London 2012 Olympics: West Ham United 'will not submit formal bid' for Olympic Stadium by deadline

According to reports in the Times (£), West Ham are cold on the idea of wasting more money on another bid without there being more clarity, while they are also concerned about starting the process to sell their current home Upton Park unless they know for certain they are moving to the Olympic Stadium.

West Ham are thought to have spent nearly £1 million on the process of their first bid.

They are not the only London football club who are considering their options.

Leyton Orient are full participants in the “expressions of interest” phase, and are considering what kind of offer they might be able to make to the increasingly anxious OPLC

An issue for both football clubs is that the OPLC will retain the power to force tenants to share with each other.

The “pairing” system means that tenants have no choice about who they share with, meaning that the OPLC could impose a rugby club in a ground-share with West Ham, or pursue sharing between West Ham and Orient.

That would present a bigger problem to West Ham than to Leyton Orient.

David Cameron: London 2012 Olympics 'will leave a great legacy'

Speaking to reporters at the Aquatics Centre, Mr Cameron praised the "beautiful, inspiring" arena.

He added: "All credit to the people who have been involved in providing these venues, getting them done on time and on budget."

The Prime Minister said the Olympic Games would create "a massive legacy", encouraging people across Britain to take up sport and "do more exercise".

"We have spent money and sporting organisations have spent money building great swimming pools in Luton, in the West Country and in Scotland so there are centres like this in other parts of the UK," he said.

"The whole country can benefit from the legacy of the Games because of the inspiration they will bring to people young and old."