
Future funding? Michael Johnson and local children try out a new track in the London 2012 Olympic Stadium / LOCOG
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LONDON (AP)—Britain’s Olympic and elite sports bodies urged small businesses
Monday to invest $23 million in developing athletes for the 2012 London Games.
Olympics Minister Hugh Robertson said “supporting the Olympics is not just
something big multinationals can do.” Sports funding in Britain is provided by
the government and National Lottery.
The initiative called Team 2012 wants 750 firms to invest more than $30,000
each to help reach a nearly $39 million fundraising target. Visa and private
donations will also contribute. British Olympic Association chairman Colin
Moynihan said the goal has been halfway met.
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IOC: Solid progress continues on 2012 Games with two years to go
08 Jul 2010The International Olympic Committee (IOC) has reported on ‘solid progress’ following the most recent Coordination Commission visit to London.
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Jacques Rogge: London meetings with Olympic organisers
SPECIAL CORRESPONDENT / Sports Features Communications
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