The Olympics

The Olympics


News, information and stories about the Olympic Games.

Thursday, 11 February 2010

No Bailout Needed

Jacques Rogge, the International Olympic Committee president, has told The Daily Telegraph that there is no need for the IOC to offer bailout money to the London 2012 Olympics, as it has done for Vancouver.

Seemingly, in the eyes of the IOC, the finances of the games are robust. This in spite of the fact that the London Olympics "budget" now stands at £12BN (including £2BN running costs) and is likely to exceed that amount as and when the final reckoning is made.

Doubtless the hapless British taxpayers, who have been saddled with paying for this monument to Labour's folly, agree wholeheartedly with Rogge and are happy to pay for them!

Olympic Medals won during the Beijing 2008 Olympics

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