Revenue from sponsorship and ticket sales should top initial forecasts, putting the London Organising Committee on course to keep its side of the Olympic bargain, LOCOG chief executive Paul Deighton told Reuters in an interview on Monday.

LOCOG will not publish final accounts until after the Games end, prompting criticism from London politicians and British media about a lack of transparency.
“I broadly expect us to break even, said Deighton, who worked for investment bank Goldman Sachs for two decades before joining LOCOG in 2006.
“One way I describe our project is trying to land about £2 billion of revenues, with about £2 billion of costs. We have got committed just over 92 percent of the revenues we need,” he said, adding the remainder should come from ticket sales and merchandising.

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