BOA makes new offer in London 2012 cash row

The BOA chief executive, Andy Hunt, made a new proposal when he met his London 2012 counterpart, Paul Deighton (above) (Getty)

The first peace talks have taken place between the British Olympic Association (BOA) and London 2012 organisers to resolve their cash dispute.

The BOA chief executive, Andy Hunt, made a new proposal when he met his London 2012 counterpart, Paul Deighton, yesterday with further discussions expected next week.

The BOA is due 20 per cent of any surplus after the Games but say the cost of staging the Paralympics should not be taken into account when calculating that surplus.