London 2012 want to save £20 million by not building a planned temporary venue called North Greenwich Arena 2 and move badminton, rhythmic gymnastics and sitting volleyball to the ExCel Arena.

 

That would mean boxing moving to Wembley and the IOC Co-ordination Commission said after this week's three-day visit they back the plan if the sport can agree.

 

IOC director of the Olympics Gilbert Felli told insidethegames: "They are trying not to spend money when it's not necessary.

 

"The boxing federation are happy to move to Wembley but they are concerned about travel time from the Olympic Village."

 

The sport has softened its stance in recent weeks but is looking for a number of guarantees.

 

Richard Caborn, president of the Amateur Boxing Association of England (ABAE), said: "We want to find an amicable solution to it but want to make sure we have best conditions for our boxers and that there is a proper legacy for boxing way beyond 2012."

 

London 2012 chief executive Paul Deighton said: "On the understanding boxing moves to Wembley, badminton will then slip into the space at ExCel which boxing will leave behind."

 

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