Usain Bolt has agreed a £500,000 tax-free deal to return to the scene of his Olympic triple gold
medal glory to compete in two events at the London Anniversary Games in the Olympic Stadium in July.
The Jamaican sprinter has signed a contract to compete on both days of Diamond League grand prix meeting on July 26 and 27, reports the Daily Telegraph.
Bolt will be one of a host of Olympic champions including Mo Farah, Jessica Ennis and Greg Rutherford who will be in action at the Stratford stadium before many of the stars of the London 2012 Paralympics take the stage on July 28 for a day of disability events.
Details of the two events Bolt will be contesting are being kept secret until a formal announcement is made, though it is probable he will compete in one individual sprint race plus the 4x100m relay as he is unlikely to take part in both the 100m and 200m on consecutive days just a fortnight before the start of the World Championships in Moscow.
The meeting, which was moved from Crystal Palace to the Olympic Stadium to mark the first anniversary of the London 2012 opening ceremony, will be the first time Bolt has raced on British soil since 2009 other than at the Olympics.
Bolt had previously avoided competing in Britain because UK regulations meant he would be liable to pay tax on his multi-million-pound endorsement earnings, meaning that it would have cost him money to race here.
His change of heart follows the decision of the Chancellor George Osborne, revealed in February, to grant a 'one-off' tax exemption for overseas athletes taking part in the London meeting to make sure an all-star cast could be assembled for the anniversary celebrations.