London 2012's annual report shows that Deighton, whose annual salary is £479,873 ($738,379), has been awarded the full bonus of £298,091 ($458,672) under a performance-related scheme.

The 54-year-old Deighton, a former Goldman Sachs banker, was ranked as Britain's 627th person in the most recent Sunday Times Rich List with a personal fortune estimated at £110 million ($169 million).

The report also revealed that chairman Sebastian Coe's salary is £365,507 ($562,404), which includes an one off-payment for expenses when he is abroad, accounting for his increase from £357,000 ($549,00) last year, while chief financial officer Neil Wood earned £260,000 ($400,000) and deputy chairman Sir Keith Mills was paid £50,000 ($76,935).

Unlike the Olympic Delivery Authority (ODA), the London Organising Committee for the Olympic and Paralympic Games (LOCOG) is not a publicly-funded body so their earnings were not revealed when the Government published a list of salaries last month.

Deighton is paid nearly a £100,000 ($154,000) more than his counterpart at the ODA, David Higgins, who earns £394,999 ($599,664).

Other directors received £1,000 ($1,539) for each board meeting attended and £500 ($769) for each committee meeting, including Princess Anne, who received £6,000 ($9,232) for attending six board meetings.

Britain's former Olympic triple jump champion Jonathan Edwards (pictured) was paid £87,000 ($133,866) as a consultant, plus £6,000 ($9,232) for attending board meetings.

Sir Craig Reedie, one of four British International Olympic Committee members, was paid £12,000 ($18,464) in consultancy fees and £10,000 ($15,386) for attending meetings.

Colin Moynihan, the chairman of the British Olympic Association (BOA), was paid £10,000 ($15,386) for attending meetings, while BOA chief executive Andy Hunt received £5,000 ($7,693).

Sir Philip Craven, the President of the International Paralympic Committee, received £6,000 ($9,232) and Tim Reddish, the chairman of ParalympicsGB, £5,000 ($7,693).

The report also revealed that by March 31 this year, London 2012 had raised £612 million ($942 million) from sponsors, 90 per cent of the target, and £1.4  billion ($2.1 billion) of the total £2 billion ($3 billion) operating budget had been secured.

The rest of the money will come from ticket sales which are due to go on sale early next year.

Coe said: "As well as the once-in a lifetime opportunity for Britain’s athletes to perform on the world’s greatest stage in front of a home crowd, the Games offer an equally important opportunity for our country as it welcomes the world.

"We have made strong progress across a number of key areas in the last year, and our team has built excellent partnerships with our stakeholders and sponsors.

"As we pass the ‘two years to go’ milestone, all the building blocks are in place to enable everyone to plan their summer of 2012."

To read the full report click here.

Contact the writer of this story at [email protected]


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