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Finance

Property companies eye Olympic profits

The Property world is getting excited by the interest supposedly being showed in the Athletes’ Village and the Media Centre. Of course, expressions of interest are not the same as money on the table. But even if the money does materialise what does this signify? That property tycoons see an opportunity to make a profit? And that profit will be made at a loss to the public purse of at least £150million on the Village and an unknown sum on the Media Centre.


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And now for something completely different

So, the security budget is being slashed by £125M. Plus the security budget is being increased by £280M. Perhaps the underlying logic is a smaller state combined with greater opportunities outsourced to private corporations? Oh, and of course there are tax concessions too!


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Backspin

VANCOUVER - A lot of people around the world watched the 2010 Winter Olympics, but not as many as the official Games-time estimate.

The International Olympic Committee’s Vancouver 2010 marketing report shows actual viewership was just over half the oft-repeated 3.5 billion estimate from IOC marketing director Timo Lumme's Feb. 23 news conference.


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That broken promise we'd all been anticipating

Cheap tickets for kids from the host boroughs? You betcha!
'
Alternatively, in the words of Greenwich's 'Great Leader':

Greenwich Council has accused LOCOG of making “secret deals” to price out thousands of youngsters from the host boroughs from watching the sports.


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Not only but also in Nigeria

We're now all quite familiar with the fact that Mega Events invariably go way over budget. insideworldfootball has the latest, revealing FIFA under-17 World Cup cost more than double the budget


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Raising the bar

Nice work if you can get it. The 228 permanent staff at the ODA are enjoying an average wage of £67,000 plus an average bonus of £13,700 on top, plus expenses of course. See

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Summer’s not a good time for a snow job

The IOC’s Vancouver 2010 marketing report was quietly published on July 6 lifting the lid a little on VANOC's financial information blackout, as

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