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Woodward the true architect of Team GB

YOU might presume that after their most successful Olympic Games – the record medal-haul, laurels and plaudits hung around the necks of athletes, organisers, and volunteers alike – that the British Olympic Association would now be feeding richly on the legacy.

Sir Clive Woodward has quit his £300,000 a year job with the British Olympic Association

Yet funding and sponsorship remain insecure. Having won the war, we now risk following in the very British tradition of losing the peace. BOA finances are in turmoil with their overdraft extended from £4m to £5m. Accounts published last week show a loss for 2011 of £421,000. There was £235,873 profit in 2010, and £550,000 in 2009 (largely accounted for by the sale of their premises). They had a £1.5m deficit in 2008 and one of £1.3m in 2007.

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Finance

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