London Olympics cost overruns

Hidden spending of £2.7 billion for the London Olympic Games has been revealed.

Money slated to deliver a so-called legacy for the 2012 Olympic Games have been cut by the London Development Agency after a bungled land deal blew a £160 million hole in its budget.

From an article in today's Telegraph.

Even PY knows that we can't hack it - and lets face it he should know about sinking ships!!

In another example of the farcical explosion of costs on the London Olympic games, a two week sporting event in east London in 2012, it has been reported that CLM, an outfit tasked with keeping the bi

Has the London Development Agency found another way to waste taxpayers' money on the London Olympics?

The government admitted yesterday that the £1.1 billion Olympic Village for the 2012 Olympic Games in London will now be paid for by the taxpayer after all private sector offers were turned down.

The latest set of cost overruns for the London Olympics were admitted today.

The London Olympics "contingency fund" is quickly disappearing. The government has approved a £461 million bail-out after private investment failed to materialise.

An official report into the 2012 Olympic stadium has finally realised that the absurdly expensive Olympics stadium will just be an unused white elephant in the middle of nowhere within four years.

Nortel, a £50 million sponsor for the 2012 Olympic Games in London, filed for bankruptcy protection in the United States today.