POSTED: January 18th 2014

EOC Executive Board approves funding for NOCs, European Sport Federations for Baku 2015

CHAD WISE / Sports Features Communications

(SFC) Financial support based on the redistribution of revenues from the inaugural European Games in Baku in 2015 for participating National Olympic Committee and European Sport Federations was approved by the European Olympic Committees Executive Committee Friday.

EOC President Patrick Hickey chaired the first EOC Executive Committee meeting of 2014, which was held at the International Olympic Committee headquarters in Lausanne, Switzerland. IOC President Thomas Bach, in the presence of Azerbaijan Minister for Sport and Youth and Baku 2015 European Games Operation Committee Chief Executive Officer Azad Rahimov, opened the meeting before matters of Baku 2015 policy were discussed. The funding model was approved unanimously by EOC Coordination Commission Chairman Spyros Capralos.

All 49 EOC member National Olympic Committees will get an equal share of 2.5 million Euro for the Games, while the EOC will distribute more funds based on national rankings of athletes to incentivise the deliverance of each nation’s best athletes.

Support for participating European Federations with a participation fee will also be given for the Olympic Movement and even more additional funding will be made available for Federations using Baku 2015 as a qualification competition for the Rio 2016 Summer Olympic Games.

“It has been a very important and productive day for the European Olympic Committees,” Hickey said. “I am particularly grateful to President Bach for continuing the tradition of hosting the first EOC Executive Committee meeting of the year and joining us here at the IOC headquarters.

“Naturally, Baku 2015 dominated our proceedings this morning as we only have 511 days to go until the Opening Ceremony and there is no time to lose. However, we have moved forward in a number of areas and, in particular, I am pleased that today we approved the model for distribution of funds based on Baku 2015 revenues to our NOCs and the European Federations. It is important to realise that there tis a direct link between delivering best possible competitors in Baku 2015 and the maximum value of funds that can be received by our members and stakeholders.”

An eligibility agreement for athlete participation under European Federation rules was also agreed to, while all NOCs will be able to participate – with a gender balance – thanks to a distribution agreement. Hickey will also need to see to it remaining Federation not yet committed to using Baku 2015 as a qualification platform for Rio 2016 do so before the Games commence.

Keywords · International Olympic Committee · IOC · European Olympic Committees · Lausanne · Switzerland · Baku 2015 · Rio 2016 · Olympics · Olympic Games · Summer Olympics ·

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