The Olympic project will need an injection of finance staff as the 2012 games
approach. The London Organising Committee of the Games (LOCOG) will have a
finance function of between 100 and 150 people, Neil Wood, the interim finance
director of the LOCOG, told Accountancy Age.
The positions are likely to be highly sought after, as they involve working
for one of the biggest sporting events organised in the UK in recent times.
Wood said the LOCOG would not start expanding until 2009/10, meaning that
applicants do not have to declare their intentions imminently. The finance
function will be roughly equivalent to a reasonably sized FTSE100 company.
At present, there are only around 50 people working for the organisation,
which will rise to around 3,500 by 2012. The LOCOG has a budget of £1.5bn in
today’s money, while the Olympic Delivery Authority, which will construct the
‘theatre’ of the games, will spend more than £2bn in the build-up to the
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