Written by Jimbo123
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Topics: London 2012

Saturday, 5 June 2010

image for Seb Coe £1m bonus "An insult"
"I get twice as much from a hair replacement company"

Sir Sebastian Coe has launched a vitriolic attack on the Olympics Remuneration Advisory Board for what he describes as an 'unrealistic' and 'insulting' pay offer.

"First I slog my way round the track in daft athletic events, then I have to fly around the world watching sport - and this is the thanks I get!?"

The problem is said to centre of the fact that Coe had been told by accountants to expect a £100m windfall before discovering they had put the decimal point in the wrong place.

The spat represents the latest in a long line of mishaps that have dogged the 2012 Olympics Planning Commitee since the bid was accepted in 2005;

The initial budget ballooned from £2.6bn to £10bn although it is expected to hit £20bn even though the host venue of Stratford still looks like 'somewhere to die'.

Sources also say the swimming pool would of been cheaper to build in solid gold and due to a recruitment mix-up, the chairman was a dog called Charlie for 3 days in 2009.

Sources close to Coe said "They'll probably give him £100m anyway now - as long as he calms down."

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