West Ham United have confirmed that they have won the race to adopt the Olympic Stadium as their new home ground.

The Premier League outfit have been in a lengthy three-year battle for the right to become anchor tenants of the historic venue, which hosted the London 2012 Games.

Plans have emerged to redevelop the ground in Stratford into a 54,000-seater stadium in time for the 2016-17 campaign.

Hammers vice-chairman Karren Brady told the club's official website: "I'm delighted that we have been confirmed today as the anchor concessionaire for the Olympic Stadium. I commend my two chairmen for their passion and commitment. I am delighted this has been rewarded now that their ambition to see the club they love enjoy a bright future at the Olympic Stadium has been realised.

"It was important to me that we struck a deal that would stand the test of time that represented the right deal for West Ham United and our loyal and patient supporters."

Joint-chairmen David Sullivan and David Gold added: "It's fantastic for everyone at West Ham United that at last all the club's hard work over the past three years has paid off. Since we came to West Ham in 2010 we have had a vision to really take the club forward so West Ham United can compete on the pitch at the highest level.

"Today's decision offers us a real platform to do this and we are fully committed to making it a real success. We understand the responsibilities that come with calling the nation's iconic Olympic Stadium, which will be converted into a world-class football stadium, our new home. It is an honour we will take on with pride."

League One outfit Leyton Orient also launched a bid for the stadium.