Former European champions set to be offered 70,000-seater new stadium as mayor backs ‘$1billion' new project
FORMER European champions Hamburg could be offered a brand new stadium as part of Germany's Olympic bid.
The city is set to enter the race to become the nominee for Germany for the second time.
2
2
Hamburg residents previously rejected the opportunity to become the select city for Germany to host the games at the ballot box in 2015.
But now they could be persuaded by the promise of a new stadium, which would become home to Hamburg after the Games.
The new $1billion arena could boast a capacity between 60,000 to 70,000.
And it will be built even if Germany's bid to host the summer Olympics fails, according to Germany Interior Senator Andy Grote.
Hamburg mayor Peter Tschentscher has backed the project and handed over the necessary bid documents to the DOSB - Germany's Olympic body.
He said: "The bids of previous decades consisted of a city being rebuilt to accommodate the Olympic Games. And we reversed this principle."
The city shouldn't adapt to the Games, "but rather we adapt the Olympic concept to our city," he added.
The new stadium would be built right next to Hamburg's iconic Volksparkstadion, which has been their home since 1953.
A refurbishment of the ground was completed in 2000 for the 2006 World Cup - it seats 57,000 fans.
Germany's Olympic body still needs to decide whether to bid for the 2036, 2040 or 2044 Summer Games.
Germany last hosted the Olympics in 1972 in Munich.
Bids from Berlin for 2000 and Leipzig for 2012 failed, while Munich's bid for the 2022 Winter Games was also stopped by a referendum.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
35 minutes ago
- Daily Mail
Florian Wirtz, Bruno Fernandes and Cristiano Ronaldo involved in Sky Bet Price Boost ahead of Germany's Nations League clash against Portugal
Germany's Nations League semi-final against Portugal on Wednesday night is sure to enjoy higher-than-expected viewing figures on account of Florian Wirtz's imminent move to Liverpool. The 22-year-old is closing in on a British-record transfer to the Premier League champions, with the fixture against Portugal providing an opportunity for many of the club's fans to get excited about their soon-to-be star man. Ahead of the clash, Sky Bet are offering a Price Boost involving the playmaker, as well as Bruno Fernandes and Cristiano Ronaldo as Germany and Portugal bid to reach Sunday's final in Munich. Priced at 9/2, Sky Bet's Featured Price Boost requires Wirtz, Fernandes and Ronaldo to have 1+ shot on target each in 90 mins. Wirtz (3), Fernandes (2)and Ronaldo (5) combined for 10 shots on target in their last start for their respective countries. Germany are favourites to win the contest, priced at 4/9, with Portugal at 13/8 to progress to the final. Elsewhere, Sky Bet are offering a further three Price Boosts for the contest, including Diogo Costa - who has been linked with a move to Manchester City - to make 5+ saves in 90 mins, 2+ shots on target for each team in each half in 90 mins and Ronaldo to score 2+ goals in 90 mins. These have been boosted to 11/4, 11/2 and 12/1 respectively. Sky Bet odds for Germany vs Portugal: Winner of the Tie: Germany 4/9 Portugal 13/8 Sky Bet Price Boosts for Germany vs Portugal: Wirtz, Fernandes and Ronaldo 1+ shots on target each in 90 mins WAS 11/4 NOW 9/2 Diogo Costa 5+ saves in 90 mins WAS 2/1 NOW 3/1 2+ shots on target each team in each half in 90 mins WAS 3/1 NOW 5/1 Cristiano Ronaldo to score 2+ goals in 90 mins WAS 10/1 NOW 11/1 All odds are correct at the time of publication
Telegraph
41 minutes ago
- Telegraph
‘Why should we have to downsize?': How boomers became the victim generation
We're looking for readers in different generations to talk about change within their families, such as a grandparent and grandchild's experiences of buying their first home. To get involved, email us at money@ Baby boomers have nothing to complain about. Bumper pensions. Free university education. House prices that have gone through the roof. Some of them even got to see The Beatles. This, at least, is the idea that's caught fire over the last 20 years, a period in which the debate about inequality in Britain has been reframed as a tug-of-war between generations. Boomers – the post-war cohort born between 1946 and 1965 – are blamed for hoarding wealth after winning the economic lottery. The losers are said to be Generation Z and millennials – born between 1980 and 2009 – who face sky-high mortgages and record-breaking rents, stagnating wages, massive student debt and outrageous student loan repayments, plus an unstable jobs market. There is a stigma attached to being a 'boomer', which has become shorthand for greedy, entitled and out of touch. Boomers have been accused of 'stealing their children's futures' by taking more than their fair share. Many believe they are unfairly victimised – pilloried for their wealth, and told to downsize out of their house to make way for younger families. But are they right to feel that way? 