POSTED: February 26th 2015

IOC EB: Sochi profits, no Sochi EB, advertising proposals and more on the agenda of the first day

The IOC Executive Board taking place in Rio de Janeiro at the Windsor Atlantica Hotel on Copacabana Beach / IOC Ian Jones
The IOC Executive Board taking place in Rio de Janeiro at the Windsor Atlantica Hotel on Copacabana Beach / IOC Ian Jones

LAURA WALDEN / Sports Features Communications

(SFC) The International Olympic Committee (IOC) Executive Board meeting in Rio de Janeiro, Brazil got off to a good start today as they received the news that Sochi 2014 had an operational surplus of approximately US $50 million.

The IOC in turn handed back its 20% share of the proceeds [approximately US $10 million] to the Russian Olympic Committee for use in the development of sport, the Olympic Channel and an Olympic Museum in Russia.

All in all the IOC gave US $833 million to the Sochi Games which was US $83 million over previous amounts and the EB noted that the next Summer Games, Rio de Janeiro, will receive US $1.5 billion as a contribution.

The EB also were in agreement that there remains a misconception about the overall cost of hosting the Games and the two different budgets, the operational and the infrastructural.

The infrastructural budget is the investment that gets made by the host city over and above the operation budget. Sochi's was rumored to have ballooned up to US $51 billion leaving much concern how a winter Olympics could become the most costly Games in history.

IOC President Thomas Bach also briefed the EB on the Rio 2016 Coordination Commission's visit. He and IOC Vice-President Nawal El Moutawakel held a meeting with Brazilian President Dilma Rousseff and she gave them her full support for the Rio Games from "every level and ministry of her government as well as from State and City authorities."

The EB also decided not to hold another meeting at the SportAccord convention in April in Sochi, Russia due to the close proximity of this meeting and the next one that is planned in June at the IOC headquarters during the bid city briefing taking place there. However President Bach will attend the opening ceremony of the convention.

After the decision that the 2022 bid cities, Almaty and Beijing, would not be permitted to make presentations at the SportAccord convention this makes the second major change in the IOC's involvement with SportAccord.


The IOC EB also agreed on two proposals that will be put before the whole assembly for approval in Kuala Lumpur at the IOC Session regarding advertising. This concerns Rule 40 of the Olympic Charter, where by the IOC would "allow generic (non-Olympic) advertising during the period of the Games". And Rule 50, the IOC "would increase the maximum size of a manufacturer's identification while respecting the clean field of play to prevent conspicuous advertising".

Clean Sport

World Anti-Doping Agency President and IOC Vice-President, Sir Craig Reedie, gave the EV an update on the progress that was being made after the IOC allocated a US $10 million donation and called on governments worldwide to match the amount.

Other good news for Rio was that Reedie reported that a joint task force of experts from WADA and the IOC has said that they will give the final word in May on the local anti-doping laboratory. But that it is on schedule to be reinstated and should be ready for next year's Games.

The WADA chief also said that the Jamaican authorities have taken measures and are now transparent with a recognised testing pool thanks to local government support, assurances and proper funding. For the past 18 months Jamaica has been under fire for perceived breaches of anti-doping conduct.

Moment of Silence

Today's meeting ended with a minute of silence for Mario Vázquez Raña, the long-time IOC Member and President of the Association of National Olympic Committees (ANOC) who recently passed away at age 82.

Keywords · Olympics · IOC · Rio 2016

For more information contact:
Laura Walden ()

All original materials contained in this section are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Sports Features Communications, Inc the owner of that content. It is prohibited to alter or remove any trademark, copyright or other notice from copies of the content.