POSTED: March 18th 2011
NewsUpdate

Funding row goes to CAS as 'alphabet war' sees IOC back LOCOG against BOA

Lord Moynihan: leading for the BOA / Fotosports.com
Lord Moynihan: leading for the BOA / Fotosports.com

KEIR RADNEDGE / Sports Features Communications

LONDON/LAUSANNE: The embarrasing funding clash between the British Olympic Association and the organisers of the 2012 Games appears to be heading for a showdown in front of the Court of Arbitration for Sport.

This was stated as the likely fallback of the BOA - according to chairman Lord Moynihan - if it lost out in a mediation appeal to the International Olympic Committee - which is exactly what has now occurred.

The BOA feels it deserves a bigger cut of any surplus once the main 2012 Games end but the IOC has upheld the claim of LOCOG which thinks the original commercial settlement to have been fair. It also laid down that any surplus should go towards helping pay for the loss-making Paralympics.

A BOA statement, confirming the appeal to CAS, said: "Decisions made by CAS are final and binding, and CAS is the agreed forum for resolution as specified by the Olympic Charter and the key contractual agreements between the various Olympic stakeholders," read a BOA statement.

"We are confident this will result in a solution that is equitable for all, and will ensure the London 2012 Olympic Games serve as a catalyst for the continued growth of sport, and expanded levels of support for athletes, throughout the UK. This will be achieved by ensuring that surplus revenues from the Olympic Games are designated for exactly these purposes."

The BOA has refuted reports that a funding gap would affect its support for Team GB athletes.

LOCOG - chaired by Lord Sebastian Coe - issued a statement reading: "This is a narrow technical point which does not affect the staging of the Games next year nor the preparations of the British athletes.  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."


Keywords · BOA · LOCOG · Moynihan · IOC · CAS


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