West Ham United Football Club has been selected over Tottenham Hotspur as the preferred choice to take over the Olympic Stadium after the 2012 Games.
The Olympic Park Legacy Committee’s executives made the choice which will see the Hammers keep the athletics track unlike Spurs’ bid, which planned to make the stadium a football only venue.
Baroness Ford, head of the OPLC, said: "We have made a unanimous recommendation to back West Ham and the borough of Newham as the long term tenant.
"This represents the very best legacy for the stadium.
West Ham vice chairman Karren Brady said: "Today is a momentous day. I would like to thank the Olympic Park Legacy Company for making us preferred bidder and acknowledge everyone involved in what has been a truly professional process.
"I would also like to recognise the significant contribution of Newham Council, who have shared in our exciting vision from day one, and thank our supporters for trusting in us to take West Ham United to a new level.
"With our partners we know exactly how to do it. We are working on realising our proposals already. We would like to say far more but fully understand we are still under the process and must continue to respect it - as we have to this point.
"We have been granted a once in a lifetime opportunity to grow our club in a way its huge fan base deserves and to really give something back to the community of which it is such an intrinsic part.
"The nation has kept its promise and we'll keep ours. I promise.''
The decision on the stadium now needs to be ratified by the government, major of London and OPLC board.