Olympics Will Run To Budget TTM Global Understands

Feb. 29, 2012 - PRLog -- TTM Global understands that a £527m contingency budget is available to the organising committee if it is needed. However with only 150 days until the start of the games the fund is still in tact.

TTM Global Director, Tony Roberts said, “We need to be mindful of the fact that the current budget of £9.3bn is already four times the original estimate that was submitted with the 2005 bid.  The original budget was set at £2.4bn and then increased to £9.325 in 2007 and finally to the current figure of £9.298bn in May 2010. That said we should be impressed that the planning is still on-time which is fantastic news.”

Back in December the National Audit Office had warned that the £9.3bn budget was likely to be exceeded. This was after the government decided to double to the budget of the opening and closing ceremonies to £80m and an extra £271m to increase security in and around the venues.

Mr Robertson also said that there would be full transparency over the ticketing process, once all the numbers were in. He said “We have made it absolutely clear to them that as soon as the ticketing operation is complete they will be expected to produce a full and transparent breakdown.” He added that the “vast and complicated” ticket system meant that it was only fair to allow them to complete the full process and then release the results.

Mr Roberts is encouraged by this final announcement, “A lot of people have been frustrated by the ticketing process. It seems to have been protracted and a lot of people, particularly Londoners who will have to put up with the disruptions, have complained that they haven’t been able to get a single ticket. I think that if people can understand how the tickets have been distributed they will be much happier.”

TTM Global is excited that Newcastle University is one of the London 2012 training venues. Cochrane Park Sports Ground will serve as a dedicated football training venue between 11th July and 5th August for games taking place at St James’ Park. “I’m certain that we will be heading down to the grounds to try and catch a glimpse of the GB team.”

TTM Global wishes all of the GB Olympic teams the best of luck this summer!  

http://www.ttm-global.co.uk

# # #

TTM Global Limited specializes in outsourced direct sales and brand awareness. Practicing professionalism while generating new customers daily and allowing Clients a guarantee return on their investment has made us a leader in the marketing field.