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

I

really enjoyed this. Thanks F365 for another year of work avoidance - happy Christmas.

megabrow (cufc)
Our Person Of The Year: Alan Pardew

I

m no Sam Fan and this article sums him up beautifully. I always like to imagine that when he watches anything on TV and hears clapping, he stands up and aknowledges the applause, thinking its for him!

cozens
Football Managers On TV: Sam Allardyce

N

ah, Fergie is just having another pop at Rooney. He just wants to put him down whenever he gets a chance. Rooney is by far the best English player. Carrick is not far behind, mind. However, by elevating Carrick like that, Sir is having a dig at Wayne. Fergie is well-known for mind games like that. Good to see he's still feisty.

timbo
Van Gaal will thrive - Ferguson

Footer 365

Jose Mourinho: It's only a matter of time before John Terry gets new contract

John Terry will definitely stay at Chelsea beyond the end of his current deal, Jose Mourinho says.

Chelsea striker Fernando Torres to make permanent move to AC Milan ahead of Atletico Madrid return

Fernando Torres will join Milan permanently on January 5 ahead of his expected return to Atletico Madrid.

Neil Warnock sacked by Crystal Palace after run of one win in 12 games

Neil Warnock has been sacked as manager of Crystal Palace, with Keith Millen placed in charge for Sunday's trip to QPR.

Mail Box

Van Gaal's Half-Term Report Card...

One Man United fan isn't happy with the rate the team is progressing under Louis van Gaal, while the mailbox also wishes Liverpool fans a Merry Mid-Table Christmas...

Hang On, Rafa's Success Is No Fluke...

The afternoon mailbox kicks the morning mailbox's arse after claims that Rafa Benitez has fluked his success. Plus, big talk about Liverpool's progress and lots more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property