Mar 21, 2013, 5:12 PM EST
A white elephant is an idiom for a valuable but burdensome possession of which its owner cannot dispose and whose cost (particularly cost of upkeep) is out of proportion to its usefulness or worth.
The most common form of white elephants these days is Olympic and World Cup Stadiums and the planet is full of them. From Athens to Beijing to Cape Town and for a brief moment London. Empty, unused and unloved venues sit and rot while costing the unsuspecting tax payer millions every year in maintenance costs.
I mention London because today West Ham United signed a 99-year lease that will see them become the major tenants of one of London’s most iconic images, the Olympic Stadium in the East End.
The Hammers have beaten out Tottenham and for the time being, tiny Leyton Orient, although O’s chairman, Barry Hearn may have one final say in the matter and will leave their longtime home of Upton Park (1905).
The clubs attendance has the chance to sky-rocket from the current 35,000 to 60,000 depending on the configuration of the venue that must still maintain a running track. The conversion will supposedly allow football and athletics to co-exist peacefully. The cost is rumored to be around $250 million which, surprise, surprise, the tax payer will probably be on the hook for.
The whole project stinks though and in my opinion is nothing more than a boondoggle. When the idea of the Olympic Stadium was first floated, ground sharing with a football team was put forward as a logical solution for the stadium post-Olympics but was shot down by the Athletic crowd.
A lot of money would’ve been saved if a handful of people weren’t completely stuck up inside their own importance.
I wish West Ham the best of luck although getting a state-of-the-art stadium for next to peanuts looks like they’ve already had a fair portion.
Dec 19, 2014, 8:00 PM EST
The opening weekend of MLS play features Orlando City SC and New York City FC facing off in a battle of expansion teams.
Dec 19, 2014, 7:10 PM EST
Newcastle and Sunderland may be bitter rivals, but their managers are telling supporters to behave on Sunday.
Dec 19, 2014, 6:20 PM EST
The Blues’ boss said his Belgian playmaker can become a Chelsea legend, but must win titles first.
Dec 19, 2014, 5:30 PM EST
England’s number one keeper finally put pen to paper with a new deal that will keep him at the Etihad until 2019.
Dec 19, 2014, 4:40 PM EST
The Leicester City boss was also fined $15,000 by the FA following his altercation with a fan.
Dec 19, 2014, 3:55 PM EST
CR7 and Howard, it seems, are among the few blessed with tons of talent and even more desire to work.
Dec 19, 2014, 3:20 PM EST
In the Premier League, Brad Guzan is tasked with keeping Manchester United off the scoreboard.
Dec 19, 2014, 2:05 PM EST
Orlando City founder and president Phil Rawlins described Shea as a big addition to the squad.
Dec 19, 2014, 1:43 PM EST
Altidore’s production for his country and in the Eredivisie prove he’s a much better player than his horrible spell at Sunderland.
Dec 19, 2014, 12:52 PM EST
According to The Daily Express, Man Utd’s man if Mats Hummels won’t come over from Borussia Dortmund is Nicolas Otamendi of Valencia.
Dec 19, 2014, 12:00 PM EST
Where and how to watch all the PL games during Week 17.
Dec 19, 2014, 11:38 AM EST
“He had to make a step back in his recovery,” said Southampton boss Ronald Koeman.
Dec 19, 2014, 10:50 AM EST
Villa Park hasn’t been a fortress for the Villans, and that’s underlined when bigger teams visit.
Dec 19, 2014, 10:10 AM EST
Sporting also added Hungarian striker Kristian Nemeth and Haitian mid James Marcellin.
Dec 19, 2014, 10:02 AM EST
Here’s how PST’s lead writer and editor sees things panning out this weekend.
Dec 19, 2014, 9:06 AM EST
Mangala on visitors to the Etihad: “Normally, teams that are coming here play more defensively.”
Dec 19, 2014, 8:05 AM EST
And to think, all it took was months and months of continuous anger and frustration from nearly everyone who wasn’t a part of FIFA itself.
Dec 19, 2014, 7:45 AM EST
FIFA rankings… what a riot!
Dec 18, 2014, 11:50 PM EST
Luke Shaw is ready to make his return after nearly a month out of action.
Dec 18, 2014, 10:21 PM EST
Mix Diskerud is on the move, and he may be headed south of the border.
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