West Ham to be offered Olympic Stadium deal

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

Relevant offers

Football

Big name casualties as Brazil make changes Luis Suarez 'depressed' after biting suspension Teen poised to make Norway debut in friendly Fifa, Russia relations straining over World Cup Ricki Herbert lands role in Indian Super League Suarez, Neymar star in playing return for Barca Wellington footballer cops 11-month suspension Chelsea roll to confident first-up victory in EPL Chelsea loan German Marko Marin to Fiorentina Manchester United caught in money-making web

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

What do you make of Tommy Smith's decision not to play for the All Whites?

It's fair enough. He's already got a massive workload.

He's been a great servant for the All Whites. His request not to play is fine by me.

It's disappointing to say the least. What happened to national pride?

It's unbelievable. He shouldn't be picked for NZ again.

Vote Result

Related story: (See story)

Featured Promotions

Sponsored Content