From naming rights to basketball coloured seats...

It has been a busy week when it comes to all things Olympic.

Sir Robin Wales, mayor of Newham - where two-thirds of next year's Games will take place - has blasted the Government over recent cuts.

Newham has had its budget handout from central Government cut by 8.9% and Wales warns that the Coalition is jeopardising London's growth.

This is despite the huge sums poured into the likes of the Olympic Park. But Wales is concerned over whether jobs will go to local residents without more budgetary support.

Elsewhere it is being reported by the Evening Standard that AEG has launched a bid to run the handball arena and aquatics centre after the Games.

The Olympic Park Legacy Company told me that they had received several bids, but wouldn't be drawn on whether AEG was one of them.

But the company has already shown its willingness to be involved in future uses in the park having teamed up with Tottenham Hotspur in the failed attempt to become the tenants of the main stadium.

That bid of course lost to West Ham United and Newham Council and this week there was suggestions that the Hammers are lining up a naming rights deal with Westfield for the stadium.

Figures of £20m have been flying around which could well be the missing chunk of change needed to fund the £100m cost of converting the 80,000-seat Olympic stadium into a 60,000-seat football stadium post Games.

The other cash is coming in the shape of a £40m loan from Newham and an estimated £40m for West Ham's current Upton Park home.

Meanwhile a fourth venue at the park has completed - the 12,000-seater basketball arena.

I am off for a tour of the park tomorrow and will be very keen to see the finished article - it has orange and black seats, like the colours of a basketball.