'Divisive and harmful tensions in society' A report by the House of Commons' Women and Equalities Committee in February confirmed what many older citizens have experienced first-hand. It found 'clear evidence' of ageist stereotyping across British media, with debates about intergenerational fairness tending to pit younger and older generations against each other in a 'perceived fight for limited resources'. The report went on: 'Older people are also frequently stereotyped as wealthy 'boomers' living comfortable lives in homes they own while younger generations struggle on low incomes, unable to afford to enter the housing market and struggling with high rents.' These 'narratives', the committee said, have fuelled 'divisive and harmful tensions in society'. This resentment doesn't come from nowhere. Recent figures released by the Office for National Statistics (ONS) showed that boomers are by far Britain's richest cohort. The average wealth of households aged 65 to 74 is £502,500 – more than 30 times that of Gen Zs aged 16 to 24, who typically have £15,200. Boomers' wealth is also 4.6 times greater than those aged 25 to 34, who are mainly younger millennials, with £109,800. This may not seem very surprising given older people have had a lifetime to accumulate savings, homes and pensions. 'There's an extremely strong life-cycle component to wealth,' says Simon Pittaway, a senior economist at The Resolution Foundation think tank. 'Most people start working lives with very little, build it up through peak working years then run it down in retirement. 'This has been the case for a long time. But we're seeing that profile getting starker.' The gap between the generations has grown since the financial crisis, which is often blamed on the boomers, who, the argument goes, were steering the ship at the time. A Resolution Foundation study found that between 2006-08 and 2018-20, median wealth among Britons in their 60s rose by 55pc in real terms, but median wealth for those in their 30s fell by 34pc. At the same time, the share of Britain's wealth held by the under-40s has fallen from 7.5pc in 2010 to 4pc today. It's statistics like these that mean boomers are often implored to give away their hoarded wealth, or downsize into smaller properties to make room for young families. 'Older people aren't hoarding – they're just afraid of change' John Griffiths, 80, insists his generation is in fact supremely generous – and shouldn't be discriminated against for having done well. 'It's a gimmick in the financial media to blame the boomers,' he says. 'It's not our fault property went up the way it did in the 60s and 70s. [The house price rises] drove most of us out of London.' Griffiths was born shortly after VE Day in May 1945, putting him right on the cusp of the boomer bracket. 'I tend to count myself as one of them,' he says. After training as a chemical engineer, he spent 20 years in the gas industry and the North Sea designing and building offshore oil facilities. He went on to found his own marine energy consultancy, advising clean energy firms and governments on how to best harness the power of waves and tides. He retired five years ago at the age of 75. His successful career has allowed him to pass on lump sums totalling £500,000 to his three children, who are in their 40s and 50s and have children themselves. A large part of his financial security derives from property wealth. The house in Wimbledon that he bought with his wife Valerie in 2006 for £545,000 is now worth £1.3m. Homeowners aged 60 and over hold more than half of the nation's owner-occupied housing wealth, totalling an estimated £2.89 trillion, according to estate agents Savills. Two thirds (67pc) of homeowners aged 65 and over have two or more spare rooms in their property, even as a shortage of affordable housing prevents young families from buying their first home. The Tony Blair Institute think tank has called for larger properties to be taxed more to encourage owners to downsize. But Griffiths believes pressuring older people to vacate their homes is unfair. 'It doesn't sit well with me. I don't think older people are hoarding. They stay where they are because they're afraid of change. 'Many don't have supportive families to help them, and are stuck where they are.' The rise of boomer bashing Dr Jennie Bristow, a reader in sociology at Canterbury Christ Church University, traces boomer bashing back to the collapse of traditional political frameworks at the end of the 20th century. 'From the 1990s, we started trying to explain societal problems that went beyond Left and Right,' she says. 'It's still playing out now in the culture wars.' It was a time when demographic anxieties were spreading across the Western world. Ageing populations mean relatively fewer younger workers supporting the swelling ranks of elderly pensioners through the welfare system. Old-versus-young became the salient faultline. 'The narrative that emerged was that the 2008 financial crisis was due to policy decisions, and also cultural individualism, that was personified by the baby boomer generation. These are the people who are hoarding wealth and will benefit from big pensions. 