London bid - how it will be funded

LONDON'S OLYMPIC BID: Bidding, staging, construction and infrastructure, elite sports£3

LONDON'S OLYMPIC BID: Bidding, staging, construction and infrastructure, elite sports£3.6bnRevenue from TV rights, ticket sales, sponsorship £2.5bnNet cost £1.1bn

Contingency fund (security, transport and venue costs, and cost increases)£1.275bn

Total public subsidy (Maximum) £2.375bn

Where the money will come from

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New Olympic-themed Lottery games£750m

Existing Lottery funding£750m

Olympic council tax precept£550m

Additional council tax (if required)£75m

London Development Agency funds£250m