Filed: Tuesday, 11th October 2011
By: Staff Writer
West Ham United's planned move to the Olympic Stadium is said to have fallen through.
According to a report by the BBC's David Bond, the move is said to have collapsed after the OPLC, the Government and Mayor of London, Boris Johnson, unanimously agreed that the stadium should remain under 'public ownership' after next summer's games.
As a result, companies wishing to lease the stadium must now re-apply - including West Ham United, who were awarded sole use of the stadium back in February - with the winning bidders to be awarded a short-term lease.
The OPLC are said to have changed their mind over the plans for the stadium as a result of the ongoing legal action conducted by Tottenham Hotspur FC and Leyton Orient FC.
Concerns over Newham Council's proposed £40million loan to West Ham - which Spurs' lawyers claimed was effectively 'state aid' - are said to be pivotal in the decision. As a result of the decision, next week's planned judicial review is likely to be cancelled.
West Ham are yet to comment on these latest developments, but will no doubt be furious at the latest turn of events - especially having invested so much time and funds into their bid. It is unclear at this point whether the club will be entitled to any compensation for the losses incurred as a result of this decision.
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