Source: www.insidethegames.biz
By Tom Degun
Jeremy Hunt (pictured), the Secretary of State for Culture, Olympics, Media and Sport, has admitted that he was "very puzzled" by the row that developed between the British Olympic Association (BOA) and London 2012 regarding surplus from the Olympic and Paralympic Games.
The BOA are due 20 per cent of any surplus after the Games but are claiming the cost of staging the Paralympics should not be taken into account when calculating that surplus.
The organisation last week announced that they have temporarily suspended their decision to take the row to the Court of Arbitration for Sport (CAS) and have decided to reopen talks with London 2012 and while Hunt is confident that an amicable solution to the dispute will be found, he stated that he found the BOA's actions rather perplexing.
"I was very puzzled by what has happened [between the BOA and London 2012]," Hunt told insidethegames.
"This was not the right argument for us to be having so close to having the London 2012 Games.
"However I am confident that we're working our way through a solution on this and I'm very hopeful that we'll be able to go back to business as normal in the near future.
"So its fingers crossed."
Hunt, who was formerly Shadow Minister for Disabled People, met with London 2012 chairman Sebastian Coe yesterday to discuss the issue.
"The Paralympics means an awful lot to me," Coe told insidethegames.
"I never ever thought of myself going uniquely to win a bid to win an Olympic Games back [at the International Olympic Committee Session] in Singapore in 2005.
"I saw the legacy value of both the Olympic and Paralympic Games in equal measure and I continue to see just that."
Australia's top athletes are to receive an extra $3 million (£2 million) in funding to help them prepare for next year's Olympics in London following an announcement by Sports Minister Mark Arbib (pictured) today.
Brazil is to use the Crystal Palace National Sports Centre as its training base for the London 2012 Games, it has been announced.
The International Rugby Board are content for the sport's Olympics debut to be contested by sevens specialists rather than household names.
Great Britain's boxing set-up for the London 2012 Olympics has delivered the devastating news that Rob McCracken, head coach and performance director, has had his licence revoked with immediate effect by the amateur code's world governing body, AIBA. 