West Ham to be offered Olympic Stadium deal

KEITH WEIR
Last updated 22:56 05/12/2012

Relevant offers

Football

Sydney FC relishing prospect of facing depleted Wellington Phoenix All Whites skipper Winston Reid ruled out of South Korea clash with injury Neymar and Luiz Gustavo help Brazil come from behind to beat France 3-1 in friendly Former England captain John Terry signs one-year contract extension with Chelsea Premier League agrees to share $1.5bn of bumper TV deal outside the top flight Premier League clubs in profit for the first time in 15 years Five Chelsea supporters to contest banning orders for Paris metro racism incident Real Madrid's Gareth Bale puts club woes behind him for Wales' clash with Israel Bendtner hat-trick gives Danes 3-2 win over USA Lukas Podolski spares Germany's blushes with late strike in 2-2 draw with Socceroos

West Ham United will be named as preferred candidate to move into the Olympic Stadium but their owners will be asked to agree to share profits from any future sale of the English Premier League soccer club, the BBC reported.

London mayor Boris Johnson believes the award of a 99-year lease to move to the stadium would make the club much more valuable and is seeking a commitment from owners David Gold and David Sullivan that they would split profits if they sold up.

English champions Manchester City play in the stadium built for the 2002 Commonwealth Games and have prospered after being bought by Abu Dhabi's Sheikh Mansour Bin Zayed Al Nahyan.

West Ham have been regarded as the most likely candidate among four bidders to become anchor tenants of the stadium, the centrepiece of the Olympic Park in east London where the Games were held in July and August.

However, wrangling over the costs of converting the stadium into one also capable of staging soccer had delayed the process.

The London Legacy Development Corporation, chaired by mayor Johnson, was meeting on Wednesday to discuss the stadium issue.

Ad Feedback

- Reuters

Special offers
Opinion poll

Will Burnley retain their EPL status?

Yes, they've found a winning formula

Maybe, but there’s a long way to go

No. They lack quality in certain areas

Vote Result

Featured Promotions

Sponsored Content