Tottenham Hotspur and West Ham United will go head-to-head to take over the Olympic Stadium after the 2012 Games.
The Olympic Park Legacy Company today confirmed it was entering final negotiations with the two football clubs.
West Ham United Football Club submitted a joint bid with the London Borough of Newham. Football, athletics and other major sports, concerts and community facilities would be staged at the stadium under the plan, which would see the capacity reduced to 60,000.
It would also house what the bid describes as “innovative and exciting education resources” and “health and well-being programmes”, as well as an Olympic visitor centre and football museum.
West Ham’s current ground Upton Park would be knocked down, to make way for homes, shops and community facilities.
Tottenham Hotspur is the lead bidder in a consortium that also includes AEG and ENIC. The North London club has also had plans to redevelop its current ground, White Hart Lane, approved by Haringey Council.
The White Hart Lane project would cost £400 million and include a 150-bedroom hotel, 200 homes and a large supermarket. The new stadium would have a capacity of more than 56,000.
Daniel Levy, Tottenham’s chairman, said in October of the Olympic Stadium bid: “It is only prudent and good management that we ensure we investigate all possible options for the Club.”
OPLC chair Margaret Ford said today: “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 OPLC aims to appoint a preferred tenant next year.