Last Updated: 14/09/12 1:26pm
Lord Sebastian Coe: Has the backing of Niels de Vos
Lord Sebastian Coe will be the ideal man to lead the British Olympic Association out of its financial uncertainty, according to Niels de Vos, UK Athletics' chief executive.
The BOA are facing a deficit that could be up to £2million after the expense of sending Team GB to the London Games, with income from merchandise sales well below the target amount.
"If Seb does it, and he has put himself forward, he will have massive support from all the sports. "
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Lord Coe announced earlier this week that he will allow his name to go forward for the election to succeed Lord Moynihan as chairman.
De Vos, who is on the BOA subcommittee tasked with the process of finding a new chairman, said Coe's status as London 2012 chairman, his international stature and his connections with sport and potential sponsors would be vital for the organisation's future.
De Vos said: "If Seb does it, and he has put himself forward, he will have massive support from all the sports because he's not seen as an athletics man he's seen as an Olympics man.
"If you are looking for someone to steady the ship, give us the right status internationally I don't think there is a better guy and I think most of my colleagues on the National Olympic Committee would agree.
"There are financial challenges, as there are in any quad [four-year period] because you spend your money and then you have to raise it again. So yes Seb's connections and status can only help with that.
"If I could make the decision I would have made it three days ago the moment he put his hand up, and said: 'you're the man'.
"But I'm very confident, I haven't heard a single member of the National Olympic Committee who doesn't think that's the case so I would be pretty confident he will be in that post."
Sales of the BOA's scarves, one of two items of merchandise it had the rights to, have failed to hit the target, and the same has been the case with their collectable medallions.
If Coe does take over as BOA chairman, he would also continue as an Olympics legacy adviser for the Government.
He is also expected to challenge for the presidency of the International Association of Athletics Federations in 2015 when current president Lamine Diack steps down.
Coe is likely to face a rival for that position in the form of Ukrainian pole vault legend Sergei Bubka - both men are currently IAAF vice-presidents.
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The World Anti-Doping Agency are looking into allegations of doping within the Kenyan athletics team.
Kristian Thomas will compete in his first major competition since London 2012 in the World Cup event in Glasgow.
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