Kuala Lumpur

Costs rise at International Olympic Committee

The IOC’s 2014 financial statements, made public during the recent Session in Kuala Lumpur, show a year-on-year increase of 23.8 per cent in these costs during what was a particularly busy period for the Olympic Movement, from US$153.5 million (£98.4 million/€138.6 million) in 2013 to US$190.1 million (£121.8 million/€171.7 million) last year.

The rise is partly explained by sharp increases in smaller items, for example, a doubling in depreciation and amortisation and a four-fold increase in taxes.

Olympism is a destroyer of dividing walls: de Coubertin

Those are the words of International Olympic Committee (IOC) President Thomas Bach, speaking at the 128th Session of the IOC in Kuala Lumpur, Malaysia.

“We are living in the middle of a modern and diverse society that holds us accountable for what we do. This is why from the very beginning of developing the Olympic Agenda 2020, it was important to have close consultation with stakeholders from inside and outside the Olympic Movement. 

“This is what made the Olympic Agenda 2020 truly inclusive, transparent and reflective of the many priorities of all stakeholders. 

Oceania represented at 128th IOC Session

The officials are: John Coates- IOC Vice President (Australia), Dr Robin Mitchell- IOC Member (Fiji), Barry Maister- IOC Member (New Zealand), Barbara Kendall- IOC Member (New Zealand), James Tomkins- IOC Member (Australia), Kevan Gosper- IOC Honorary Member (Australia) and Phil Coles- IOC Honorary Member (Australia).

The crucial decision at this session will be made on Friday July 31 on the election of the host city for the 2022 Olympic Winter Games and for the 2020 Youth Olympic Winter Games.