The long-term future of London's 2012 Olympics stadium took a novel twist on Wednesday when third division football club Leyton Orient emerged as candidates to move in after the Games.

With London 2012 organisers sticking to their promise that the showpiece stadium would be retained as a track and field facility after the Games, Orient's chairman Barry Hearn said his club would be the most suitable occupants. Plans are for the 80,000-seater stadium to be re-configured to a 25,000-seater with the running track retained, a scenario that would not suit the likes of Premier League West Ham United and Tottenham Hotspur.

Children's sport is to lose out as clubs across the UK are denied £340 million of lottery grants to divert funds to the Olympics. The money, normally destined for thousands of small organisations, will instead be used to pay for 2012 projects, including a velodrome and an aquatic centre with two swimming pools and a diving pool.

A joint bid for £70million is being made by Greenwich and the other London Olympics boroughs to ensure long-term benefits for businesses.