Olympic Solidarity - the Movement’s “complex but simple” cash distribution machine

Olympic Solidarity - the Movement’s “complex but simple” cash distribution machine

For every $6 (£3.70/€5.20) of revenue from the sale of broadcasting rights to the Games that the International Olympic Committee (IOC) collected in its last four-year cycle, $1 (£0.60/€0.90) is being channelled via Olympic Solidarity (OS) on its way back out.

This amounted to $663 million (£470 million/€590 million) from rights for that Vancouver 2010 and London 2012 quadrennium - a substantial wad of cash by any reckoning.






World Beach Games to be organised by SportAccord in Sochi in 2019

World Beach Games to be organised by SportAccord in Sochi in 2019

Sochi will play host to the first edition of the World Beach Games in 2019, it was announced here today at the General Assembly of the SportAccord Convention, but the Association of National Olympic Committees (ANOC) has implied it will organise its own event separately.