London mayor Boris Johnson in 2013 was for an initial index-linked rent of £2.5 million per year for 99 years. One London Assembly member described it as the “deal of the century” for West Ham.
The Premier League club’s lease payments were £3.6 million last season but they do not have to pay for heating, cleaning, maintenance, or even the cost of goalposts and corner flags, and keep all the ticket money.
It costs London taxpayers about £100,000 per match and the concession agreement did not even oblige West Ham to pay more in rent when the stadium’s capacity increased from 53,500 to 62,500.
E20 Stadium’s annual report states: “During 2022-23, E20 Stadium LLP commenced legal proceedings against Allen & Overy for their role in drafting the London Stadium concession agreement. This dispute was settled before a court hearing.
“The details of the settlement are confidential; however, the related transactions are recognised in the 2022-23 financial statements (within exceptional income).”
E20’s accounts show that it received £8.5 million as “exceptional income” in 2022-23 compared to zero the year before. Of that, £6.5 million came from West Ham as part of a penalty clause in the concession agreement which had to be paid when the Czech businessman Daniel Kretinsky took a 27 per cent stake in the club.
The remaining £2 million appears to be income from the out-of-court settlement from the law firm as the accounts do not make reference to any other “exceptional income”. West Ham is also contesting £3.95 million of the £6.5 million it paid in March last year under the stadium lease penalty clause.
The LLDC’s annual accounts show it provided £26 million to E20 Stadium for its “operational and capital requirements”. The accounts also state the stadium’s “fair value is assessed to be nil due to the level of costs included in E20 Stadium LLP’s long-term forecasts”.
The LLDC’s chief executive, Lyn Garner, told the London Assembly last March that “like it or not” the stadium will operate “at a deficit year-on-year”. She also said she was “very confident” that the LLDC would finally agree a naming rights deal for the stadium in 2023, but that failed to get done.
Garner admitted that even if a naming rights deal were to be achieved, it would still leave an annual operational loss of £8 million to £10 million for the stadium.
Martyn Ziegler, Chief Sports Reporter
Tuesday January 09 2024, 5.15pm, The Times
Law
London
Premier League
Football
The law firm that allowed West Ham United to pull off the “deal of the century” in renting the London Stadium appears to have paid a seven-figure out-of-court-settlement to the publicly owned company that operates the venue.
E20 Stadium LLP, the commercial arm of the London Legacy Development Corporation, sued Allen & Overy ― who were acting on its behalf ― for £12 million for alleged negligence. The law firm denied any negligence but the case was settled before it went to court.
The settlement was confidential but E20 Stadium’s latest annual accounts indicate it could be worth as much as £2 million.
The stadium deal has been widely criticised: the agreement struck by West Ham and signed off by then London mayor Boris Johnson in 2013 was for an initial index-linked rent of £2.5 million per year for 99 years. One London Assembly member described it as the “deal of the century” for West Ham.
The Premier League club’s lease payments were £3.6 million last season but they do not have to pay for heating, cleaning, maintenance, or even the cost of goalposts and corner flags, and keep all the ticket money.
It costs London taxpayers about £100,000 per match and the concession agreement did not even oblige West Ham to pay more in rent when the stadium’s capacity increased from 53,500 to 62,500.
E20 Stadium’s annual report states: “During 2022-23, E20 Stadium LLP commenced legal proceedings against Allen & Overy for their role in drafting the London Stadium concession agreement. This dispute was settled before a court hearing.
“The details of the settlement are confidential; however, the related transactions are recognised in the 2022-23 financial statements (within exceptional income).”
E20’s accounts show that it received £8.5 million as “exceptional income” in 2022-23 compared to zero the year before. Of that, £6.5 million came from West Ham as part of a penalty clause in the concession agreement which had to be paid when the Czech businessman Daniel Kretinsky took a 27 per cent stake in the club.
The remaining £2 million appears to be income from the out-of-court settlement from the law firm as the accounts do not make reference to any other “exceptional income”. West Ham is also contesting £3.95 million of the £6.5 million it paid in March last year under the stadium lease penalty clause.
