POSTED: March 12th 2009
NewsUpdate

Dow Jones give the Olympics glowing financial review

LAURA WALDEN / Sports Features Communications

TAMPA: Results were announced today for the Dow Jones Summer/Winter Games Index according to Dow Jones Indexes, a global index provider and the news for the Olympic movement couldn't be better.

The Dow Jones Summer/Winter Games Index measures the performance of all publicly traded securities of companies that are official partners, sponsors or suppliers of the Vancouver 2010 Olympic Winter Games. It is reviewed quarterly in March, June, September and December.

In spite of the global economic crisis none of the components will be dropped and a number of new companies will be added.

Acer Inc. (Taiwan, Technology, 2353.TW), Molson Coors Brewing Co. (U.S., Food & Beverage, TAP) and CV Technologies Inc. (Canada, Health Care, CVQ.T) will all be added to the Dow Jones Summer/Winter Games Index with changes effective after the close of trading Friday, March 20, 2009.

This positive news will increase the number of components on the Dow Jones Summer/Winter Games Index from 33 to 36. Standing strong in stressed financial times the free-float market capitalization in USD of the reconstituted Dow Jones Summer/Winter Games Index as of Monday, March 9, 2009 holds its own and rises to a solid $267 billon from $258.27 billion.

IOC and OCA standing financially solid

IOC President Dr. Jacques Rogge, currently attending the Olympic Council of Asia Sport Congress in Kuwait, has also expressed confidence about the state of Olympic finances. He added that the IOC has already signed on nine international corporate sponsors for Vancouver 2010 and London 2012.

The Olympic brand holds strong, "These nine sponsors are paying more money than the 11 did for Beijing. There are still a couple of sponsors in the pipeline," he noted.


Sheik Ahmed Al Fahed Al Sabah, OCA President, proclaimed to be quite pleased with the progress of the 2010 Asian Games in Guangzhou, China and confirmed that marketing initiatives were going forward well.


He said, "We have confidence that Guangzhou will hold one of the best games in Asia." 


The 16th Asian Games will take place in Guangzhou, China from November 12, 2010 to November 27, 2010. Guangzhou will be the second city in China to host the Asian Games after Beijing in 1990.


Keywords · Dow Jones · IOC · Dr Jacques Rogge · Dow Jones Summer/Winter Games Index · Acer Inc. (Taiwan · Technology · 2353.TW) · Molson Coors Brewing Co. (U.S. · Food & Beverage · TAP) and CV Technologies Inc. (Canada · Health Care · CVQ.T) · Sheik Ahmed Al Fahed Al Sabah


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