I refer the hon. Member to the Committee for Culture, Media and Sport hearing on 21 November 2006, where I gave a detailed breakdown of the recent estimate into the costs of the London 2012 Olympic Games. The transcript is available in the Committee’s Second Report of the Session 2006-07, London 2012 Olympic Games and Paralympic Games: funding and legacy (HC 69-ii).
The involvement of individual nations or territories in the Olympic Games is a matter for the International Olympic Committee (IOC). Nations of the world send competitors to the Games under the auspices of their respective National Olympic Committee (NOC). The IOC grants recognition to individual NOCs, and then invites them to participate in each Games.
The main role of the 203 National Olympic Committees, as recognised by the International Olympic Committee (IOC), is to ensure that athletes from their respective nations attend the Olympic Games. Only a NOC is able to select and send teams and competitors for participation in the Olympic Games. Responsibility for establishing and applying the criteria for participating in the Games is a matter for the International Olympic Committee (IOC) and, depending upon the sport in question, the appropriate International Sports Federation.