Olympic Times – Sports Daily

The British Olympic Association and the London 2012 organising committee have agreed to fresh talks aimed at settling their bitter financial row.

The BOA has asked the Court of Arbitration for Sport to indefinitely suspend its request to rule on the division of any surplus from 2012.

The BBC has learned that the BOA has also requested a meeting with Locog.

Despite claims that they wouldn’t back down, Locog have agreed to the talks.

Lord Coe, chair of Locog (London Organising Committee of the Olympic Games), told the BBC “Clearly it is sensible not to have a dispute running on.”

“In fairness of course we don’t see this as a dispute any longer because the International Olympic Committee have made their judgement, the Government has made its judgement, the Mayor’s office has made it’s judgement and our position at Locog is really clear – that we are running hard to maintain a balanced budget but beyond that I’m not going to speculate. I will wait to see what the meeting holds at the end of the week.”

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