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Olympic budgets slashed in  
Posted on  30-01-2009 12:18:45 PM (GMT +00:00)
Published By  [email protected]

Eight 2012 sports their funding slashed because of a £50m budget black hole.

The moves could blow a hole in Team GB's effort of fielding a team in every sport for the Olympics.

Instead for fielding 46 shooters, only 10 will now be funded after its spending was ...


  
Army in 2012 warning - concerns mount 
Posted on  27-01-2009 07:12:40 PM (GMT +00:00)
Published By  [email protected]

A senior Army commander has warned MPs of "bureaucratic rivalries" that are hampering security planning for the 2012 Olympics.

The armed forces need clarity "as soon as possible" on their security role Commander-in-Chief Land Forces Gen Sir David Richards said.

Meaning the army may need new units, re-training ...


  
Boris' Chinese gamble pays off - 2012 investors 
Posted on  26-01-2009 02:06:26 PM (GMT +00:00)
Published By  [email protected]

It seems Mayor Boris Johnson's gamble on taking a slimmed down entourage to the Beijing games has pulled off.

Nearly 100 Chinese companies are now considering opening offices in London after Johnson's trade mission at last years Olympics.

Predecessor Ken Livingstone had organised an extravagant team flying first ...


  
Olympic chiefs raid contingency funds 
Posted on  22-01-2009 12:38:45 PM (GMT +00:00)
Published By  [email protected]

Olympic organisers have raided contingency funds to keep construction on track.

£461m out of the £2bn budget is being used to bail-out two projects after they failed to attract any private investment.

The £900m Olympic Village will receive £326m, while two media centres, costing a total of £355m, ...


  
Brown on site as 2012 hits halfway point - Business leaders announced 
Posted on  16-01-2009 01:07:05 PM (GMT +00:00)
Published By  [email protected]

Prime Minister Gordon Brown was on site at the Olympic complex today as the planning hit the half way point.

Brown said the games were a "job creator and growth generator" during the economic downturn - echoing the words of Olympic minister Tess Jowell that 2012 was "economic ...


  
No football, no rugby at 2012 stadium - official report 
Posted on  15-01-2009 05:40:05 PM (GMT +00:00)
Published By  [email protected]

The 2012 Olympic stadium will not be sold to a football or rugby club - according to an official report.

Sources say consultants think the venue can survive as a stand alone athletics course.

The £500m project has been rejected by clubs as the Olympic Delivery Authority is ...


  
 
Posted on  09-01-2009 04:32:59 PM (GMT +00:00)
Published By  [email protected]

The centre piece Olympic Stadium is on track to become a £500m white elephant after Leyton Orient's Chairman said the design had "no commercial value."

The Olympic Delivery Authorities instance of an athletics track around the 80,000 seater stadium, which keeps fans further away from the action, has ...


  
Former 2012 security chief - 'Games warning' 
Posted on  16-12-2008 02:11:52 PM (GMT +00:00)
Published By  [email protected]

The former head of security for the 2012 Olympics has warned that time is running out to effectively police the games.

Tarique Ghaffur, who up until the autumn was in charge of ensuring security for the three weeks of sports, claims security planning is being undermined by cost-cutting ...


  
2012 Velodrome moves up a gear - pictures 
Posted on  10-12-2008 03:45:55 PM (GMT +00:00)
Published By  [email protected]

This picture shows the £8m velodrome for the 2012 games is on track, say Olympic chiefs.

Workers have been digging out the distinctive bowl since August on the site of the old West Ham rubbish tip. There have been concerns over contamination from decaying refuse.


Around 48,000 ...


  
The 2012 private sector black hole - Jowell admits shortfall 
Posted on  10-12-2008 12:20:42 PM (GMT +00:00)


Olympics Minister Tessa Jowell has admitted that efforts to raise private funds to help build the biggest 2012 venues may end in failure.

When asked by a parliamentary culture media and sport committee yesterday whether it was possible no private funding would materialise she answered:

"Of course ...


  
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