West Ham to be offered Olympic Stadium deal

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

Relevant offers

Football

Real Madrid's chance to spoil another Messi record From teen to a ton for Football Fern Erceg Everton fans clash with locals, police in Lille Winston Reid tipped to stay at West Ham Late strikes save Arsenal blushes in Brussels Big stars rise as Real Madrid sink Liverpool Zenit St Petersburg unbeaten streak broken Atletico Madrid trounce Malmo in Champions League Borussia Dortmund too strong for Galatasaray Monaco draw with Benfica in Champions League

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

How well will the Phoenix do in this year's A-League?

Winner. They'll go all the way

They'll make the final

They'll make the playoffs

They'll just miss the playoffs

They'll take the wooden spoon

Vote Result

Featured Promotions

Sponsored Content