Olympic legacy firm ends negotiations and plans to let the stadium according to reports
The deal with football club West Ham to buy the Olympic Stadium has fallen through, the government is expected to confirm today.
According to numerous reports the deal between the Olympic Park Legacy Company which owns the stadium and West Ham in partnership with Newham council has fallen because of the ongoing legal challenges from West Ham’s rival Tottenham Hotspur.
The OPLC, chaired by former English Partnerships boss Margaret Ford, has ended negotiations with the East London club amid concern the legal challenge made it impossible to sign a deal. Reports say the OPLC now plans to keep the stadium in public ownership, use £50m convert it to legacy use itself, and let it out to potential users on a long term lease.
It will now start another tender process for bids to let the stadium. It is not known what will happen to West Ham’s proposal to convert the stadium, designed by architect Populous, after the games.