The London Legacy Development Corporation Board has unanimously voted to name West Ham United preferred bidder for a concession to play at the Olympic Stadium.
If bid is successful the stadium would be reconfigured for moveable seating, allowing a quick changeover between athletics and football.
An agreement between the Legacy Corporation and West Ham United would be conditional on a number of issues, such as whether planning permission is obtained, approval from national governing bodies and the specifications of adaptations to the stadium.
The corporation is also working on a detailed design of non-football options for the stadium. In case West Ham was not able to meet the conditions of the bid, this would allow the stadium to be put back to use as soon as possible.
The corporation has also approved a deal between iCity and BT to become the anchor tenant of the Broadcast Centre. BT will take 73,000 square feet to house its new BT Sport Channels when they launch in summer 2013.
London Legacy Development Corporation’s Chief executive Dennis Hone said: “Today’s decision on the stadium represents an important milestone towards reopening the Olympic Stadium. If we are to have a football tenant, West Ham and other parties will need to meet the conditions that the Board has set out today. If a deal is not possible then we will bring the stadium back into use as soon as possible.”