2012 Finance
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.”
Submitted by Julian Cheyne on Tue, 24/08/2010 - 03:33.
Blog | 2012 Finance | Economics | Sponsors
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
Submitted by Steve Dowding on Fri, 23/07/2010 - 02:03.
Blog | 2012 Finance | Corruption & Ethics | Finance | People
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.
Submitted by Julian Cheyne on Wed, 21/07/2010 - 01:52.
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:
Submitted by Steve Dowding on Tue, 20/07/2010 - 09:40.
Blog | 2012 Business | 2012 Finance | Finance | Mega Events | People
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.'
Submitted by Julian Cheyne on Fri, 16/07/2010 - 00:21.
Blog | 2012 Finance | Corruption & Ethics | Economics | Finance
Bringing Bhopal to Bow?
Dow Chemicals are to be announced as the IOC's new Global Partner?
Submitted by Steve Dowding on Tue, 13/07/2010 - 23:01.
Blog | Contamination | 2012 Finance | Corruption & Ethics | Displacement | Health | Human Rights | Protest | Sponsors
Ooooh look, more broken promises
Submitted by Steve Dowding on Tue, 06/07/2010 - 11:07.
Blog | 2012 Finance | 2012 Sport | Economics | London 2012 | Mega Events
Olympic Boroughs' hidden spending spree
Recent Freedom of Information responses from 2012 Olympics 'host boroughs' confirm the suspicion that local council funds and resources are being diverted into Olympics matters in ways that are not easily identifiable or accounted for. The lack of transparency and thorough accounting procedures make it almost impossible to calculate how much council tax payers are contributing to the 2012 Olympics as a whole, over and above the highly publicised £9.3billion budget.
Submitted by Charles Batsworth on Wed, 06/05/2009 - 11:40.
Article | 2012 Finance | Funding | Hackney | Newham | Tower Hamlets | Waltham Forest

