Karren Brady celebrates West Ham’s “amazing day” following Olympic Stadium decision
PUBLISHED: 16:44 11 February 2011 | UPDATED: 21:01 11 February 2011
West Ham’s vice-chairman reacted with delight to her club getting the vital seal of approval to move into the Olympic Stadium today.
Following the Olympic Park Legacy Company’s (OPLC) decision earlier today to recommend the Hammers’ bid over Tottenham Hotspur’s, Karren Brady cheered the news at a press conference in Forman’s in Roach Road, Bow, close to what will soon be the club’s new home.
She said: ““This is am amazing day for the club but this is just the beginning.
“We need to focus on the hard work ahead.
“It’s ok making promises but we want to deliver.”
The club plans a £95m redevelopment of the Olympic Stadium in Stratford following next year’s Games which will include changing the capacity from 80,000 to 60,000 and building a more durable roof.
It will be paid through a £40m loan from bid partners Newham council, through £35m funding from the OPLC and through the sale of their current Upton Park ground, expected to generate £20m.
The deal must still be rubber-stamped by London Mayor Boris Johnson and Government ministers.
Co-owner David Sullivan said the stadium’s running track, which would not have been retained by Spurs in their bid, will remain for the length of the stadium’s lease - 250 years.
The club plans to move into their new home ahead of the 2014-15 football season.
Sir Robin Wales, Mayor of Newham, said “We are delighted by the announcement.
“We think this decision is the right one and the nation will be the winner.”
It has been rumoured that Spurs and Leyton Orient, another club previously considered to take over the stadium, may mount a legal challenge to the OPLC’s selection process.
Ms Brady said: “That is up to them.
“We have acted in the right manner and are doing what is right for West Ham.”