The British Olympic Association, led by Colin Moynihan, has taken its claim for a greater share of any surplus from the Olympics to CAS after the IOC backed the London organising committee’s (LOCOG) stance that the finances of the Paralympics should be taken into account before any revenues are distributed.
CAS has not confirmed yet whether it will hear the case, but Oswald told a press conference: “On a purely legal point of view, we feel that CAS has no jurisdiction over the case. The clause in the marketing agreement said every issue should be included and no other court case should be started by one or the other party.”
However, Oswald, a Swiss lawyer who has served as a CAS arbitrator in the past, said the IOC would respect any decision made by world sport’s highest court. “If at the end CAS feel that they do have jurisdiction, then, of course, on the merits we feel we have a very good case,” he added.
Meanwhile LOCOG chair Sebastian Coe has called the BOA's bid to take the case to CAS as “spurious” and said it was “depressing” that the dispute was overshadowing preparations for the Games.
“This is a spurious case,” he said. “The legal judgement that the IOC have made is probably the best demolition of that case that we can witness...I am only saddened at this distraction at a time when our teams across the project are working so cohesively and strategically.”
