Lord Coe defends Olympic ticketing process
Lord Coe was again forced to defend the Olympic ticketing process today, saying people must not be "coy or naive" about the funding provided by businesses that have been given tickets.
Speaking on BBC Breakfast, he said corporate allocations accounted for only 8% of the total number of tickets available.
There has been indignation over tour operators including Thomas Cook that are now offering Olympic packages with tickets at significantly higher prices.
Lord Coe said: "The corporates are responsible for about 8% of the tickets, the high end ticket packages are actually only 1% of tickets.
"The corporates in large part pay for the Games, we shouldn't be coy or naive about that. Twenty five per cent of the operating budget for the staging of the Games comes from ticket sales, and the corporates are probably collectively contributing about £1.5 billion to what we're actually doing."
He said organisers were obliged to give one million tickets to overseas federations, including football governing body Fifa, which was recently embroiled in a scandal over alleged corruption.
"A percentage of those tickets go to international federations and governing bodies," Lord Coe said. "Fifa is an international federation. We are obliged to do that."
The international allocation is not "out of perspective", he said, and 75% of tickets will go to members of the public.
Hundreds of thousands of tickets will be available in a second round for disappointed Olympics fans.
Details of the process will be revealed on or before June 24, but it will be first come, first served.
Yesterday Dee Doocey, the Liberal Democrat London Assembly Olympics spokeswoman, called on politicians to give their tickets to members of the public.
She said: "With huge numbers of people disappointed that they have not yet received any Olympic tickets, it is simply disgraceful that so many politicians and their staff are set to get Olympic tickets without having to go through a ballot and with the bill often being picked up by the taxpayer.
"Politicians should get their snouts out of the trough and help ensure that up to 13,000 prime seats were now made available to the public."
Arsenal vs Manchester United: Danny Welbeck is not guaranteed a starting place - but Arsene Wenger hints at wide role
Paul Scholes column: England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil
Sami Khedira: Arsenal and Chelsea target signs pre-contract with Bayern Munich - reports
Arsenal vs Manchester United: Olivier Giroud and Mikel Arteta return from injury as Arsene Wenger delivers positive squad update
Dave Whelan: Wigan owner apologises for comments after Malky Mackay appointment but defends himself against anti-Semitism claim
- 1 'Not suppost to cry': 9-year-old lists the worst things about being a boy
- 2 Lee Evans announces his retirement from comedy on The Jonathan Ross Show
- 3 Iggy Azalea responds to Eminem rape lyrics: 'I'm bored of old men threatening young women'
- 4 These grandmas smoking weed for the first time are wonderful
- 5 Pastafarian former porn star Asia Lemmon allowed to wear colander in driving licence photo
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Muslims pre-date Columbus in discovering America,' says Turkish president Erdogan
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Former Tory PM Sir John Major says 'we would not have an NHS without migrants'
Revealed: How the world gets rich – from privatising British public services