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West Ham Waits as Olympic Stadium Negotiations Drag On

  • Guardian, Wednesday, October 10, 2012 2:29 PM

The future of London’s Olympic Stadium isn’t any closer to being resolved, The Guardian reports. English Premier League club West Ham United has been the frontrunner to become the main tenant of the stadium, hoping to occupy it in time for the start of the 2014/2015 season, but the club is embroiled in negotiations with the London Legacy Development Corporation about who will pay for modifications to the stadium (which could total more than $250 million), among other things.

The LLDC Board remains split on whether the stadium should go to West Ham or not. The other bids under consideration come from fellow soccer club Leyton Orient, a group that wants to bring in Formula One racing, and a soccer business college. Meanwhile, the stadium is already committed to other projects -- concerts and other sporting events -- so some board members believe the stadium can sustain itself without professional soccer. Others believe that West Ham provides the most viable long-term solution. While the English club wants to seal a deal by the end of the month, the Guardian says that a decision could now be pushed back as far as December. 

Read the whole story at Guardian »

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