Breaking: Newham Council announces it will ”retire” from its co-ownership of the London Olympic Stadium & “accepts that its original £40m investment will not be repaid”! Says “massively underestimated costs of retractable seating” made it financially unsustainable. Astonishing pic.twitter.com/GDvUUzfu77

— Dan Roan (@danroan) December 1, 2017