During the first bid process, West Ham and Newham proposed to rebuild the stadium at a fixed cost of £95m from Westfield in return for a 150-year lease.
West Ham proposed to contribute £20m and Newham £40m with the remaining £35m coming from the taxpayer from the Olympic regeneration budget. By comparison, Spurs had quoted £323m to knock down and rebuilt the stadium. They also wanted £35m from the government fund, planned to borrow £210m and believed they could get £150m for the naming rights.They wanted a 250-year lease of the stadium.
After the first big collapsed after a state aid complaint by architect Steve Lawrence Spurs dropped out of the running leaving West Ham, Leyton Orient, a College and an F1 promotor.
West Ham bid £1.5m per year in the Premier League and £1m per year in any division below the Premier League. They offered £250,000 for the naming rights with any profit spilt 50/50.
Leyton Orient offered £500,000 per year for the use of the stadium.
College UCFB offered £529,000 per year but did not require the use of the pitch.
F1 promoter offered a one-off usage fee of £888,000 per year to host a Formula One race in and around the stadium.
West Ham were awarded the winner of both tendering processes but after negotiation, West Ham upped their rent to £2.5m per year with the first £4m of naming rights going to the Stadium owners before profits are spilt.