The international Olympic Committee (IOC) announced that it has signed 18 contracts totaling $ 14 billion since the end of the Olympic games in Sochi.

The Executive Committee meeting in Kuala Lumpur takes place in the framework of the 128th IOC session.

“IOC President Thomas Bach said that with the Olympic games in Sochi, which ended in January last year, IOC had signed 18 contracts worth around $ 14 billion, which promotes long-term financial stability of the Olympic movement until 2032. This allows you to redistribute 90% of the proceeds to support athletes and sports worldwide – 3.25 million dollars per day,” according to a statement on the official websiteof the IOC.

According to the report, among 18 13 contracts are agreements for the sale of broadcasting rights of the competition until 2032.

The IOC Executive Board announced the preliminary recognition of the world Union of Olympic cities (UMVO) with the aim of strengthening cooperation between the organizations. UMVO was founded in 2002, Lausanne and Athens, in in includes 30 cities, reminiscent of the “R-Sport”.

IOC announced its financial stability to 2032. 29.07.2015

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