The British Olympic Association last night announced it has taken its financial dispute with London 2012 directly to the Court of Arbitration for Sport to settle.
The shock move effectively bypasses the International Olympic Committee, which had been asked to mediate. The BOA is due to receive 20 per cent of any sponsorship and ticket money left over after the 2012 Games, but claims that the cost of staging the Paralympics should not be taken into account when calculating the surplus.
A BOA spokesman said: "The IOC have yet to respond so we have said to solve this quickly we will go to the Court of Arbitration for Sport in Lausanne."Reuse content