The Malaysian Insider :: Sports
The Malaysian Insider :: Sports |
| Sponsors help London Olympics organisers to balance books Posted: 13 Nov 2012 07:08 AM PST  Sponsorship deals and record revenues from the sale of almost 11 million tickets helped the London Olympics organisers pay the bills. — Reuters pic The income covered the core costs of putting on the world's largest sporting event, said Paul Deighton, the former Goldman Sachs banker who served as chief executive of the London Organising Committee (LOCOG) for the Games in July and August. The British government separately provided almost nine billion pounds of public money to build and provide security for the venues in east London for the Games. "Throughout this period we have made clear our aim for LOCOG to break even, and we remain confident that our revenues will meet our costs," Deighton said in a written submission to the London Assembly released today. The success of the London Games has earned Deighton a position with the finance ministry overseeing delivery of infrastructure projects. He will take up the role at the start of next year. London organisers raised almost £750 million through domestic sponsorship deals with more than 40 businesses including oil company BP, British Airways and telecoms company BT. That was almost on a par with the sum reported by Beijing after it hosted the Games in 2008 and almost four times what Athens generated in 2004, the last time the summer Games were in Europe. Revenue from ticket sales also topped forecasts at a record £659 million after near sell-outs crowds for both the Olympics and Paralympics. The fact that any tickets were left over will irk some Britons who were unable to get in to see live action after missing out in an initial ballot for seats. The majority of more than 300,000 unsold tickets were for early rounds of Olympic soccer, LOCOG said. It also said it had made thousands of free tickets available to students, soldiers and volunteers after embarrassing gaps appeared in the areas reserved for media, athletes and officials early in the Olympics. The previous highest figure raised from ticket sales was US$551 million (RM1.7 billion) generated by Sydney in 2000. — Reuters |
| Javelin champion Spotakova takes year off to have baby Posted: 13 Nov 2012 06:26 AM PST PRAGUE, Nov 13 — Olympic javelin champion Barbora Spotakova is pregnant and will not compete in 2013, news website www.idnes.cz reported today. Spotakova, 31, retained her Olympic title at the London Games and also won the Diamond League series this season. The Czech world record holder is due to give birth early next summer but plans to continue training for the time being. "The doctor told me I can continue doing sports. I will remain at work, but probably in a different mode," she said. Spotakova intends to return to competition in time for the 2014 European Championship in Zurich. — Reuters |
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