Lord Coe has waded into the dispute between the knobheads running the British Olympic Association (BOA) and Locog.
The dispute is over how any post Games surplus (there's optimism for you!) should be defined.
The BOA argues that the surplus should be calculated before any loss from the Paralympics is taken into account. Locog and the IOC argue that the Olympics and Paralympics should be treated as an integrated whole.
Lord Coe is thoroughly fed up with the increasingly absurd and greedy position taken by the BOA, he is quoted in the Telegraph as saying that it is a "spurious case":
"This is not about a sum of money or a contractual misunderstanding, this is very clear, and the best demolition of that case is the IOC's judgment and they are the only appropriate organisation to adjudicate on that.
The Government have made it very clear there is no public money in settlement of that case, the IOC have made their position clear and as the organising committee we are running hard to maintain a balanced budget."
Sadly for Lord Coe the BOA are not listening, and are simply not interested in facing reality.
Olympic Medals won during the Beijing 2008 Olympics
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