Live updates

Top honour for Laura Trott

Laura Trott with Dani King and Joanna Rowsell
Laura Trott with Dani King and Joanna Rowsell Credit: PA

Cyclist Laura Trott will be made an OBE for services to her sport following her exploits in the velodrome last summer, when she won two gold medals at her first Olympics.

The 21-year-old, who was born with a collapsed lung and only took up sport on the advice of doctors, repeatedly smashed the world record on the way to the team pursuit title alongside Dani King and Joanna Rowsell, before standing atop the podium again after winning the Omnium two days later.


LOCOG adviser: 'Hard work' delivers BOA cash boost

London 2012 organisers have raised £2.41 billion from the private sector to stage the Olympic and Paralympic Games. London 2012's chief financial officer Neil Wood said:

Over the past six months the small team of people that remain within the company having been working to meet the necessary steps in the dissolution process.

This has included closing out thousands of contracts and selling off or, where possible, gifting thousands of assets to other organisations such as schools, charities, sports and community clubs. It is thanks to this hard work that we have been able to deliver such positive results.


Paralympic Association 'delighted' to receive cash boost

The British Paralympic Association (BPA) has welcomed the news that the organising committee of the London 2012 Olympics will give £2.6 million to the cash-strapped organisation. BPA Chairman Tim Reddish said:

We are delighted to receive this payment and congratulate the LOCOG commercial and financial teams on doing such a fantastic job to maximise revenues from sponsorship and licensing.

They have worked with our brand over the past seven years and have returned it to our sole charge bigger, stronger and with many more people aware of its value.

The money announced today will be used by the BPA to support both its mission of making the UK the leading nation in Paralympic sport and our vision of ‘through sport, inspiring a better world for disabled people’

BOA receives £5.3m from Olympic committee surplus

The cash-strapped British Olympic Association today received a £5.3 million windfall as a result of the organising committee of the London 2012 Olympics reporting a surplus in its final accounts.


Final accounts show Locog made a small profit of £30m on a turnover of £2.5bn. @itvlondon


British Olympic Association gets £5.3m and British Paralympic Association £2.6m. @itvlondon


The government gets £20m towards the cost of renting the athletes' village. @itvlondon

Lord Coe praises Olympic effort as LOCOG winds down

Chairman of LOCOG, Seb Coe. Credit: Anthony Devlin/PA Archive

The chairman of the London Olympic Committee has said today that they have delivered an "outstanding" Games this summer, as the organisation begins its dissolution process.

Lord 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.

"It means we can make payments to the BOA and BPA, allowing both organisations to move into their next round of Olympic and Paralympic commitments with some additional certainty".

"[...] While also leaving a legacy for the International Inspiration charity and Join In Trust for them to continue their excellent work.”

London 2012 publishes final report ahead of dissolution

The London 2012 Olympic Committee has published its final report for the the six month period up to March 2013, as it begins its dissolution process.

  • LOCOG will make payments of £5.3 million to the British Olympic Association (BOA) and £2.6 million to the British Paralympic Association (BPA)
  • LOCOG will pay approximately £20 million to the Department for Culture, Media & Sport (DCMS)
  • Royalties of £1.3 million received but not required to fund the operation of the Games will be donated to Games legacy projects, with £1 million going to the International Inspiration charity and £0.3 million going to the Join In Trust.
Load more updates


Today's top stories