London 2012 Olympics Tickets Tours Hotels: Money Fight Between London 2012 Organisers and British Olympic Association

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Going Rogge. IOC President
has sided with London 2012
in a dispute with the BOA.

As Spyns diligently prepares to launch our London 2012 tours page, we are constantly reminded the modern games are about money. The British Olympic Association and London 2012 organisers are up to their ascots in a dispute about who gets excess cash (if any) from the London 2012 games. The BOA today suffered a blow in their cash dispute with London 2012 organisers after the International Olympic Committee ruled against them. The IOC say their ruling should be final and binding but it may not mean the end of the row - the BOA had previously lodged a submission with the Court of Arbitration for Sport (CAS) in Lausanne. Raise your hand if you've never heard of the CAS. Thought not.


Of course the issue surrounds any money left over after the London 2012 Games - the BOA are due to get a cut but claim the running costs of the Paralympics should not be taken into account when calculating the surplus. Clever because the Paralympics are a notorious money-loser. London 2012 have disputed this and now the IOC have ruled against the BOA, with IOC president Jacques Rogge signing the decision. An IOC spokesman said: "The IOC was asked to reach a final and binding decision on how the surplus of the Games should be defined. Having studied the documents and the past recent history of the Games bidding process we have decided that the word 'surplus' clearly represents the financial results from the staging of the Olympic Games and the Paralympic Games combined. The IOC would like to see a swift resolution to this dispute - to allow all parties to concentrate on delivering what will be outstanding Games in London next year."


London 2012 organisers welcomed the IOC's finding and claimed the issues now settled. A spokeswoman said: "We are pleased that the IOC has ruled on this technical point confirming we should continue to determine any surplus on the basis of combined costs and revenues from both the Olympic and Paralympic Games. "Now this is settled we look forward to moving ahead together with the BOA to realise our shared vision of hosting a spectacular Olympic and Paralympic Games." London 2012 stressed the dispute would not affect the staging of the Games next year nor the preparations of the British athletes.


If the BOA proceed with their claim to CAS that the word 'Games' in the host city contract refers to Olympics and not Paralympics, the IOC's ruling means they will be directly challenging a written decision from Rogge.  In biblical terms, this would be a bit like challenging the big man regarding the validity of one of the ten commandments. That could have repercussions in terms of longer-term relationships between BOA leaders and the IOC. Damn straight!

Spyns is an active travel company based in Whistler, BC (Canada). For more information about Spyns and our package tours to the 2012 London Summer Olympic Games, including London Olympics hotels, London 2012 tickets, and summer games VIP access, please visit our websites http://www.london-olympiad.com/ http://www.london2012-tours.com/ and http://www.london-tours-2012.com/ or call us toll-free at 1.888.825.4720.