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03/13/2010 09:18 PM ID: 83325 Permalink   

British Lottery May Not Be Paid Back for Funding London Olympics
 

The Olympic Delivery Authority (ODA) has announced that it cannot promise to pay back the money taken from the National Lottery in Britain to fund the London Olympic games in 2012. Over £2 billion has been used.

The initial plan was to reimburse the National Lottery with money gained from selling land after the games, but now ODA chairman John Armitt has said: "I would not guarantee anything." He was speaking before the Public Accounts Committee.

The PAC said in response to Mr. Armitt´s assertation: "The Lottery has given up £2bn to good causes to you. It is absolutely essential they get some of the money back."

 		 
  Source: news.bbc.co.uk  
    WebReporter: Lois_Lane Show Calling Card      
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  9 Comments
  
  ~  
 
Is it just me is or are the Olympics just a pointless, ceremonial leach on their host countries nowadays? Who even cares about the Olympics anymore? It´s like the Golden Globes of sporting events; just a circlejerk event of athletes, by athletes, for athletes.
 		 
  by: velger   03/13/2010 09:30 PM     
  Just not the same anymore...  
 
Yeah, it´s just not the same anymore. I remember when I was a kid growing up, the Olympics were exciting and we all looked forward to watching them and now days I could care less.

It´s just not the same. :(
 		 
  by: kristmen   03/13/2010 09:34 PM     
  Olympics  
 
It united our country if just for 1 day. 80% tuned into the gold metal hockey game. Strangers were hugging and high 5´in. I live 8 hours from Vancouver and most of the people that called into talk radio complaining about the Olympics coming here had a 180 of opinion after it was over.

We ran out of condoms :)

p.s. Its "hockey" not "ice hockey" Where the hell else would you play hockey? Grass? please...It would be like calling baseball "grass baseball" or "wood basketball" lol...
 		 
  by: t-bagger   03/14/2010 03:57 AM     
  ^  
 
field hockey, road hockey, tonsil hockey, underwater hockey

:p
 		 
  by: JayWar   03/14/2010 04:01 AM     
  Exactly velger and kristmen  
 
These events have outlived their utility. They were a form of entertainment when we were kids and there were only three television networks. Now, we have hundreds of television stations, video games and we have the internet which has.... everything.

Come to think of it... those original three television networks are just about as outdated as the Olympics. :)

I don´t wish any ill will on the British people, but their government is living in the past and if they don´t get a handle on it things will get a lot worse before they get any better. I see the same for my fellow Americans.

BB
 		 
  by: bbeljefe     03/14/2010 04:38 AM     
  I ..  
 
do not see it as bringing the world together. After all china has done it was held there, it ended right there for me.

Oh well I will stop buying my lotto tickets.
 		 
  by: captainJane     03/14/2010 01:32 PM     
  dumb loan  
 
it should be set up so teh lottery got all money as it came in until the loan was paid off. THEN the olympics got what was left!
 		 
  by: shannon853   03/14/2010 04:35 PM     
  Yeah well  
 
Same s***, different day for the UK I´m afraid...

So who actually owns all this Prime Capital City Realestate then?
 		 
  by: spacechimp     03/15/2010 02:39 PM     
  @t-bagger  
 
Roller hockey, of course. On pavement or a ring. In places lacking ice it´s a little unusual to think of it as being the default choice.
 		 
  by: H. W. Hutchins   03/23/2010 05:37 PM     
 
 
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