West Ham co-owner David Gold said the endorsement of their bid to move into the 2012 Olympic Stadium represented a "great day for Great Britain".
The Olympic Park Legacy Company (OPLC) chose the east London club's bid over a rival proposal from Tottenham. "We are very, very excited about what happened today and it is nice to be on the winning side," Gold told reporters at the Olympic site in Stratford.
"We represented what is right, what is fair and what is honest."
The OPLC board voted unanimously in favour of the proposal from West Ham and their partners Newham Council, who had promised to retain the athletics track at the stadium.
The Spurs bid would have involved knocking down most of the existing stucture to build a new one and expanding athletics facilities at Crystal Palace, rather than keeping the sport in Stratford.
Gold said a victory for the Spurs bid would have broken the promise of London 2012 chief Seb Coe, who had pledged to maintain a track and field legacy at the stadium.
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