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.
May 22, 2015, 10:30 AM EDT
It’s that time of year again ladies and gents. Get ready for the rumors regarding European veterans heading to MLS.
May 22, 2015, 9:56 AM EDT
The Brazilian defender wants to put the record straight. David, over to you…
May 22, 2015, 9:00 AM EDT
After already winning two trophies this season, Chelsea cleaned up once again.
May 22, 2015, 8:20 AM EDT
After Sterling’s agent says his client will not sign a new deal at Liverpool, Reds boss is adamant he will remain at Anfield.
May 22, 2015, 7:45 AM EDT
The MLS weekend is upon, and that means just one thing, Americans: It’s time to support your domestic league.
May 22, 2015, 12:02 AM EDT
Firing one of the world’s elite managers, so you can hire a good-but-not-great replacement? Not smart, Real Madrid, not smart at all.
May 21, 2015, 10:57 PM EDT
According to Scholes, the solution to Man United’s goalkeeping problem is a no-brainer.
May 21, 2015, 9:47 PM EDT
Well done to Tottenham Hotspur for showing the necessary compassion and taking care of one of their own.
May 21, 2015, 8:24 PM EDT
The draw for the 4th round of the 2015 US Open Cup tossed up a couple of absolute doozies on Thursday night.
May 21, 2015, 7:23 PM EDT
Jack Grealish has a big decision to make in the not-so-distant future, and it’s going to affect the course of the rest of his career.
May 21, 2015, 5:29 PM EDT
Thierry Henry is riding Olivier Giroud very hard these days, claiming Arsenal will never win a PL title with him leading the line.
May 21, 2015, 3:25 PM EDT
Qatar isn’t the only World Cup host to make others upset.
May 21, 2015, 2:33 PM EDT
Sponsors hold the one true key to change in Qatar, and strong words are a start.
May 21, 2015, 1:50 PM EDT
Many European leagues have spots in the big dance still up for grabs.
May 21, 2015, 1:10 PM EDT
Jordon Ibe and Jon Flanagan both will stick around Anfield for a while longer.
May 21, 2015, 12:27 PM EDT
Only one candidate remains to battle Sepp Blatter, and it doesn’t look good.
May 21, 2015, 11:30 AM EDT
The man who’s been investigated by the FBI and green lit loads of allegedly corrupt ideas will continue to rule your favorite sport.
May 21, 2015, 10:41 AM EDT
The announcement is the final touch of a poorly-kept secret, and comes with the Copa del Rey and UEFA Champions League on the horizon.
May 21, 2015, 9:57 AM EDT
The Impact will be looking for their third-straight Canadian Championship, having defeated TFC and Vancouver in recent campaigns.
May 21, 2015, 9:03 AM EDT
Ward said every club in the Premier League would bid for Sterling (who has already reportedly turned down an offer worth $235,000 a week).
- Brendan Rodgers insists Raheem Sterling will remain at Liverpool 0
- US Open Cup draw: Sounders-Timbers, NYCFC-NY Cosmos highlight possible 4th-round clashes 0
- Agent: Sterling wouldn’t sign new Liverpool deal, even for $1.4 million a week 6
- Leicester, QPR, Burnley players earn England call-ups for June matches 2
- US Open Cup second round wrap: Several USL sides clipped by “minnows” 1
- Mats Hummels rejects Manchester United move, will stay at Dortmund 5