Olympics






Olympic Solidarity sets up $200 million reserve

By David Owen at The Hilton in Buenos Aires

Sheikh Ahmad Al-Fahad Al-Sabah has set up a $200 million Olympic Solidarity reserveSeptember 9 - Olympic Solidarity has decided to take advantage of the bumper increase in television revenues generated by the International Olympic Commission (IOC) in the 2009-2012 Olympic quadrennium to establish a $200 million (£127 million/€151 million) reserve.