Welsh Heritage Minister, Alun Ffred Jones, has claimed that Wales could lose £100M of diverted lottery money to the 2012 Olympics.
He told the Commons Welsh Affairs Committee, as per Wales Online:
"There's a downside, of course, in terms of lost Lottery funding and that's been estimated at £70m.
With the extra money the Lottery could have pulled in, that could be as high as £100M."
The reality that regional MPs need to face is that now that the government has saddled itself and us with the white elephant of the games, it will do everything in its power to avert a PR disaster. That means that money will be diverted from all other areas in order to paper over the cracks of a badly budgeted and badly organised event.
Olympic Medals won during the Beijing 2008 Olympics
Don't forget to visit www.theolympicswarehouse.com
www.olympicsdiary.com brought to you by www.kenfrost.com "The Living Brand"