IOC Report Condemns Boa Over Row
Details of the British Olympic Association’s (BOA) case for more money from the London 2012 Games have been revealed by the International Olympic Committee (IOC), after the BOA ignored the IOC’s ruling over the cash row by taking its case to the Court of Arbitration for Sport.
The IOC clearly stated that it has the final say over any disputes arising from the Joint Marketing Programme Agreement (JMPA) which was signed six years ago after London was awarded the 2012 Olympic and Paralympic Games.
The nine-page ruling, signed by the director general of the IOC, Urs Lacotte, and director of legal affairs, Howard Stupp, shows little evidence that the BOA’s appeal to the Court of Arbitration for Sport will have any success, if it manages to get that far – according to media reports.
Clause 15.6 of the JMPA states: ‘The decision of the IOC will be final and binding on the parties and it is agreed that neither party will institute or maintain proceedings in any court or tribunal other than as set forth herein’.
The BOA believes its cut of any surplus should be based solely on the Olympic Games, but the IOC has backed the position of the London Olympic Organising Committee (LOCOG) – who believe the deal struck with the BOA in 2004 is fair.??
The BOA is due to receive 20 percent of any surplus sponsorship and ticket money after the Games, but is continuing to fight for a larger cut, claiming the cost of staging the Paralympics should not be taken into account when calculating the remaining funds.
