SPURS bid to move into the Olympic Stadium could become a reality after being placed in the final shortlist of two.

The club will now battle it out with West Ham United, who are backed by UK Athletics, in a race to call the Stratford stadium its new home.

If Spurs is granted the lease, it would be a nightmare for Haringey who want the club to redevelop their Tottenham stadium and stay in the borough.

Tottenham Hotsur boosts the local economy and supports communities particularly through its charitable work with the Tottenham Hotspur Foundation.

The Olympic Park Legacy Company announced that final final negotiations are underway with both teams before a decision on who will occupy the stadium is taken in March.

West Ham currently sit at the bottom of the Premiership table and are at risk of relegation and their poor perfomance could work in Spurs favour.

Margaret Ford, chair of the Olympic Park Legacy Company, said: "We are very pleased with the extensive and serious interest shown in the stadium.

"We started this process to ensure the very best legacy for the stadium and we are now at a point where we have selected the two strongest bids. We will go forward to start negotiations with the two consortia of Tottenham Hotspur and AEG and West Ham United and Newham Council.

"The stadium is a vital and vibrant component of the Olympic Park – securing the most appropriate and viable solution is crucial for our long-term aspirations for the future Queen Elizabeth Olympic Park area."

Haringey Council has already granted Tottenham Hotspur planning permission for proposed Northumberland Development Project, but building a stadium from scratch would be more costly.

A publication of their annual accounts revealed the club had lost more than £6million this year and said there would be further financial challenges if they went ahead with the development.

In a statement, chairman Daniel Levy said: "The stage of consent reached to date, with the incorporated amendments, has meant that the projected cost of the scheme has risen substantially.

"The scheme does not benefit from public sector grants or regeneration monies. It was therefore prudent and sensible that, at a time when we had yet to receive approval for the application, we should register our interest in the Olympic Stadium site."