Hammers Favourites to Move into Stadium
WEST Ham have been named as the number one choice to move into the PS429million Olympic Stadium.
The Premier League side are in pole position to move into the showpiece venue but will not be able to take up residency until 2016-17 at the earliest.
Final commercial terms still need to be decided between the London Legacy Development Corporation (LLDC) and West Ham.
The LLDC board - which is tasked with sorting out the stadium's future - yesterday unanimously ranked the Hammers as the preferred bidder from a shortlist of four potential anchor tenants, ahead of rivals from Intelligent Transport Services in association with Formula One, UCFB College of Football Business and Leyton Orient.
The deal is not yet done and dusted as the LLDC is also working on an alternative use for the 60,000-seater stadium.
London mayor and LLDC chairman Boris Johnson said: "It will, if it goes through, mean a football legacy for the stadium.
"However, there is still a lot of negotiation still to go on between the LLDC and West Ham United about the terms of the deal.
"There is no dealbreaker as such. It is just a question of making sure an asset which is a public asset and something taxpayers put half a billion pounds into, that the value of that is properly reflected in the commercial deal now being done with a private sector entity. …