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LOCOG want more from lucrative new IOC TV rights

The £1 billion VAT “black hole” in the planning for the London 2012 Olympics might yet be overcome by extra cash from a record-breaking $3.8 billion deal that the International Olympic Committee has signed with international television broadcasters.


Plundering other Lottery funded projects

Negotiations are taking place between the Treasury and the Department for Culture, Media and Sport to establish a new public-sector funding package for the games. The budget for building the venues and infrastructure is £2.375bn, plus £1.044bn for regeneration. The government has already admitted that the £220m security budget will rise and is considering whether to include up to £2bn worth of regeneration work in the Lower Lea Valley - in the area of the games - in the overall budget. The games may also face a £250m VAT bill on construction work.


Positive discrimination for disadvantaged athletes

Adedoja Atanda is 13. She likes dance, violin and football and, all things being equal, she is destined to take part in the 2012 Olympics.

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