British Olympic Association chief executive Andy Hunt said he was confident the international Olympic Committee would support the move if it could be proved the removal of the wrap had no impact on wind or performance issues at the stadium.
The BOA, through chairman Lord Colin Moynihan had been lobbying hard to keep athlete preparation as the priority.
Hunt said that, ''Taking away the wrap is immaterial as long as it doesn't impact on the performance of the athletes”.
The overall Olympic budget of £9.3million remains intact, with the bulk of the money already spent on the large infrastructure projects, and the government has agreed to leave the contingency of more than £2million remaining within the Olympic budget to cover unforeseen events, particularly in the area of security or an unlikely shortfall in ticketing revenue.
Boris Johnson london mayor had pushed hard to keep the contingency, rather than have to go back to the government in 18 months time if the budget was unexpectedly stretched.
London Olympic UK Sport has seen its budget cut by 28 per cent, but it is largely backended to 2013 and 2014, where sports will face a 15 per cent reduction in funding.
The separate £2.15billion pound operating budget of the Olympic Games has been untouched too as it is privately funded through sponsorship, broadcast revenue, merchandise and ticket revenue, although the total cost is also underwritten by a government guarantee.
British Olympic Association annual review in the next two months knowing that the UK Sport funding that will be distributed to the sports has been largely protected.http://newsall-vision.blogspot.com/
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