The British Olympic Association today suspended its legal action against the organiser of the London 2012 Games and fresh talks are planned to try to resolve the cash dispute.
London 2012 organisers LOCOG have agreed to a request by the BOA for a new meeting, who in turn have suspended the case lodged with the Court of Arbitration for Sport in Switzerland.
BOA communications director Darryl Seibel said: “We have taken the decision to suspend the case before CAS, and have notified CAS of that.
“We have requested a meeting with LOCOG and they have agreed, and the purpose is to continue working together towards a resolution.
“It has been our desire all along to resolve this outside the legal process and we are pleased to have this opportunity with LOCOG.”