The LLDC’s annual accounts show it provided £26 million to E20 Stadium for its “operational and capital requirements”. The accounts also state the stadium’s “fair value is assessed to be nil due to the level of costs included in E20 Stadium LLP’s long-term forecasts”.
The LLDC’s chief executive, Lyn Garner, told the London Assembly last March that “like it or not” the stadium will operate “at a deficit year-on-year”. She also said she was “very confident” that the LLDC would finally agree a naming rights deal for the stadium in 2023, but that failed to get done.
Garner admitted that even if a naming rights deal were to be achieved, it would still leave an annual operational loss of £8 million to £10 million for the stadium.
Shock horror!!
A Bunter contract that goes tits up!!
(Bridge to Nowhere; Cable Car to Nowhere; Water Cannons with no license....)
Just your average careworkers doing their part..................
I used to watch the Real Housewives of Cheshire when she was one of the housewives, before she shacked up with that hobbit.
She used to be an exotic dancer or something like that.
Fucking hell….i think I’ve found the buyer for Ndombelly….Solicitors sued over their role in West Ham’s ‘deal of the century’
Martyn Ziegler, Chief Sports Reporter
Tuesday January 09 2024, 5.15pm, The Times
Law
London
Premier League
Football
The law firm that allowed West Ham United to pull off the “deal of the century” in renting the London Stadium appears to have paid a seven-figure out-of-court-settlement to the publicly owned company that operates the venue.
E20 Stadium LLP, the commercial arm of the London Legacy Development Corporation, sued Allen & Overy ― who were acting on its behalf ― for £12 million for alleged negligence. The law firm denied any negligence but the case was settled before it went to court.
The settlement was confidential but E20 Stadium’s latest annual accounts indicate it could be worth as much as £2 million.
The stadium deal has been widely criticised: the agreement struck by West Ham and signed off by then London mayor Boris Johnson in 2013 was for an initial index-linked rent of £2.5 million per year for 99 years. One London Assembly member described it as the “deal of the century” for West Ham.
The Premier League club’s lease payments were £3.6 million last season but they do not have to pay for heating, cleaning, maintenance, or even the cost of goalposts and corner flags, and keep all the ticket money.
It costs London taxpayers about £100,000 per match and the concession agreement did not even oblige West Ham to pay more in rent when the stadium’s capacity increased from 53,500 to 62,500.
E20 Stadium’s annual report states: “During 2022-23, E20 Stadium LLP commenced legal proceedings against Allen & Overy for their role in drafting the London Stadium concession agreement. This dispute was settled before a court hearing.
“The details of the settlement are confidential; however, the related transactions are recognised in the 2022-23 financial statements (within exceptional income).”
E20’s accounts show that it received £8.5 million as “exceptional income” in 2022-23 compared to zero the year before. Of that, £6.5 million came from West Ham as part of a penalty clause in the concession agreement which had to be paid when the Czech businessman Daniel Kretinsky took a 27 per cent stake in the club.
The remaining £2 million appears to be income from the out-of-court settlement from the law firm as the accounts do not make reference to any other “exceptional income”. West Ham is also contesting £3.95 million of the £6.5 million it paid in March last year under the stadium lease penalty clause.
The LLDC’s annual accounts show it provided £26 million to E20 Stadium for its “operational and capital requirements”. The accounts also state the stadium’s “fair value is assessed to be nil due to the level of costs included in E20 Stadium LLP’s long-term forecasts”.
The LLDC’s chief executive, Lyn Garner, told the London Assembly last March that “like it or not” the stadium will operate “at a deficit year-on-year”. She also said she was “very confident” that the LLDC would finally agree a naming rights deal for the stadium in 2023, but that failed to get done.
Garner admitted that even if a naming rights deal were to be achieved, it would still leave an annual operational loss of £8 million to £10 million for the stadium.
I wouldn't have thought convicted criminal Sullivan would be allowed anything to do with care homes? Enhanced DBS requirements