The League One club had challenged the decision to allow East-End rivals West Ham United to play their home games at the venue in Stratford after they were selected as the preferred anchor tenants by the London Legacy Development Corporation in March last year.

Leyton Orient chairman Barry Hearn had asked for a Judicial Review into the decision but this was rejected last September.

Hearn wanted to explore the option of a groundshare at the site, claiming attendances at the club's Matchroom Stadium would be severely hit when West Ham move into the Olympic Stadium for the start of the 2016-2017 season.

But the Premier League confirmed in a statement that a settlement had been reached with the club and that it had dropped its legal challenge.

"The Premier League and Leyton Orient are pleased to announce that they have reached settlement of a dispute regarding the future use of the Olympic Stadium on terms which are confidential," the statement read.

"Leyton Orient confirms, however, that it no longer disputes the validity of the Premier League's decision to allow West Ham United to occupy the Stadium."

Leyton Orient is currently in the process of being taken over by Italian businessman, Francesco Becchetti, who is thought to be keen on remaining at the Matchroom Stadium, which has a capacity of just under 10,000.

Leyton Orient are concerned that attendances will drop at the Matchroom Stadium when West Ham United move to the Olympic Stadium ©Getty Images



West Ham were chosen as the preferred long-term tenants on a 99-year lease following a drawn out process which saw it beat off a rival bid from AEG and Tottenham Hotspur.

As part of the deal, the running track at the Olympic Stadium will be kept while its capacity will be reduced from 80,000 to 55,000.

West Ham are set to pay £2million ($3.4 million/€2.5 million) a year in rent at the Olympic Stadium once they relocate from their current Upton Park ground which will be bought by property development company Galliard Group, which plans to transform the site into a residential and retail village.

The Olympic Stadium is set to host a number of matches during next year's Rugby World Cup prior to staging the International Association of Athletics Federations World Championships in 2017.

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