Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

OLYMPICS / Barcelona 1992: Profit for games

THE people of Barcelona can be forgiven some confusion over the bill for the Games. Pre-weekend news that the government and city council were in dispute over dollars 250m (pounds 130m) of costs over budget prompted Pedro Palacios, spokesman of the organising committee, to say the Games would make a profit. How have they done this? The Games budget, he said, was separate from the dollars 9bn spent on pre-Games redevelopment of the city.