The former Olympic Stadium, now home to West Ham United, is facing operational losses running into millions of pounds for years to come due to problems finding a naming rights partner and hugely increased costs for retractable seating, the Guardian can reveal.
Adidas has written to the IAAF to inform athletics’ embattled governing body it is terminating its sponsorship deal three years early, according to reports.
Sebastian Coe, the president of world athletics’ embattled governing body, will be under further pressure on Thursday as fresh allegations are outlined of widespread corruption at the heart of the sport.
Sebastian Coe’s closest aide Nick Davies has stepped aside from his position at athletics’ governing body and submitting himself to an investigation by the IAAF’s ethics commission.
The IAAF president, Sebastian Coe, is facing a fresh crisis after an email was leaked showing that his right-hand man knew about a number of Russian doping cases in 2013, and discussed a secret plan to delay naming those involved before the World Championships in Moscow that year.
Sebastian Coe, the president of the IAAF, has reluctantly ditched his controversial £100,000 a year role as a Nike ambassador but still maintains that it was not a conflict of interest.