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Vinci lands 25-year Olympic Stadium contract

French company Vinci Stadium has been awarded a 25-year contract to manage and operate the former Olympic Stadium, the venue which acted as the centrepiece of London’s staging of the 2012 Olympic and Paralympic Games.

Vinci Stadium, a subsidiary of Vinci Concessions, will be responsible for all aspects of running and managing the stadium on day to day basis as well as bringing in new events and activity. It will work with the E20 Stadium Partnership – a joint venture between the London Legacy Development Corporation (LLDC) and Newham Council – to ensure the stadium is ready to host English Premier League football club West Ham United and UK Athletics in 2016, as well as Rugby World Cup 2015, and the World Athletics Championships and International Paralympic Committee’s (IPC) Athletics World Championships, which both take place in 2017.

Vinci Stadium currently operates a network of stadia in France including the Stade de France in Paris, the Allianz Riviera in Nice, the New Bordeaux Stadium and the MMArena in Le Mans. Pierre Coppey, chief operating officer of Vinci, said: “The E20 Stadium LLP awarded the contract to run the former Olympic Stadium to Vinci Stadium in recognition of Vinci's expertise and the business model it has developed for the operation of multi-purpose arenas, including the Stade de France.

“In addition to broadening the range of events offered at this amazing venue, Vinci Stadium will work with the E20 Stadium Partnership to develop and revitalise East London for the benefit of citizens.”

The stadium is currently being transformed into a multi-use venue. It will host five matches during this year’s Rugby World Cup before fully re-opening in 2016 when it will become the home of West Ham and the national competition venue for UK Athletics.

In October, the LLDC agreed a revised and increased contract with contractor Balfour Beatty over refurbishment work on the stadium. The value of the Balfour Beatty contract was increased by £35.9m (€45.3m/$57.9m) to £189.9m – a move that pushed the overall cost of the facility up to £619m.

The contract was amended after Balfour Beatty cited the complexity of work relating to extending the roof of the stadium to cover retractable seating over the running track. This feature will form a central part of the plans to convert the venue for use by West Ham for the start of the 2016-17 football season.

Commenting on Vinci Stadium’s appointment, West Ham vice-chairman Karren Brady said: “Managing the basic day-to-day operations at a Premier League football stadium is a unique challenge, so we will be passing on our extensive experience and expertise to Vinci to ensure they provide the same high levels of service our supporters have become accustomed to at the Boleyn Ground.

“While Vinci will manage the functional aspects of the matchday operation, we will still be overseeing the overall supporter experience to make sure watching West Ham remains one of the very best days out in the Premier League.”