Google+ Running in Cork, Ireland: Usain Bolt to make £500,000 in London Anniversary Games...

Friday, March 29, 2013

Usain Bolt to make £500,000 in London Anniversary Games...

On the 26th and 27th of July this year, the London Anniversary Games looks like it is going to attract some of the biggest names in world athletics. Amongst those taking part is Usain Bolt who is reported to be making £500,000 tax free for two races. Other big names taking part will be 800m gold medalist David Rudisha, 5000m and 10000m Olympic champion Mo Farah, Heptathlon gold medalist Jessica Ennis and Bolt's training partner and Olympic silver medalist Yohan Blake. It does look however very unlikely that the Blake and Bolt  will race each other.

Bolt is said to have avoided competitions in the Britain in the past as the UK tax laws would have meant that he would liable for endorsement earnings as well. Last February, the Chancellor of the Exchequer George Osborne granted a one off tax exemption for overseas athletes taking part in the anniversary games so that the best fields could be assembled.

The Anniversary games are expected to attract sell-out 80,000 crowds when tickets go on sale at the end of April for what will be the last athletics event to be held in the Olympic stadium before it is converted into a multi-use, 54,000-seat venue with West Ham FC as the anchor tenant.

More information can be found HERE

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