West Ham United have been named as the top choice to move in to the Olympic Stadium when it reopens.

The London Legacy Development Corporation board (LLDC) unanimously made the decision in favour of the Premier League club ahead of rivals from Intelligent Transport Services in association with Formula One, UCFB College of Football Business and Leyton Orient.

LLDC chairman and London Mayor Boris Johnson said: "We had four good bids, as everybody knows. The bid that has been ranked top is West Ham United. I am very pleased about that.

"It will, if it goes through, mean a football legacy for the stadium but there is still a lot of negotiation to go on between the LLDC and West Ham United about the terms of the deal."

Factors such as the final specification for adaptations to the stadium and the funding needed for it, gaining planning permission and obtaining appropriate national governing body approvals are among the issues which need to be sorted before a final deal can be struck.

There is also the finalisation of commercial terms to be considered.

Legacy chiefs know the value of the club could increase significantly by a move to the high-profile Olympic Stadium. They want to protect the investment made by taxpayers in building the venue so they can also get a share of any future benefit.

If a football use can be agreed, the stadium would be reconfigured to provide retractable/moveable seating so there could be a quick changeover between athletics and football use.

West Ham vice-chairman Karren Brady said: "In selecting West Ham United, the LLDC have secured a long-term viable financial future for the Park. On behalf of West Ham United, I feel privileged to have been granted the responsibility to play a key part in delivering a true Games legacy.

"We are now committed to working closely with our new partners and stakeholders in the stadium to successfully conclude our discussions and bring our collective ambitions to fruition."