Sports minister Hugh Robertson is to step in to help resolve a funding dispute between the British Olympic Association (BOA) and the organisers of the 2012 Games.

Robertson told the BBC it would be "very bad for sport and for London 2012" if the row went to the Court of Arbitration for Sport, which centres on the allocation of profits. "My role is to look at the overall damage this is doing to London 2012 and to British sport and see if there is anything I can do to help come to a solution," he said.

It comes after BOA chair Colin Moynihan and chief executive Andy Hunt were suspended from the London Organising Committee for the 2012 Games (LOCOG) board. A BOA spokesperson said: "This decision by LOCOG will have no bearing on our primary responsibility, which is to prepare Team GB for the London 2012 Olympic Games."