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.



Liam Morgan: Olympic Stadium in Baku goes Gaga for Opening Ceremony but not Armenian athletes

Liam Morgan: Olympic Stadium in Baku goes Gaga for Opening Ceremony but not Armenian athletes

If the message coming from European Olympic Committees (EOC) President Patrick Hickey concerning Armenia’s controversial participation in the inaugural European Games was that they were thrilled to have the country competing despite political tension with hosts Azerbaijan, the message coming from the crowd at the Opening Ceremony was the polar opposite.