13 Jul 2010

Bolt won't race in London due to tax laws

6:31 am on 13 July 2010

The triple Olympic champion Usain Bolt says he will not compete at next month's Diamond League meeting in London because it will not be financially viable owing to Britain's tax laws.

Britain's Daily Mail newspaper reported that if Bolt competed only once in Britain and five races elsewhere, British tax authorities would demand one-sixth of everything he earns, whether in Britain or not.

The Jamaican says his agent told him he would lose more money than he would make if he raced in London.

The 100 and 200 metre world record holder, who is suffering from a nagging Achilles tendon strain, will face a stern test in Paris this weekend, when he squares off against compatriot Asafa Powell, the last man to beat him.

However Bolt is confident of remaining unbeaten after running in his first competitive race in six weeks last Friday in Lausanne clocking 9.82 seconds to equal Powell's fastest time of the year.