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London Olympic stadium F1 race news 'strange'  UPDATE #2 A bid to host a Formula 1 race at the Olympic Stadium is one of four options being considered by officials in charge of deciding the venues post-games legacy.

The joint bid by Intelligent Transport Services and F1 faces competition from West Ham United, Leyton Orient and UCFB, which offers degrees in football.

A potential Formula 1 race would run alongside the British Grand Prix at Silverstone, meaning the UK would host two rounds of the World Championship for the first time since 1993 - when the European Grand Prix was held at Donington Park.  In a statement. the London Legacy Development Corporation said: "Following an extension to the bidding period, the Legacy Corporation can today reveal that it has received four bids for the venue.

"Bids from West Ham United, Intelligent Transport Services in association with Formula One, UCFB College of Football Business and Leyton Orient will now be assessed to ensure they are compliant, before being evaluated ahead of negotiations."

F1 supremo Bernie Ecclestone has already given his support to a potential race in London, insisting last week that a separate proposal to host a street-race around some of the capital's most famous landmarks was "no joke." Sky Sports

Olympic Park one year ago under construction
The revelation that the possibility of running F1 in and around the Olympic Park is even being considered "demonstrates the challenge facing the stadium planners," according to Paul Kelso of the London TELEGRAPH.

The idea is "so unlikely as to be comic, but they are way past laughing" at the London Legacy Development Corp. As "we will discover this summer," track and field "works brilliantly" in the Stratford Stadium.

But, Olympics and World Championships aside, the "purest of sporting disciplines does not fill stadiums." Not even brand new ones subsidized by £9M ($14M) of taxpayer investment and "served by excellent transport links." Yet retaining the track is "non-negotiable," so the LLDC has had to "cast its net wide."

West Ham United FC remain "by far the most likely" means by which the LLDC can get enough money from its primary asset to "underwrite the maintenance of all the other venues on the Park." The other bidders show "just how lean the field is."

The University of East London can offer educational uses, exploiting the offices and large amount of indoor space in the stadium. The UEL has secured the backing of Essex County Cricket Club, initially to run an academy on the stadium site that the county hopes "will tap talent in east London, but there are suggestions of Twenty20 matches."

West Ham offers the most straightforward solution. They are the only football club "willing to tolerate a track," but only if they are "permitted to build over it with new seating that they are keen not to pay for" TELEGRAPH

Olympic Park map
(GMM)  Britain could be set to secure a second grand prix, after the Daily Telegraph reported on Friday that plans are afoot to host a race in and around London's Olympic stadium.

The report said the plan is among three other bids that have been accepted by the London Legacy Development Corporation.

But the plan was met with immediate skepticism, one authoritative source confirming that records show the company responsible for the bid was actually dissolved as long ago as 2010.

The source described Friday's news as "very strange".

Bernie Ecclestone, however, confirmed he has been approached.

"They came up with a scheme whereby formula one would race around the stadium, inside it, outside it.  They wanted to make sure I would be interested," said the F1 chief executive.

Asked if he is interested, Ecclestone answered: "Yeah."

It appears the plans are not linked with an event being held next week in London by McLaren sponsor Santander, in which the team's F1 drivers will imagine a 'virtual' race on the capital's streets.

Ecclestone confirmed the Olympic stadium idea has "nothing to do" with the McLaren event.

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