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Funding

LOCOG want more from lucrative new IOC TV rights

The £1 billion VAT “black hole” in the planning for the London 2012 Olympics might yet be overcome by extra cash from a record-breaking $3.8 billion deal that the International Olympic Committee has signed with international television broadcasters.


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Plundering other Lottery funded projects

Negotiations are taking place between the Treasury and the Department for Culture, Media and Sport to establish a new public-sector funding package for the games. The budget for building the venues and infrastructure is £2.375bn, plus £1.044bn for regeneration. The government has already admitted that the £220m security budget will rise and is considering whether to include up to £2bn worth of regeneration work in the Lower Lea Valley - in the area of the games - in the overall budget. The games may also face a £250m VAT bill on construction work.


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Positive discrimination for disadvantaged athletes

Adedoja Atanda is 13. She likes dance, violin and football and, all things being equal, she is destined to take part in the 2012 Olympics.

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