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

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."

Related News

Most Commented

Readers' Comments

W

riting a minute by minute account on Berbatov would be like chronicling the days of the guy punished for sloth in the movie Se7en. Day 4 - lay in bed, did nothing - 15th minute, stood there did nothing .

lustral
Taking A Close Look At Mario...

W

hen players in their 30s leave Real Madrid, it's usually to Bolton Wanderers. I miss those days.

sailingmagpie
Top Ten CL Players Whetting Our Appetite

W

ow Pete, you would make an excellent stalker!

fouloleron
Taking A Close Look At Mario...

Footer 365

Europa League: Everton boss Roberto Martinez delighted with 4-1 win over Wolfsburg

Roberto Martinez was delighted with Everton's display as they brushed aside Wolfsburg to win 4-1 in the Europa League.

Europa League: Tottenham's Mauricio Pochettino hits out at Partizan banner

Tottenham's Mauricio Pochettino was angered by the "unacceptable" anti-Semitic banner displayed by Partizan fans.

Europa League: Everton open Group H campaign with 4-1 win over Wolfsburg

Everton opened their Europa League Group H campaign with a convincing 4-1 win over Wolfsburg at Goodison Park.

Mail Box

Why Doesn't Rodgers Play Borini?

One Liverpool supporter thinks this could be Fabio Borini's year, whilst we also have thoughts on the Red Bulls, Welbeck vs Gervinho and Paul Lambert's new deal...

Could Arsenal Benefit From Top Four Exit?

That's one idea in the morning mailbox as the Arsene Wenger debate rumbles on. Plus, comparing Welbeck to Gervinho and some advice for Greg Dyke and the FA...

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