The Times reports that chief operating officer of Goldman Sachs Europe, Paul Deighton, will head up the Olympic Games organising committee.
The 458th richest man in the UK, (with £100m of his wealth attributable to his shares in the investment bank) will take up the £300,000 a year position next year.
Lord Coe commented that:
“We […]
A crisis meeting over funding was held to discuss the failure of Gordon Brown to confirm in his Pre Budget announcement what funds would be made available for training athletes in the lead up to the 2012 Olympics.
Simon Clegg, the BOA chief executive commented:
“The sole measurement of the Games won’t be on how efficient […]
Already costs for the 2012 Olympics are looking like they are on the up. Proposals for the new aquatic centre, designed by Architect Zaha Hadid, have doubled in cost, since the hosting proposals.
In a sign, perhaps, that the Government will not stand for over indulgence in this massive construction project, the Olympics minister Tessa Jowell […]