Olympic tenancy for West Ham

West Ham have been officially confirmed as new tenants for the Olympic Stadium after a deal was finally agreed on Friday.

Last Updated: 22/03/13 at 22:18 Post Comment

Olympic Stadium: West Ham secure the London 2012 centrepiece

Olympic Stadium: West Ham secure the London 2012 centrepiece

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The 99-year lease was announced by the London Legacy Development Corporation (LLDC) along with details of the revamped stadium.

The Stratford venue will be transformed into a 54,000-seater stadium set to cost £150m, and the Hammers are expected to move in from August 2016.

Negotiations between the LLDC and West Ham have been long and tortuous since the club was named the preferred bidder in December, but with an agreement finally reached, West Ham have been given the right to use the stadium for all their matches under a 99-year deal, giving the club long-term security.

The deal will protect public interest should West Ham's owners sell the club for a large profit on the back of the move to the stadium, with the LLDC guaranteed a significant cut.

The stadium itself will have retractable seats, allowing the 2017 World Athletics Championships to take place as planned.

In addition, the deal opens the way for the stadium to be used as a venue for the 2015 Rugby World Cup.

The plans for the future of West Ham's current Upton Park home and the surrounding area remain confidential.

West Ham joint-chairman David Gold said: "This is very exciting, I'm thrilled that we've signed this deal today. There's a new exciting future for West Ham United FC.

"It will generate jobs when the stadium is renovated, then jobs for the future ongoing."

Joint-chairman David Sullivan added: "We really feel privileged to be going into this stadium. We've had 13 sell-out games in a row and we need a bigger stadium.

"We want football to be affordable for the working class man and that's why we want a bigger stadium.

"This is a win-win situation for London, for the legacy and for West Ham United Football Club."

London mayor Boris Johnson said: "This Olympic Stadium will now be the home of a great London football club, that gave us Bobby Moore and Geoff Hurst.

"The deal is great for West Ham, for London, for football. We're moving the seats, we're moving the roof but we're keeping London's great Olympic Stadium."

West Ham vice-chairman Karren Brady added: "When you come to this stadium at the start of 2016 it will look and feel like West Ham's ground. It will look and feel like a football stadium."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

W

ell that really inspires me with confidence. No point in training, deciding on a coherent formation, or playing players in their best positions, let's just hope we get lucky.

mumbo_jimbo
Van Gaal: Luck is key

I

believe this is because for sepp Christmas is a 7 day feast finishing on the 25th

hiya
Blatter calls for early final

F

alcao really needs to shine now. Apparently according to the stats, he scores more when played up front alone. I wonder if Van Gaal will actually apply a formation to get the best out of him though.

anthracyte
Van Persie lay-off expected

Footer 365

Mauricio Pochettino proud of Tottenham players despite Capital One Cup loss

Tottenham boss Mauricio Pochettino said he was proud of his players despite losing to Chelsea in the Capital One Cup final.

Jose Mourinho hails players for adapting to gameplan in Capital One Cup success

Jose Mourinho hailed his players for adapting to his gameplan after Chelsea’s Capital One Cup final success against Spurs.

John Terry targets more Chelsea trophies after Capital One Cup success

John Terry says Chelsea's "massive" Capital One Cup final win over Tottenham could be the start of something special.

Mail Box

Are Tottenham Right To Redevelop?

It's a really good Friday afternoon Mailbox, with thoughts on Spurs' ground development, the Europa league (leave it alone) and one man running for a very good cause...

Rodgers Is More Of A Paisley Than A Rafa

Most Liverpool fans in the Mailbox are claiming to be pleased to see the back of the Europa League. Plus merging the Europa and Champions League, and winter WC...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company