The Olympic Games in London exposes to the sun the black hole of 100 million pounds The budget is overspended

The London mayor kisses the investigation of making

100 million financial black holes surface

March of this year, Boris, mayor of London? Johnson require that carries on financial examination to all Olympic Games organization, just in this customary inspection, the investigator finds there is financial black hole at 100 million pounds in the London Olympics organization. London government Ma Wei accounting firm to the agency for development of London appoint, subsequently ' Management organization about the economic commercial department of London) Carry on the investigation.

At present, two high-ranking officials in agency for development of London have already been suspended from the duty, a person among them has been named Blake, responsible for buying the land that the Olympic Green needs specially, another person is Blake's accountant. It is reported, during the process of buying the land, they have not prepared the compensation payment in order to move personnel, this sum of expenses is probably between 60 million to 100 million pounds. In order to build Olympic venues, a lot of citizens in London are forced to move, this sum of huge fund is originally used for compensating the relocation citizens lying in the Stratford of east of London, the residents not getting the compensation payment now are excited, have already initiated the enormous dispute in London. No doubt, this financial question not merely makes London BOCOG unusually unbearable, have even influenced the building-up work of the Olympic stadiums of London seriously.

Generally speaking, the financial affairs unusually relate to deposit the fund in mistake, but the financial black hole is really due to neglecting the fund is diverted on purpose this time, there is not a final conclusion yet for the moment. "It is beyond the scope of customary investigation to already investigate, enter administration of justice now and investigate stage. " The personage concerned said, the government of London determines to investigate and include in the judicial process, the Olympic Games is prepared to firmly believe the appearance of the financial black hole is to operate the fault in the organization, does not swindle on purpose, here, council's spokesman of the Olympic legacy thinks the financial black hole will be remedied in time, "we have already made some schemes of remedying, will not influence the process of venue construction. "

The problem lies in people have prepared to already hold the suspicious attitude in sincerity of the organization to London government and the Olympic Games now, the special department responsible for risk control has not discovered the problems in time in the council at first, in addition London municipal government perplex financial scandal too, London vice-mayor before the this because credit card store difference in expose and forced to resign.

The investigation to the financial black hole is still continuing, but can affirm, the blueprint that the London Olympics is being prepared in absolutely not hoping is so beautiful, under the pincer attack of deficit and scandal, the Olympic Games has already become a huge stone pressed on London government and BOCOG head.

The budget of main venue overspends nearly 200 million

The Olympic Games minister regrets applying for originally

In fact, even if no this time sensational financial black hole will appear, the preparing to awkward of the Olympic Games in London, Olympic Games minister Qiao Wei acknowledged 2012 Olympic Games budget was up to 9,350 million pounds in early time, it is 4 times at 2,350 million pounds estimated in advance while applying for originally, the more terrible one was, in the construction of Olympic venues, this budget is being broken constantly too.

In the latest report announced not long ago, only the construction expenses of main venues such as Olympic Games main court, swimming center,etc. were up to 1,360 million pounds, exceed the budget of 190 million pounds, and the urgent fund of 27 hundred million pounds which the British government compiled of 2007, has already put 2,200 million pounds to use now, there is not much left. "We see coarseness what original budget is now. " "No matter what reason, it's time to appear to clear up the mess in the government now. "

Face the predicament in economy, London BOCOG has already begun to consider cutting down athlete's dormitory in a large amount, it is reported, the room of Olympic Village of London is counted and compressed from 4000 to 2800, this has meaning the athletes when the time comes many people share a room, even so, this just as ridiculously inadequate effort to save a grave situation to Olympic Games construction which London spends money like water. Why does the London Olympics encounter the awkward situation for the moment? One of the answers is to sweep across the global economic crisis, this lets the Olympic Games of London prepared disasters pile up on one another, it is serious to rely on the credit crisis for the moment of London of the banking very much, the market of real estate is close to collapsing too, in addition, numerous sponsors are in the state of looking around, under the coercing of economic crisis, a lot of investors with intentional script withdraw one after another.

Consider, support deficient, fund gap have to subsidize by the Britain government finance, is Britain's Olympic Games delivered to office chief John? Armitt says frankly: "Situation and already totally different apply for, now, have terrible trend more and more, totally the government undertakes the expenses, this is a very extreme situation, it is what we do not want to see either. " You know, the financial deficit under the influence of economic crisis of Britain government has up to in the past 15 years highested.

Because such a pressure, Olympic Games, minister of London, and Qiao Wei quite cannot help but feels, she has even produced the repentant purpose of a silk in bidding for hosting the Olympic Games, " know such a situation of now (the whole world encounters the economic crisis) early ,We should bid for hosting the Olympic Games, though so, now we or can make great efforts, budget for, maintain 9,350 million at. "
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