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Live: West Ham on Olympic stadium move

West Ham are being officially confirmed as the anchor tenants for London's Olympic Stadium at a news conference.

Although West Ham were appointed preferred bidders by the LLDC three months ago, there were still fears the agreement could collapse over how to finance the transformation of the stadium.

Initially the club were reluctant to pay anything, but over time they increased their contribution to £10m and are now prepared to pay £15m.

The rest of the money will be drawn from a range of sources, including London Mayor Boris Johnson's budget, a £40m loan from Newham Council and around £20m of borrowings by the LLDC.

  • 22 Mar 2013
  • From the section UK