Mayor of London Sadiq Khan has agreed to take control of the London Stadium and will renegotiate deals following an independent review that exposed ‘a catalogue of errors’ made by Boris Johnson.
The review was published on Friday morning, and it said that the deals and decision made by the former Mayor of London and his administration led to massively increased costs over conversion after the London 2012 Olympics.
It said that conversion from an athletics stadium to football ground, including removable seating, cost £323million – when the original estimate was £190m – and described the deal that was made as a ‘bungled decision' that has left the taxpayer to foot an annual loss of around £20m.