Hunt defends role in cash row
British Olympic Association's chief executive Andy Hunt insists his position and that of chairman Colin Moynihan will not be affected by the cash row with London 2012 which was finally settled.
The BOA have abandoned legal action against London 2012 organisers after being forced to accept defeat over the major issue of whether the cost of staging the Paralympics should be taken into account in calculating any surplus of the Games.
In return the Games organising committee LOCOG will waive rights to royalties on two items of Team GB merchandise and will allow the BOA to buy extra Olympic Games tickets, but the dispute has led questions to be asked about Moynihan and Hunt's decision to pursue legal action in the first place.
Hunt insisted they had been right to do so and denied the episode had weakened either his or Moynihan's position.
Hunt said: "Not at all. We work with our boards, and with the IOC, and the 33 sports to make sure that we were pursuing a contractual right that we had.
"We have had their support throughout this process. We have consulted widely, and everyone has supported the way we have handled this. We have always said we wanted a settlement and that's what we have got.
"When you have to pursue something that you think is right, it might not always be popular.
"What we have done in pursuing what was a narrow contractual dispute has been blown out of all proportion and now we are taking a stand to make sure we can close it off and agree a settlement that helps LOCOG and British athletes. It's the right way forward and it will help our athletes in the run up to the Games."
The settlement confirms all previous financial arrangements between the two organisations with the only new details relating to the waiving of the royalties and the extra tickets, which will be used by the BOA as part of their Team 2012 appeal and for a number of former athletes who have competed at the Olympics.
London 2012 will also "pro-actively support" the BOA's efforts to secure sponsors and other commercial partners for the 2013-2016 period.
