A scheme to turn the Olympic Stadium into part of a Formula 1 track after the London 2012 Games is one of four now under official consideration.
Football clubs West Ham and Leyton Orient are bidding to be tenants, as is the UCFB College of Football Business.
The proposal would reportedly allow another British round of the world championship in and around the stadium in East London.
UCFB, which offers degrees in football business, is based at Burnley FC's Turf Moor ground and is an affiliate of Bucks New University.
It is understood Orient's proposal is based on a ground share with West Ham, although the Premier League club has previously insisted it is not considering that arrangement.
An original deal for West Ham to lease the £486m stadium was scrapped last year amid legal wrangling.
The London Legacy Development Corporation (LLDC) said bids will be assessed before any negotiations begin.
Plans for a grand prix circuit were tabled by Intelligent Transport Services, in conjunction with F1.
F1 chief Bernie Ecclestone said last month that he had been consulted by the Intelligent Transport Services company about plans to use the stadium for a race.
He has separately said that plans for a race on a 3.15 mile (5.1 km) London circuit taking in sights including Buckingham Palace, Big Ben and Trafalgar Square were "no joke".