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The tenants to the 80,000-capacity arena are set to be announced, with Sam Allardyce's men favourites to win the lease and move from Upton Park, their home since 1904

West Ham are set to hear on Wednesday if they will be given permission to move into the Olympic Stadium, with a decision to be made on bids made for the ground's ownership.

The Hammers are favourites to become the winning bidders after facing competition from League One side Leyton Orient, a football business college and a team who are determined to bring Formula One racing to the Olympic Park.

The Mayor of London, Boris Johnson, is expected to hand the keys to the stadium over to the side, who have played at Upton Park since 1904, though only if certain demands are met, such as keeping the running track and the installation of retractable seats.

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Early rivals to the Hammers' bid were fellow Premier League side Tottenham, who pulled out their proposal when they revealed that the club would want to dispose of the running track, amongst concerns from their fans about uprooting their North London roots.

The earliest possible date for the new tenants to reopen the 80,000-capacity arena is August 2015.

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