@MatthewBeard reports 'Lord deighton got total bonuses over six years of £1.4m, includes max windfall of £700k for "inspiring a generation". coe salary £535k' - of course he didn't inspire a generation, sport participation in the target generation of 16 to 25 year olds went down.
Submitted by Julian Cheyne on Fri, 08/02/2013 - 14:15.
Inflation is a feature of Olympic Games. Not just in cost. Sochi’s Organising Committee chairman, Dmitry Chernyshenko, predicts a 17% rise in tv viewing figures to a total of 3.4billion viewers for the 2014 Winter Olympics.
Submitted by Julian Cheyne on Tue, 05/02/2013 - 01:43.
The New Year’s Honours list revealed interesting definitions of what it is to be heroic. Sports men and women like Wiggins, Ennis and Ainslie were granted top honours and Lord Coe became a Companion of Honour, a special honour given for service of conspicuous national importance and limited to 65 people at any one time.
Submitted by Julian Cheyne on Mon, 14/01/2013 - 17:47.
More trouble with stadiums. Is this a record? For one Summer Games' stadium to remain out of action until after the next Olympics has ended? In London the LLDC has now said the Olympic stadium may not be used until August 2016. West Ham still seems to be the leading bidder in a race with Leyton Orient, Formula One and the UCFB College of Football Business with the NFL a wild card. In typical Olympics fashion Karren Brady has been talking up the jobs that will be created if West Ham win, claiming a thousand jobs will be created at the stadium. And, of course, in case we forget, where the Olympics are concerned property development is at the heart of the project and West Ham expect to make a killing on the redevelopment of their Green Street site
And then there's that budget again. The original cost of the stadium rose from £280m to £496m despite InsidetheGames reporting otherwise! Now a further £200 million may need to be spent on modifying the stadium for its future lessee on top of the £500 million already splashed out on its construction. In the meantime the LLDC will have to pay for the maintenance of the stadium while it lacks a tenant. As if that was not enough, the promise to continue to provide an athletics track has resurfaced as, if the stadium is not equipped with covered seating for one of these lessees, the deal with the IAAF for the Athletics World Championships in 2017 may have to be renegotiated. This could presage further trouble between the BOA and other parts of the Olympic team as S Coe, already a vice-president of the IAAF, has an ambition to head that body and retaining the stadium as an athletics venue is critical to that objective!
Hardly surprisingly after recent controversies the LLDC appears to have adopted a position of extreme caution in its planning. Dennis Hone, new Chief Executive of the LLDA, is reported as saying: “We need to make a decision on which of the four, if any, will provide the best long-term option and the best value for money. But it is important to remember that this is a 100-year lease we are talking about with the Stadium so we have to get it right.” 'If any'!
But London is not the only Olympic city to be experiencing stadium blues. Rio is wracked with controversy over the fate of the famous Maracanã stadium and sports complex. A public hearing into the privatisation of the stadium and complex was interrupted by a demonstration with hundreds expressing their disgust at the manoeuvrings of the authorities. Close on a billion dollars have been spent on programmes to upgrade the facilities. The football stadium has been closed for years as earlier programmes have been reversed. Now, despite promises from politicians like the present Mayor of Rio who said that “the privatization of the Maracanã is inconceivable”, privatisation is the preferred option following a well trodden path in mega events of public money being used to advance private interests. ‘Consultation’ takes the familiar form of presenting an agreed plan and ignoring objections. As Christopher Gaffney writes:
'The expenditure of public money on public works to be handed to private interests that involves the destruction of a top-performing public school, a century-old indigenous heritage site, and two Olympic quality training facilities in order to generate even more profit for Brazil’s richest man, is a perversity that boggles the imagination.'
Submitted by Julian Cheyne on Mon, 12/11/2012 - 00:54.
Well what a coincidence! SebCo Ltd is about to publish his biography - the auto version.
Submitted by Julian Cheyne on Sat, 27/10/2012 - 23:17.
Now that he's preparing to move on to greater things in the world of sport administration Lord SebCo Ltd has decided to cash in his Complete Leisure Group Limited at a reported profit of around £12million by selling up to Chime, who also took over Alan Pascoe's Fast Track Sales Ltd, formerly vice-president of the London 2012 Bid team. Another shareholder to benefit from the sale of CLG is Foreign Secretary William Hague.
Submitted by Julian Cheyne on Fri, 26/10/2012 - 08:17.
Nuff said: hat tip The Space Hijackers. official Olympics Protestors and gene
Submitted by Steve Dowding on Thu, 02/08/2012 - 15:22.
Submitted by Martin Slavin on Mon, 30/07/2012 - 12:07.
Submitted by Steve Dowding on Fri, 13/07/2012 - 23:57.
Submitted by Julian Cheyne on Fri, 29/06/2012 - 00:45.