Reacting to the report released earlier today by the National Audit Office (NAO) that if the Government did not raise the extra cash it promised it would in 2005 then the minor sports, like handball and volleyball, should be sacrificied Moynihan claimed this went against what was promised when London were awarded the Games in 2005.

 

He said: "The NAO report suggests that sports which have not consistently medalled in the past should be denied the chance to improve, a notion which goes completely against our principles and the spirit on which the 2012 bid was based.

 

"There is an expectation that the host nation will field competitive teams in all sports and the BOA is committed to this aspiration which would see British athletes competing in sports such as basketball and volleyball for the first time in a number of years.

 

"The inspiration of seeing British athletes in these team competitions would help to deliver the large scale participation increases which Government is committed to.

 

 

 

"London 2012 presents a unique opportunity for all our athletes and their governing bodies to develop into world-leaders and ensure a culture of success far beyond the closing ceremony in 2012.

 

"Our National Governing Bodies of Olympic sports should be empowered to deliver services to their athletes without interference and budget insecurity placed on them by government.

 

 

 

"In Singapore, Seb Coe spoke of a legacy of increased participation and encouraging a generation of children to become enthused about sport.

 

"Team GB will inspire those children to take up sport and we must, collectively, do everything in our power to support our athletes on their journey to success in 2012."

 

But Moynihan, a Tory Peer, said he believed that the Labour Government would ultimately manage to raise the £100 million they promised.

 

He said: "The BOA believes that the Prime Minister will deliver on his promise made in 2006 to secure the full £600 million for the British team.

 

"This is despite the concerns raised by the NAO Report that the Government is entering a crowded market place in their attempt to raise part of the promised funding for our Olympic and Paralympic athletes from the private sector, where the interest is rightly being prioritised to the LOCOG and the BOA."