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May 31, 2020

FEMALE MEMBERSHIP OF IOC COMMISSIONS REACHES AN ALL-TIME HIGH OF 47.7 PER CENT - TWO…

THE INTERNATIONAL OLYMPIC COMMITTEE (IOC) ANNOUNCED TODAY THE COMPOSITION OF ITS COMMISSIONS FOR 2020. THE…
May 28, 2020

TTOC to roll out covid19 relief to athletes

The TT Olympic Committee (TTOC) is currently finalising the criteria needed for athletes to benefit…
May 26, 2020

OpEd: The IOC Stands in Solidarity With All Athletes and All Sports

Much has been written lately about the International Olympic Committee (IOC)’s finances. Some of these…
May 26, 2020

Stellar example Duncan teaches art of adaptability

Marcus Duncan knows how to adapt to different circumstances. While other athletes have suffered because…
May 24, 2020

Chow remains focused Olympic rower trains harder during lockdown

For Team Trinidad and Tobago’s top rower Felice Aisha Chow, being defeated by the circumstamces…
May 23, 2020

TTOC President Lewis claims cancellation of Tokyo 2020 would put NOCs in "a big hole"

Trinidad and Tobago Olympic Committee (TTOC) President Brian Lewis claimed the cancellation of the Tokyo…
May 22, 2020

Lewis: Olympic cancellation not good for NOCs

Brian Lewis, president of the T&T Olympic Committee says a great number of National Organising…

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Source: www.sportbusiness.com

Jeremy Hunt, UK Culture Secretary. Photo courtesy: guardian.co.ukUK Culture Secretary Jeremy Hunt has called for a swift resolution to the current dispute between the British Olympic Association (BOA) and the organising committee for the London 2012 Games (LOCOG).

The BOA, which is effectively seeking a bigger cut of any financial surplus to arise from the Games, is taking its dispute with LOCOG to the Court of Arbitration for Sport in Lausanne, Switzerland. The disagreement escalated late last week when BOA chairman Lord Moynihan and CEO Andy Hunt were barred from LOCOG board meetings.

"This is not the right argument to be having so close to the Olympics in our country," Hunt told BBC Radio 5 Live's Sportsweek. "I think it is an extraordinary thing that just over a year before the Games that we are going into this sort of dispute, which frankly is not going to benefit anyone."

Hunt added: "We need to sort it out quickly, it is just very disappointing and I do not think anyone would say it is the right way to be focusing our energies...I can't really see how anyone's going to be a winner from this because there is no more money."

The dispute centres on whether the BOA is entitled to a share of the surplus from the Olympics alone, or the Games and Paralympics combined.

The BOA has insisted the two events should be kept separate on the final balance sheet, but the International Olympic Committee recently backed LOCOG's claim that the Olympics and Paralympic Games should be combined before surplus payments are distributed.