'For the Right, it's an argument for restructuring the welfare state. And for the Left, it's used as a reason for more welfare and less Thatcherite individualism. It brought those two opposites together.' Bristow believes anti-boomer sentiment peaked in 2010, the year that David Willetts, a former Tory MP turned public intellectual, published an influential book called 'The Pinch: How the Baby Boomers Stole Their Children's Future'. She says the tendency to blame the boomers has turned into a 'frenzy' that ignores inequalities within generational cohorts. 'The boomers associated with the 1960s generation, born straight after the war, did reap a lot of the benefits of that time. There were a lot of possibilities, economic opportunities, and they ended up with good pensions. But not everyone was part of this. It was actually quite a narrow section of society. 'Younger boomers came of age in the far more pessimistic 1970s. Yes, people got grants for university, but only 7pc of the cohort went.' 'I get sick of boomers blaming young people' Richard Merry was born in 1955, putting him right in the middle of the boomer generation. After leaving school at 16, Merry joined the armed forces, eventually becoming a member of a special army unit that sent him all over the world during a 50-year career. He has worked hard to retire three years ago in relative comfort, but acknowledges that younger generations have a tougher ride in many ways. 'People just don't earn that sort of money any more,' the 69-year-old says. 'I get a little bit sick with the boomers saying that it's young people's own fault for not getting on the property ladder.' Merry bought a three-bedroom semi-detached house in south-east London for £77,000 in 1990. It is now worth over £1m. It was easily affordable on his salary of around £32,000, equivalent to £80,000 today. 'My children, both in their 30s, work incredibly hard and lead tough lives. You simply can't compare property prices and deposits now to what they were.' But it's not all plain sailing for his generation. Care costs, for instance, are 'crucifying' the boomers, he says. His own mother's old age care cost £320,000 over three years – money that would have gone to Merry and his sister. They had to sell their mother's home to pay for it. 'All the talk is that boomers are hoarding wealth, but we're going to be skinned alive when it comes to care costs.' On tax and earnings too, it hasn't been the easiest of rides. 'People at the bottom benefitted from increases in the minimum wage, but middle earners like me have had the stuffing kicked out of them.' Boomers have 'rigged the game in their favour' On the contrary, Angus Hanton, of the Intergenerational Foundation think tank, believes boomers have 'heavily rigged the game in their favour' over decades by repeatedly voting in governments that have given them a good deal. 'Boomers have fought tooth and nail to protect their interests,' he says. 'We can see that most starkly in how the tax system is structured – what's taxed heavily is earned income. Younger working people pay income tax at a high rate from a low level of earnings, plus National Insurance and student loan repayments, which is basically a tax. 'But unearned income is taxed very lightly – money in Isas and Sipps, and capital gains tax is half the rate of income tax.' Hanton, a boomer himself, rejects the idea that the focus on competing age groups squeezes out other factors from the conversation – like class, race or gender. 'Generational inequality is a really important lens and we shouldn't refuse to look through it just because there are other lenses available.' Evidence suggests that many younger people are looking at the world – and their claim on the material wealth of their elders – through this lens. Research by Moneyfarm, an investment platform, found that two in five millennials fear their parents were frittering away 'their' inheritance, while a fifth said their 'spendthrift' parents were selfish for failing to consider their children or grandchildren's economic wellbeing. Meanwhile, 61pc of Gen Z feel they have to work harder than their parents did, according to YouGov polling. The reality is that many young people will benefit indirectly from the economic success of their parents and grandparents. A much-cited report from estate agents Knight Frank found that millennials are set to become the 'richest generation in history', thanks to the steep rise in the value of property assets accumulated by the generations before them which will be passed on when they die. Yet Bristow points out that even if millennials as a group are in line for a huge windfall, the only ones who will actually benefit are those with well-off parents who rode the property wave. Boomers, too, all tend to be tarred with the same brush. 'You can look at it two ways, generationally,' she says. 'Not all older people are wealthy. So saying boomers have stolen their children's future doesn't stack up.'
