G4S withdraws from bidding for Brazil 2014 and Rio 2016 security contracts after London 2012 shambles
![G4S security_guards_Olympic_Park_London_2012](https://www.insideworldfootball.com/app/uploads/2012/08/G4S_security_guards_Olympic_Park_London_2012.jpg)
By Duncan Mackay at the Main Press Centre on the Olympic Park in London
August 30 – G4S has ruled out bidding for the security contracts at the Rio 2016 Olympics and Paralympics following the fiasco at London 2012, which it confirmed will cost the company £50 million ($78 million/€64 million).