Spurs and West Ham in final negotiations over Olympic stadium
THE Olympic Park Legacy Company has today announced that it will enter into final negotiations with two major bidders who want to take over the stadium after the 2012 Games.
A consortium led by Tottenham Hotspur Football Club with AEG and a consortium of West Ham United Football Club and the London Borough of Newham are going head-to-head in a bid to take over the Stratford stadium.
The Legacy Company is now entering the final in the negotiations which began in August.
Margaret Ford, Chair of the Olympic Park Legacy Company said: “We are very pleased with the extensive and serious interest shown in the stadium.
“We started this process to ensure the very best legacy for the stadium, and we are now at a point where we have selected the two strongest bids.
“We will go forward to start negotiations with the two consortia of Tottenham Hotspur and AEG, and West Ham United and Newham Council.
“The stadium is a vital and vibrant component of the Olympic Park, securing the most appropriate and viable solution is crucial for our long-term aspirations for the future Queen Elizabeth Olympic Park area.”
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The Legacy Company said it aims to have a preferred tenant in place by the end of the financial year in 2011.