Tuesday, October 12, 2010

Games Head Says Sochi Olympics Might Not Need Public Funding

Olympics officials in Russia have claimed that the 2014 Olympics in Sochi may not need any public funding.

Sponsorship revenues are already over $1.0 billion, making Sochi by far the most successful winter Games organising committee in that respect, and even look likely to surpass Beijing's $1.2 billion domestic sponsorship revenue mark for its much bigger 2008 summer Games.

"It is true we have exceeded our (sponsorship) plans but we have now established new plans," [Games chief Dmitiry] Chernyshenko told Reuters a day before the start of an International Olympic Committee (IOC) coordination commission visit to monitor progress.

INTERVIEW-Olympics-Sochi may not need public funds - Games chief
October 11, 2010