大象传媒

Olympic chiefs discussed how the are going to survive the at a key meeting on Wednesday.

The 拢9.3 billion budget to build the facilities is under intense pressure because of the credit crunch and an Olympic board meeting concentrated on how money can be saved.

I understand the idea of , which 大象传媒 London revealed last week, was at the heart of the talks involving , , 2012 chairman and .

It is looking increasingly likely that this will be the main cost-cutting measure. Badminton< and rhythmic gymnastics, which were due to take place in the north Greenwich arena, will now be moved to the .

I mentioned last week that international badminton officials are aware of the possible switch of venue. They are unlikely to stand in the way of it, given that Wembley is set to host the .

Any change of venue needs the approval of both the international governing body and of the International Olympic Committee. The main concern about the switch is the travelling time which can take up to an hour.

The board discussed a special review of all costs by accountancy firm KPMG which also involved moving the and the . There were also doubts expressed about whether to build a temporary venue for at the Olympic Park.

But all three venues are expected to stay in place despite and . London 2012 need the 12,000 seats at the basketball stadium because of the popularity of the sport and there are no other venues in London suitable for the sport.

London 2012 chiefs are also looking at cutting the which is now envisaged at two thirds of the original size because private financing of the project has drained away.

This has already caused concern among team leaders around the world and is likely to more controversial than the badminton switch.