London Games facing 1 billion shortfall: report
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The 2012 London Olympics faced fresh financial concerns on Tuesday after reports that a slump in land prices could leave a one billion pounds "black hole" in the budget.
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The expected cost of the 2012 Olympics has risen from Â£2.4bn to at least Â£3.3bn, the culture secretary tells MPs.
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The total cost of Athens Olympics was nearly 9.0 billion euros (11.5 billion US dollars), almost double the amount forecast a year before the Games, Greece&#39;s Finance Minister George Alogoskoufis said on Friday.
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Paris, one of London&#39;s four rivals to host the 2012 Olympic Games, revealed details of its 3,200-page bid document today, focusing on the city&#39;s &quot;love of the Games&quot;.
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Special lottery games have already raised Â£150m for the 2012 London Olympics, organisers have said.
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The soaring cost of the 2004 Olympic Games looks set to drive Greece deep into debt, its prime minister warns.
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London submitted its final proposals to host the 2012 Olympic Games today, confident it had struck upon a âwinning formulaâ. Lord Coe, chairman of London
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Turin's Olympic Committee needs to raise  another 65 million euros from sponsors to meet targets for the  2006 Winter Games, its chief said on Monday after reports of a  huge budget gap had sparked a national political row. Turin's  mayor ordered an audit of Olympic spending after organizers  said they had a 180 million-euro ($227 million) hole in their  books due to sponsorship shortfalls and lower sales forecasts.
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The Olympics minister, Tessa Jowell, has pledged to keep an 'iron grip' on the cost of the London games after MPs warned that the project might run over budget and out of time.
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Some 1.5 million Chinese have been forced from their homes during preparations for the 2008 Beijing Olympic Games, a rights group said Tuesday.
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Some 1.5 million residents of Beijing will be displaced by the time it hosts the 2008 Olympics, many of them evicted against their will, a rights group said on Tuesday, prompting a sharp denial by China.
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NEW YORK: Tickets for the opening ceremony of the 2012 Summer Olympics will cost US$1,500 if New York City win the bid to hold the prestigious sporting event, it emerged on Thursday.
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Latest estimates of the costs of hosting the Athens Olympics put them at up to $10bn - a huge amount for a small country like Greece, once the poorest in the EU.
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London, Nov. 18 - London&#39;s 2012 Olympic bid could make a profit of Â£100 million which would be ploughed back into grassroots sport, it emerged today, while a strong Paris bid launched yesterday, stressing
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London Mayor Ken Livingstone denies the finances of the 2012 London Olympics are in a state of chaos.
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Every effort is being made to keep the cost down for the 2012 Olympic Games amid concern the budget is spiralling out of control, London's Mayor Ken Livingstone said Wednesday.
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London 2012âs bid book was released to the public Friday and shows that if London hosts the 2012 Summer Olympic Games, it is expected to make a 100 million pound profit, 60 per cent of which would be spent on grassroots sport in the UK with the