Mar 21, 2013, 5:12 PM EDT
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.
Jul 28, 2015, 10:08 PM EDT
Close to 80,000 saw Barcelona move to 1-2 in three ICC matches. Barca finishes off its tourney vs. Fiorentina in Florence on Aug. 2.
Jul 28, 2015, 9:16 PM EDT
Thank goodness Haris Vuckic’s brother follows his career over the web.
Jul 28, 2015, 7:16 PM EDT
Something tell us the exhibit won’t bring in the same sort of interest as the actual wall from the St. Valentine’s Day Massacre, but it does fit the bill of organized crime.
Jul 28, 2015, 6:11 PM EDT
Here’s hoping MLS makes the idea of this contest laughable in the next decade, if not sooner. Like tomorrow.
Jul 28, 2015, 5:39 PM EDT
Who takes over the ship, one in which the majority of the hands reportedly liked playing for Herrera?
Jul 28, 2015, 4:27 PM EDT
Will they hold onto Stones and Coleman? If so, expect Everton to be in the Europa League discussion and to make a healthy bid for both Cups.
Jul 28, 2015, 3:30 PM EDT
The nation has now changed men’s national team managers 15 times since 2000, and only two of those changes were caretaker moves.
Jul 28, 2015, 1:59 PM EDT
Here’s a look at some of the top deals from another busy day across Europe.
Jul 28, 2015, 1:05 PM EDT
Legendary French midfielder is red-hot favorite to replace Blatter.
Jul 28, 2015, 12:35 PM EDT
Can the Eagles surprise everyone again? With Cabaye running the show, don’t rule it out.
Jul 28, 2015, 11:25 AM EDT
The latest gossip includes a cryptic message from Benzema.
Jul 28, 2015, 10:30 AM EDT
Mourinho: “In my opinion he should be in the top three.”
Jul 28, 2015, 9:54 AM EDT
England international has been ripping it up for City in preseason.
Jul 28, 2015, 9:20 AM EDT
Mourinho’s men are hungry for trophies. All of them.
Jul 28, 2015, 8:15 AM EDT
Putin: “People like Mr Blatter deserve special recognition.”
Jul 27, 2015, 9:45 PM EDT
The Premier League’s big boys each play once more in the USA before heading back to England for the start of the new season.
Jul 27, 2015, 8:39 PM EDT
Afellay makes four ex-Blaugranas on the books at Stoke, where Mark Hughes is aiming for European qualification.
Jul 27, 2015, 7:56 PM EDT
As Bayern chase their fourth straight Bundesliga title (it would be a first), Mats Hummels says the league’s other teams need to stop fearing them.
Jul 27, 2015, 6:06 PM EDT
Drogba has arrived in MLS, and he even got to choose which team he’ll play for — kinda.
- Chelsea 2-2 Barcelona: Good-looking goals to spare in Maryland (video) 0
- Official: Miguel Herrera fired by Mexico days after Gold Cup win, alleged attack on journalist 11
- Tuesday’s Transfer Rumor Roundup: Benzema to Arsenal, Berahino to Tottenham 5
- Premier League 2015-16 season preview: Chelsea 1
- Russian president Vladimir Putin believes Sepp Blatter deserves Nobel Prize 6
- Monday’s Transfer Rumor Roundup: PSG’s $133 million Ronaldo bid, Stones to Chelsea 2