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West Ham to secure stadium

West Ham will be officially confirmed as new tenants for the Olympic Stadium on Friday morning.

Last Updated: 22/03/13 at 14:02 Post Comment

Olympic Stadium: Expected to become home to West Ham United.

Olympic Stadium: Expected to become home to West Ham United.

The deal for a 99-year lease will be announced at a news conference, along with details of the revamped stadium featuring retractable seating.

Adapting the stadium is set to cost £150m and the Hammers are expected to move in from August 2016, but the agreement should beforehand allow the venue to be used for the 2015 Rugby World Cup.

Negotiations between London Legacy Development Corporation (LLDC) and West Ham have been long and tortuous since the club was named preferred bidders in December but it is understood that the Corporation's legal advisers have now finally signed off the finer details.

Under the agreement, West Ham will be given the right to use the stadium for all their matches under a 99-year deal, giving the club long-term security but ensuring they will have no property interest in the facility.

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 LLDC will have the rights to the income from other events such as music concerts, and there will also be a legacy for athletics with a number of events for that sport maintained.

The retractable seating should allow the stadium to be changed from a football venue - with seats on the running track - to one suitable for athletics or concerts within eight days.

London mayor Boris Johnson is expected at the press conference near the stadium, along with mayor of Newham Sir Robin Wales and LLDC chief executive Dennis Hone.

Leyton Orient chairman Barry Hearn insists he is still seeking a judicial review into the bidding process but Sports minister Hugh Robertson claimed that was not a cause for concern.

"That is one for Boris [Johnson] but I am told that all the legal advice is that the review is likely to fail," he said.

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Readers' Comments

S

terling needs to be told though that upon entering the Arsenal squad he will re-enact the final scene from Highlander where he will be thrown around a warehouse by cartoon dragons and then be a mere mortal that will only ever spend three to four weeks a season playing football and the rest on the physio's bed. There can be only one.....player available at The Emirates.

rodger's gusset
Arsenal interest in Sterling

T

he game changed in our favour when Carrick came on. We were able to play further up the pitch due to having a player who can give and go with the ball and keep possession. Yet barkley made some runs and Townsend scored a good goal but carrick's inclusion and chiellini's withdrawal made the biggest difference to the flow of the game

ricky villa
Hodgson: Barkley was brilliant

N

o, you've not silenced anyone Andros, i'm afraid. We know you can score a great goal, and it's really handy to have your direct running and willingness to shoot on the bench. But until you can do the other things expected of a winger (beat the man, put a decent cross in, stay wide etc) then you can't expect more than a regular cameo. Wonderful goal though, what a hit! No wonder Buffon wanted the shirt.

badwolf
Townsend: I've silenced critics

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