LONDON (GBR): Sport Minister Hugh Robertson has revealed the Government is unlikely to underwrite a bid for the World Athletics Championships in 2015. UK Athletics and London 2012 chairman Sebastian Coe have expressed their desire to see the event come to the 2012 Olympic Stadium which had been tipped to host them as part of its long-term sustainability and legacy plan. Writesinsidethegames.biz. But any bid for the prestigious event - the third biggest televised event after the Olympics and World Cup - the will almost certainly be withdrawn without Government support. Robertson revealed that an independent study had shown that UK Athletics would not be able to cover the cost of the event from sponsorship and ticket sales and stated the Government would not be able to commit to underwriting any funding gap. Robertson said: “The question is how you fill a £25 million black hole that lies at the centre of this bid. Some of this you can fill through sponsorship and other things but it’s still going to leave a pretty sizeable commitment. Once you have done it for one sport, then every single other sport trying to mount a bid is going to be after me for the same sort of money.”
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