The Olympics

Thursday, March 15, 2007
  The Pig In A Poke

Tessa Jowell, the Culture Secretary entrusted with overseeing the London Olympics 2012, will announce today the budget for the games.

Cynics amongst you might ask why there is still no budget, given the fact that Britain bid for the games some years ago.

One would have thought that a bid could not have been put together, or indeed accepted by the IOC, without a budget. However, in the world of Olympic politics all things are possible.

My own personal guesstimate as to the costs, currently stands at £12BN (which includes £2BN running costs).

At a stormy session of the Commons public accounts committee last week, officials were accused of presiding over a "pig in the poke" and "Alice in Wonderland" finances.

Quite!

However, whatever the budget figure announced today turns out to be, you can be sure that by the time the Olympics are held in 2012 it will be much more than that.

Never allow politicians to become involved in large scale projects.

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Comments:
The 2012 olympics are well on their way to being a financial disaster.

Check out this interesting post on the announcement:

http://economicdespair.blogspot.com
 
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Welcome to The Olympics, which is part of www.kenfrost.com "The Living Brand".

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The 2004 Olympics in Athens generated considerable public interest around the world; more so than any previous Olympics.

The cost overruns, the delays in construction, the doping scandals and the security arrangements caused considerable controversy.

"The Olympics" provides up to date news, information and stories about the events in and around the Olympics from 2004 to the present day.

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To view The Olympics site resources, please got to site resources.

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In the Olympic Games 2000 there were 301 gold medals, 299 silver medals and 328 bronze medals awarded. A total of 928 medals in all. To see which countries won these, please visit Olympic Medals Awarded in 2000.

To view the photo gallery of the Olympics 2004, please visit The Olympics Photo Gallery 2004

Disclaimer: This web site is not affiliated with or funded by the International Olympic Committee (IOC), the United States Olympic Committee (USOC) or the National Olympic Committee (NOC) of any country.

Copyright Ken Frost 2004


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