Monday, August 13, 2012

Lord Sebastian Coe to stay on as Britain's ... - BBC World News

London 2012 chairman Lord Sebastian Coe has been asked to stay on as Britain?s Olympic legacy adviser, making sure the Games have lasting economic and sporting benefits in the years to come. New role: Lord Sebastian Coe (Picture: Getty) He said he was very happy to accept the challenge but added: ?This is not a one-man mission. ?The whole nation has to get behind the legacy values here because this is a once-in-a-lifetime opportunity.? Lord Coe said his first challenge was to deliver the best ever Paralympic Games. Prime minister David Cameron yesterday revealed Lord Coe?s new role at the same time as praising the 70,000 volunteer ?Games Makers? who have been on duty over the Olympics. He also hinted that the smooth running of the Games could help ?turn around? Britain?s fortunes, lifting it out of the longest double-dip recession since World War II. ?You only need two words to sum up these Games ? Britain delivered,? said Mr Cameron. ?I want one of the legacies of these Games to be our athletes triumphing in Rio in 2016, and in future Olympic Games,? he said. Mr Cameron also confirmed that British athletes will receive ?500million of backing over the next four years, leading to Rio in 2016. But while athletes in the lead-up to the 2012 Olympics received ?60million from the Treasury, this will fall to ?40million per year by 2016. Much of the remainder will come from the National Lottery, which aims to contribute about ?80million a year. Silver medal-winning windsurfer Nick Dempsey said: ?Lottery funding has been the best thing to ever happen to sport ? it?s our bread and butter.?

Source: http://bbc-worldnews.net/2012/08/lord-sebastian-coe-to-stay-on-as-britains-olympic-legacy-adviser/

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