Sponsor joins support of 2012 london olympic games

Organizers of the London 2012 Olympics are weeks away from meeting their 700-million pound ($1.1 billion) sponsorship target, ending a five-year funding and procurement program, the Financial Times reported.

Paul Deighton, chief executive of the London Organizing Committee for the Olympic Games (LOCOG), told the newspaper the body was "single-digit millions" away from its goal.

He added that after finalizing a few remaining sponsorship agreements it would "close down" the program.