The Guardian
44 minutes ago
- The Guardian
Lizzie Deignan ‘emotional' as she prepares for final race in Britain
An emotional Lizzie Deignan will end her years racing on home roads with a farewell appearance in the four-day Tour of Britain, which begins in Dalby Forest. 'I'm really pleased that the race starts in Yorkshire and finishes in Glasgow, because I've got amazing memories of my career there,' she said. 'I'm really excited about it.' The 36-year-old retires at the end of this season and described herself as 'incredibly emotional' over coming to the end of a career that included an Olympic silver medal at London 2012 and a Commonwealth Games gold medal in Glasgow in 2014, as well as victory in the first women's Paris-Roubaix and the world road race title in 2015. 'I realise how privileged I have been to do this for a career,' she said. 'I just feel lucky it's my choice that it's my last time, because not every athlete gets to do that. I know it's my last one going into every race this year, and I feel like I can make the most of it. It's really liberating.' Even with a British Grand Départ to the Tour de France Femmes confirmed for 2027, Deignan said she had 'definitely made the right decision' to quit the sport. Deignan, now with the Lidl-Trek team, has been a trailblazer as an elite endurance athlete who has juggled parenting and racing at the highest level, as well as being as an influential figure in the rapid growth of women's cycling. 'Half of the races that I've won weren't even on the calendar when I first started,' she said. 'I've grown up alongside the sport. When I started, everyone was racing just for passion.' If there is a natural heir to Deignan, it may be the 19-year-old Cat Ferguson, who is making her debut in the Tour of Britain, riding for Movistar. She was the revelation of last year's UCI World Road Championships, winning the junior time trial and road race. 'Cat's definitely got an amazing future,' Deignan said, 'and she is stepping into what is now a really professional sport. She has so many amazing opportunities and she will experience such a different level of professionalism compared to what we had. It's really exciting to see this next generation of British female riders.' Ferguson's first season racing at World Tour level has had its ups and downs, including a solid performance in her debut Grand Tour, the women's Vuelta, but also a heavy fall caused by a wandering spectator during April's Paris-Roubaix. 'That was my race over,' Ferguson said. 'There's been a lot of bad luck, alongside the good things. That's the reality of racing in the World Tour. Not every race goes your way and when it does go wrong, it's a lot harder to come back from.' Ferguson will be one of the headline names of a peloton that includes the Olympic road race champion, Kristen Faulkner, racing for EF Education-Oatly, and Anna Henderson, silver medallist in the time trial at the Paris Olympics and teammate to Deignan at Lidl-Trek. 'Out of all the races I've done this year, I'm really excited for this one,' Ferguson said. 'This a really competitive field and doing well is definitely one of my goals.' Sign up to The Recap The best of our sports journalism from the past seven days and a heads-up on the weekend's action after newsletter promotion If Sunday's circuit race in Glasgow will remind Deignan of her 2014 Commonwealth Games success, the opening couple of stages, from Dalby Forest to Redcar and Hartlepool to Saltburn-by-the-Sea, are more familiar to the Otley-born rider than some of her rivals. 'I know what to expect in terms of the conditions, and from British soggy, slow roads,' she said. 'I think I'll be at a bit of an advantage to some, although they're not quite my 'home' roads.' Rod Ellingworth, now in his second year as race director to the Tours of Britain, revealed that a different finish to the race to celebrate Deignan's career, had been under consideration. 'There were a few different ideas,' he said. 'Could we finish in Yorkshire for Lizzie?, for example. But you get a city like Glasgow coming in and they want it as a Festival of Cycling, so then, it's 'OK, this is the obvious choice.'' 'Ideally, you want to get to a point where you're not relying on local authority money, so then you can go to the right locations to run the race you want to, but unfortunately it's not as simple as that.' The race will be streamed live on BBC iPlayer and on TNT Sports.
