Olympics: Deal struck in 2012 row

LONDON: The British Olympic Association (BOA) and the organisers of the 2012 London Olympics have settled their acrimonious financial dispute which threatened to affect the home team’s preparations for the Games.

The settlement means the BOA has lost its bid to secure a greater share of the profits from the 2012 Games. The organisation wanted its 20 per cent share based on income from the Olympics without taking into consideration the costs of the Paralympics. But the London organisers, backed by the International Olympic Committee, won their argument that no calculations can be made until both events are completed.



Published in The Express Tribune, April 20^th, 2011.