Paul Deighton, the chief executive of the London organising committee, said, "I do not think there has been an Olympics in history which has been late, and I do not have any intention of breaking a record on that." Deighton said the London Olympics would do no worse than break even.
The organising committee says it is on track to raise £2 billion to help offset the cost of the games. The funds will come from ticket sales, merchandising, sponsorships and London's share of global TV rights.
"We are certainly confident at this stage that the sources of revenue are sufficient to leave us at the organising committee with revenues that will match our expected expenditure," Deighton said.
