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

I

still can't see the Phil Jones thing that some people go on about. Whenever I watch him play it's a repeat of headless chicken meets a gurning Bambi on ice for 90 minutes.

diabolicaldiaby
F365's Top Ten Defenders Of The Season

P

robably the first list I've come across in a long time where I agree with a large majority of what was written. Can't agree with everything though, Zaba has had an awful season by his standards, I'd put Monreal (a player who I've never rated) up there, gotta give credit where it's due, he's really stepped up his game.

scroteymcbooger
F365's Top Ten Defenders Of The Season

S

ome top analysis here..... UNITED WOULD BE TOP IF IT WEREN'T FOR ALL THEM GAMES THEY LOST

benvo81
United Progress Stifled By Bottom-Half Record

Footer 365

Barcelona 3-0 Bayern Munich: Lionel Messi double puts Barca in control

Two goals from Lionel Messi helped Barcelona beat Bayern Munich 3-0 in the first leg of the Champions League semi-final.

Graham Taylor rejects claims he was asked to cap number of black players in England side

Graham Taylor has denied claims that the Football Association tried to cap the number of black players when he was in charge of the England team.

Spanish football could be shut down from May 16 over TV rights argument

La Liga faces being shut down from May 16 over an argument between Spain's football federation and the Government.

Mail Box

Coutinho Better Than Cazorla And Cesc...

Philippe Coutinho has outperformed Santi Cazorla AND Cesc Fabregas, while Arsenal need no new signings. We also have mails on Olivier Giroud and shopping lists...

Giroud Is More Than Good Enough...

Olivier Giroud and Theo Walcott are integral to Arsenal's title hopes next season. There's also more on handballs, Juventus, and Ronaldo holding Bale back...

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