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London 2012 reveals final accounts


30 May 2013
London, England: The Organising Committee for the London 2012 Olympic Games today published its final report and accounts for the six-month period to March 31, 2013. Over its eight-year life cycle, LOCOG achieved revenues of GBP 2.41 billion through private sector revenue programmes and contained costs at GBP 2.38 billion. The full report can be viewed on the London 2012 website.

Commenting on the announcement, LOCOG Chairman Seb Coe said: “One of our key objectives was to deliver an outstanding Games within a balanced budget and I am proud to say that we have achieved this, thanks to the strong management of our core finances.”

This final result now means that LOCOG will make payments to the British Olympic Association of GBP 5.3 million and the British Paralympic Association of GBP 2.6 million to honour its contractual obligations under their respective Joint Marketing Plan Agreements.

Source:
www.olympic.org
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