BusinessCompany NewsMore work for Olympic bid FD as London shortlisted

More work for Olympic bid FD as London shortlisted

Neil Wood, the finance director of the London's 2012 Olympic Bid, will continue his work preparing the city's bid document after the International Olympic Committee choose the capital as one of the candidate cities that will fight it out for the right to host the event.

Link: Profile: Neil Wood, FD of London’s Olympic bid

London, along with New York, Paris, Madrid and Moscow will now fight it out for the 2012 Olympic Games.

Confirmation of London’s candidacy gives Wood, alongside Barbara Cassani, the bid chairman, and chief executive Keith Mills, the mandate to get the capital’s bid firing on all cylinders.

Wood will now begin preparing a candidate file, which could run to 500 pages, including architectural drawings, detailed financial information, regeneration plans, underlying economics and underlying philosophy.

In December, Wood told Accountancy Age: ‘I will be pretty involved in all of this. There is a lot of financial information contained in these documents.

This must be submitted by 14 November 2004. In February or March 2005, an evaluation group from the IOC will come to London to interrogate the bid and will report back in May 2005.

On 6 July 2005 each city will be given one hour to make a presentation to the IOC’s 106 members who will then vote to choose a winner.

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