September 3 2014 Latest news:
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Tuesday, July 1, 2014
Leyton Orient have dropped a legal battle against West Ham’s move to the Olympic Stadium and reached an undisclosed settlement with the Premier League.
Orient chairman Barry Hearn wanted to explore the options of a groundshare and had called for a judicial review into the decision of the London Legacy Development Corporation to appoint their east London rivals as the anchor tenant, set to pay some £2million a year in rent.
However, the Premier League confirmed in a short statement on Tuesday that Orient, who feared a hit on their attendances at Brisbane Road which borders the Olympic Park site, would now be calling an end to what had been a three-year long battle.
“The Premier League and Leyton Orient are pleased to announce that they have reached settlement of a dispute regarding the future use of the Olympic Stadium on terms which are confidential,” the statement read.
“Leyton Orient confirms, however, that it no longer disputes the validity of the Premier League’s decision to allow West Ham United to occupy the Stadium.”
In an exchange with a supporter on Twitter Hearn, who has agreed to sell the League One club to Italian businessman Francesco Becchetti, confirmed the club were dropping their action, as Orient will be able to consult with the stadium operators over using the venue for matches of their own.
He said: “No point carrying on now we have permission to talk to new operators re a deal if we want to.”
Once Becchetti’s takeover is complete, the Matchroom Stadium is likely to be rebranded.
West Ham, meanwhile, are set to move from Upton Park into the renovated 54,000-capacity stadium at Statford ahead of the start of the 2016/17 season.