London: Lord Coe today revealed the logo for the Hackney Olympics for 2012 at a lavish press conference at Hackney Town hall.
Tenders for the logo were called for late in 2006 after the London Borough of Hackney, synonymous with waste and corruption was awarded the prestigious event. The winning logo features a fat, arrogant, twisted and corrupt Hackney counsellor shamelessly wasting public money in a glittering new overpriced stadium full of impoverished council tax payers.
In a twist to the proposed agenda, a local Hackney resident suggested that the Olympic Torch presently on its way to Beijing for the 2008 Olympics should be diverted via the London borough of Hackney to burn a large pile of public money. Such a burning has not occurred in public in the UK since the construction of a large tent in 1999 to celebrate the millennium.
It was also revealed that Lord Foster had been commissioned for the Olympic stadium, Gucci will be designing the ribbons to be used on the medals and Porsche will be building burger delivery vans. Furthermore, the UK central government will be building a new Gravy Train from an Ivory tower to be constructed in central London to the Olympic Stadium.
Construction is scheduled to start in 2010 and plans revealed state that strinking workers late in 2011 will double the cost of construction at some stage before September 2011. London borough of Hackney council taxes for 2007 will rise by GBP815,236.00 for a one bedroom council flat.