The plan to run a Formula 1 race in London’s Olympic Park has failed to get off the ground with the news that the London Legacy Development Corporation (LLDC) has announced that West Ham United has been named as the preferred bidder for the stadium.
An unknown company called Intelligent Transport Solutions Ltd had made a bid for the race in and around the stadium, along with West Ham, Leyton Orient and the University College of Football and Business.
LLDC said that the F1 bid “too much uncertainty in relation to key aspects of their bid and assumptions in their business plan”.
The plan never made much sense as it required the track to use the stadium seating. Firstly access to the stadium for the F1 cars would have been convoluted, given the restrictions caused by the geography and that would have meant that action within the stadium would have been poor.
It was never a sensible idea.