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2012 Finance

North/south divide - South gets Olympic contracts

In 2005, when London won the 2012 Olympics, Seb Coe of Locog Ltd wrote "The London 2012 Games will provide a unique opportunity for businesses of all shapes and sizes across the UK, providing essential goods and services for this historic event." Unsurprisingly, as with most Olympic promises, the reality has turned out to be somewhat different.


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Olympic Games Impact Study for DCMS 2005

Olympic Games Impact Study: Final Report Dec 2005

Produced by Price Waterhouse Coopers for the DCMS to assess the likely national, regional and local impacts of hosting the Olympics in London.


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Expensive Olympics require expensive seats!

An Olympic source has said organisers are having 'fruitful discussions' about how much to charge for tickets with some in LOCOG and the government favouring £3,000 for the best seats at the opening ceremony and other key events. However, it seems some idiots have been making "public statements that the tickets would be affordable and that is causing some disquiet.”


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Raising the bar

Nice work if you can get it. The 228 permanent staff at the ODA are enjoying an average wage of £67,000 plus an average bonus of £13,700 on top, plus expenses of course. See

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Rogge gets confused over BP 2012 sponsorship

Jacques Rogge faces both ways over BP's sponsorship of the 2012 Olympics. On the one hand it is reported that the Olympic governing body is content to allow BP to sponsor the London Games provided the firm takes proper "corrective measures" to alleviate the oil spill in the Gulf of Mexico.


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No party for the rich?

Deighton was powerful enough to have become the 458th richest person in the country when he applied for the Locog position. He could afford the massive pay-cut

In one of two largely puff pieces in today's Guardian we're treated to a profile of LOCOG Chief Exec Paul Deighton's bankster past with Goldman Sachs. So we have some idea of where he's coming from in the second which leads:


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Higgins inadequately rewarded for awesome budget savings!

Today Mr Higgins kindly sent me an email message in which he said:

'We remain within budget and on track to complete the vast majority of the venues and infrastructure with one year to go.'


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Bringing Bhopal to Bow?

Dow Chemicals are to be announced as the IOC's new Global Partner?


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