Bolt snubs Crystal Palace over tax 13/07/2010 |
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Usain Bolt has confirmed he will not compete at next month's London Grand Prix at Crystal Palace because of Britain's tax laws.
His decision has ended organisers' hopes of setting up a three-way clash between Bolt and his main 100-metre rivals Asafa Powell and Tyson Gay.
"I am definitely not going to run," Bolt told a news conference ahead of Friday's (July 16) Diamond League meeting in Paris.
Ricky Simms, the world 100m and 200m record holder's agent, confirmed that the reason was "the tax situation".
Bolt could lose money by competing at the Diamond League meeting which takes place on August 13 and 14 as British tax law stipulates that foreign sports stars have to pay taxes on their worldwide endorsements.
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