West Ham United to take over London's Olympic stadium

The deal was secured only after West Ham agreed to increase their own funding of the project by £5 million, to £15 million. They will pay around £2 million a year rent.

updated: March 23, 2013 12:04 IST
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London: English Premier League football club West Ham United are to become the main tenants of London's Olympic Stadium, it was announced on Friday.

The 80,000 capacity stadium in east London, which hosted the athletics and the ceremonies at last year's Olympics and Paralympics, will be converted to a 54,000-seater venue in time for the 2016-2017 football season.

The long-term future of the £429 million ($648-million, 503-million-euro) venue in Stratford was supposed to have been decided before the Games but a series of legal challenges delayed the process.

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