West Ham United have announced they've sold the Boleyn Ground.
Up to 700 new homes are to be built on the site.
A statement just released on the club's website reads: "West Ham United can confirm that Award-Winning local London developer Galliard Group has reached an agreement to purchase the Boleyn Ground Football Stadium once the Club completes its move to the Olympic Stadium in 2016.
"Following a competitive bidding process, West Ham United selected Galliard Group as the purchaser for the site ahead of a number of other national and international companies. The Club was impressed with Galliard Group's links to the local community and their commitment to honouring the history of the Hammers at the Boleyn Ground as part of their proposed development.
"West Ham United Vice-Chairman Karren Brady said: 'We opted to reach an agreement with Galliard because they are a local London developer and employer with origins in east London. We know they are committed to working closely with the local community and Newham Council on proposals to transform the site into a residential and retail village, which will benefit the local community and east London's regional economy. The deal demonstrates that we have been true to our word by securing the regeneration of two areas of east London through our move to the Olympic Stadium in 2016.
"In addition, and most importantly for us, we can see that Galliard are passionate about working with West Ham United to engage their supporters to help deliver a fitting legacy that will honour the tradition of the famous ground. We are confident that West Ham United fans will be excited about their vision and the way they plan to respect more than 100 years of West Ham history at Upton Park."