It has been formally announced that West Ham United have been selected as the preferred tenant of the Olympic Stadium after the 2012 games, beating a bid from Premier League rivals Tottenham Hotspur.
The unanimous decision of the Olympic Park Legacy Company to select West Ham was supported by the government and London Major Boris Johnson. West Ham’s bid for the £537m venue was judged to provide the best legacy for the stadium.
West Ham intends to convert the showpiece stadium and will leave the athletics track untouched. Spurs’ plan was widely criticised because it would have involved removing the running track and replacing part of the stadium.
The OPLC will now look to negotiate a mutually acceptable lease with the consortium comprising West Ham United and Newham Council. However, other options will be considered if they are unable to reach a deal.
West Ham plan to move from Upton Park in 2014/15.
Read the orignial article here
Sean Logan, Solicitor, Commercial Property, Hart Brown
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