There has been a lot of anticipation and speculation about the future of the Olympic Stadium. We have always been clear about the robust process involved in taking such an important decision.

This evening, the Olympic Park Legacy Company confirmed that its board will be presented with both shortlisted bids on Friday 11th February 2011. Board members will take time to consider them both before voting to recommend a preferred bidder for the Stadium. This decision will then be subject to approval by the Government and the Mayor’s Office.

In October, it was announced that the two consortia to have made the final shortlist were Tottenham Hotspur and AEG, and West Ham United and London Borough of Newham. The Legacy Company also has the option of the original plan to convert the Stadium to 25,000 seats. In going to the market, the Legacy Company’s aim was to consider options which would enhance and build on that plan.