BOA Official Would Not Have Voted For London 2012
The British Olympic Committee's (BOA) vice-chairman David Hemery, an Olympic 400m hurdles gold medallist, says he never would have supported London's bid for the 2012 Summer Olympic Games had he believed the organization would not be entitled to what he sees as a fair share of its profits.
Under the host city contract the BOA is entitled to 20 per cent of any surplus generated, but it wants its share before the costs for the Paralympics are deducted.
LOCOG, backed by the International Olympic Committee (IOC), says it always planned one budget for both events.
Hemery wrote in a letter to British sporting governing bodies, "in 2005 board members of the BOA were presented with an exciting proposal. Our then chairman Craig Reedie and chief executive Simon Clegg let the board know that if we voted in favour of hosting the 2012 Games, we would have to relinquish, for six years, our right to use the rings and the word "Olympics" to raise any funds.
"In exchange, the London Organising Committee of the Olympic Games, (LOCOG), would provide us with sufficient funding, in cash and value in kind, to keep the BOA going for the six years up to the end of 2012.
"However our understanding was that the real prize from agreeing to host the Games was the expectation that we would receive a significant financial legacy from a share of the operating profit.
"Our board would never have so enthusiastically voted in favour of the aforementioned proposal if we anticipated that in fact there would be a balanced budget with no sporting legacy beyond the buildings in London.
"To assert that we knew this all along is an insult to the common sense decision-making of the board members of that time".
Meanwhile BOA chairman Colin Moynihan met with Olympics minister Hugh Robertson Wednesday morning but reportedly was told there would be no extra money to resolve the issue.
Robertson said, "the government is not and cannot be a mediator in a dispute between two private companies and I reiterated that there was no additional government money available to help solve the dispute.
"I have encouraged the BOA to resolve the matter as quickly as possible in order to allow everyone to get back to making preparations to ensure London 2012 is a great success".Write or read comments about this article
- PyeongChang 2018 Shares Experiences
- GB Digest
- Doha, Dubai Ready To Host Olympics
- Super Car Race Event Boosts Buenos Aires 2018 Youth Bid
- Top Olympic Bid Stories of 2009: #4 Only Three Suitors Emerge to Bid For 2018 Olympic Winter Games