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Olympic Park bid rejected

ESPN Staff
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The bid to host Formula One at the Olympic Stadium was rejected for having "too much uncertainty" © Getty Images
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A bid to take Formula One to the Olympic Park in London has been rejected by the London Legacy Development Corporation (LLDC).

An East London-based company called Intelligent Transport Solutions Ltd had launched a bid to host a race in and around the Olympic Stadium back in June, and it was one of four bids considered for use of the stadium. However, West Ham United Football Club have been named the preferred bidders to move in to the stadium by the LLDC.

While the announcement does not automatically mean West Ham will take over the Olympic Stadium, it now seems unlikely a grand prix will be held in the Park, with the LLDC saying that "Intelligent Transport Services were also unsuccessful due to too much uncertainty in relation to key aspects of their bid and assumptions in their business plan."

Bernie Ecclestone had previously told the Daily Telegraph that while he was happy for the bid to go ahead he "had not put his name to it" as he would prefer a street race in central London.

© ESPN Sports Media Ltd.

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