West Ham United has been named as the preferred bidder to become the permanent tenant at the London Olympic Stadium.

The London Legacy Corporation board agreed unanimously on Wednesday that the football club's bid ranked top of all four received.

Bids were also received from University College of Football and Business (UCFB), Leyton Orient FC and Intelligent Transport Services - which proposed holding a Formula One race around Queen Elizabeth Olympic Park.

An agreement with West Ham United is dependent on final commercial terms being negotiated, including securing planning permission.

If the deal goes ahead, stadium seating would need to be reconfigured to allow a quick changeover between football and athletics use.

The stadium is to become the new national competition stadium for athletics and is already set to host the London Diamond League meeting and the 2017 IAAF World Athletics Championships.

The Legacy Corporation will further consider a bid from the UCFB to be accommodated at the stadium once an agreement with West Ham United is finalised.

The Olympic Stadium is to be officially handed over to the Legacy Corporation on December 14.