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

S

hould have stayed because we carried him for 6.5 years. And then he has a breakthrough season, and was gone soon after. MU fans, you would be as disgusted had C Ronaldo left in 2007 and not 2009.

godof86
Is Van Persie Slipping Sadly Into The Night?

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

Footer 365

Arsenal are repoortedly keen to sign Liverpool's Raheem Sterling

Arsenal are interested in signing Liverpool's Raheem Sterling, with the winger set to reject his offer of a new deal.

European Qualifiers round-up: Wins for Germany, Portugal and Romania

Goals from Marco Reus and Thomas Muller gave Germany victory over Georgia while Portugal beat Serbia to go top of Group I.

Luis Suarez rules out joining any English club but Liverpool

Luis Suarez refused to rule out a return to Liverpool and insists he will never play for another Premier League club.

Mail Box

Forget About Flair And Play Like Greece

'Forget about flair and play like Greece' is one outsider's advice to the England national side, while an Arsenal fan wants to sell Theo Walcott to get Marco Reus.

FA Refusing To Learn From Germany

We have a postcard from Germany in the Mailbox highlighting how Greg Dyke's quick-fix approach is all wrong. Also, the clamour for Kane, and size matters, apparently...

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