Relegated West Ham still moving to Olympic Stadium

BY foxsports • May 16, 2011

West Ham still plans to move into London's Olympic Stadium despite losing its place in the English Premier League.

Co-owner David Gold and business partner David Sullivan have said relegation from the lucrative top division will cost about $65 million in lost revenue. But Gold said Monday there is ''absolutely no financial issue at all'' because the team had budgeted for relegation.

West Ham plans to downsize the stadium after the 2012 Olympics from 80,000 to 60,000 seats and use it as a multipurpose venue.

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