Rogge rolls out the results

During his July 7 presentation to the 123rd International Olympic Committee session in Durban, South Africa, President Jacques Rogge modestly described the IOC's financial standing as “sound.”

Rogge, making his first major update since Vancouver hosted the previous annual general meeting, said the last fiscal year ended with a $113.4 million surplus. The Olympic Foundation reserves were a healthy $592 million at the end of May.

Revenue from global Olympic sponsors for the 2009 to 2012 period is, so far, $957 million. Already $921 million is committed for the 2013-2016 round and $632 million for 2017-2020. The record $3.9 billion in gross TV rights for 2010-2012 could still be matched. Broadcasters have committed $3.2 billion for 2014-2016.

Olympic Solidarity, which subsidizes national Olympic committees, has a $311 million budget for 2009-2012. Winter sports federations received $209 million for Vancouver 2010.

The positive finances of the IOC suggest it withstood the Great Recession. Vancouver 2010, the last major IOC event, required heavy government subsidies to balance a $1.884 billion budget. PyeongChang, South Korea won the right to host the 2018 Winter Games on July 6, but only two other cities applied. It was the smallest race since 1981 when Seoul won the 1988 Summer Games and Calgary won the 1988 Winter Games.

In 1992, the IOC finished the practice of holding the winter and summer Games in the same year, though Vancouver held the Winter Games in 2010, the same year that Singapore hosted the first Youth Olympic Games.

English and French are the IOC’s official languages, but the when talking money, it speaks in U.S. dollars.

Exclusive: Durban 2011 the next step in Vancouver 2010 dissolution

From one port city popular with tourists to another. From the southwest corner of Canada to the southeast coast of Africa.

Vancouver 2010 Winter Olympics chief executive John Furlong took a break from his recent appointment as co-chairman of the Stanley Cup Riot Review for a previously scheduled engagement in Durban, South Africa to attend the International Olympic Committee’s 123rd session. Furlong was there to present the official report of the Vancouver Winter Olympics on July 7, exactly 494 days since the Games closed at B.C. Place Stadium.

The last, major act of VANOC -- in public view, at least -- finished just after 1:30 a.m. PDT, while most Vancouverites slept. More than 12 hours earlier, PyeongChang, South Korea's third consecutive bid for the Winter Games won the 2018 hosting rights.

“It seems fitting that with the arrival of a new Olympic region, PyeongChang, that it's time for us to say goodbye,” said Furlong. “We could feel all the emotions they were feeling throughout the day, having lived that experience ourselves.”

Furlong called the wind-up of VANOC “substantially complete."

“We’re very close to being no longer and by this time next year, we will, in fact, be no longer.”

Furlong summarized the main achievements of the Games to the IOC members at their first annual general meeting since the Feb. 9-11, 2010 session hosted at the Westin Bayshore Hotel in Vancouver.

Furlong was joined by executive vice-president Terry Wright, chief financial officer John McLaughlin, marketing vice-president Andrea Shaw and legal vice-president Dorothy Byrne to deliver “With Glowing Hearts/Des plus brilliants exploits -- VANOC Official Games Report/Rapport Officiel des Jeux -- COVAN.” That report has not been published back home, but the IOC has released an abbreviated version called Staging the Olympic Winter Games.

"We had much heartbreak and happiness, lots of adversity and celebration, but somehow we managed to achieve the vision that we set out for ourselves,” Furlong said.

As an aside, Furlong told the IOC members that B.C. Place Stadium reopens “in October”. (Does he know something we don’t or is it still truly on track for the Sept. 30 B.C. Lions meeting with the Edmonton Eskimos?)

Oddly, VANOC's Staging the Games report was created Nov. 4, 2010 but withheld from the media last fall when only the post-Games financial report and sustainability report were published simultaneously on Dec. 17. Read the Staging the Games report below.


Statistics from Staging the Olympic Winter Games:

Accommodation
12,033 Olympic hotel rooms in Vancouver
2,959 Olympic hotel rooms in Whistler
151 Paralympic hotel rooms in Vancouver
544 Paralympic hotel rooms in Whistler
2,850 Whistler Olympic Village population
2,730 Vancouver Olympic Village population

Accreditation
96,428 pass-holders for the Olympics
26,931 pass-holders for the Paralympics
2,803 Olympic writers, photographers and non-rights holding broadcasters
483 Paralympic writers, photographers and non-rights holding broadcasters

B.C. Place Stadium
100,000 kilograms of gear suspended from the air-supported fabric roof
360 rigging points
1.8 kilometres of trussing

Media relations
645 news releases issued 2005-2009
330 issues notes/key messages documents created 2005-2009

Procurement
63 kilometres fence fabric
550 trailers
250 sea containers
39,000 minor signs
550 major signs
600 road signs
2,016 contracts
5,452 purchase orders
$1,585,006,424 value

Transportation
4,629 auto fleet
1,259 buses and vans
9,704,537 litres of fuel
25,851 vehicle access and/or parking passes
65 kilometres of Olympic lanes in Vancouver

Staging the Olympic Winter Games Knowledge Report

IOC back to business with first 2011 meeting

The International Olympic Committee's Executive Board met Jan. 13 at the five-ring headquarters in Lausanne, Switzerland -- 11 months after the Vancouver 2010 Winter Olympics and one year before the 2013 Youth Olympic Winter Games in Innsbruck, Austria.

Executive Board doesn't release minutes. No information was released on whether VANOC was discussed behind closed doors. The Vancouver 2010 final report will be delivered to the 123rd IOC session July 1-9 at Durban, South Africa. That is where the host of the 2018 Winter Games will be chosen from among either Annecy, France, Munich, Germany or PyeongChang, South Korea. Only three bids were received. By comparison, there were eight candidates for the 2010 Games.

Executive Board added to the minimum requirements for cities to bid on the Games. The prospective host national Olympic committee must be compliant with the World Anti-Doping Agency and accept the jurisdiction of the Court of Arbitration in Sport to settle disputes.

"Without that there is no candidature," Rogge said.

Executive Board also decided there could be "a waiver for the rule of the dates of the Games because of climactic and geographic issues," Rogge said.

But would the IOC move the 2022 Winter Olympics if FIFA decides to hold the 2022 Qatar World Cup in January?

"We have not had contacts with FIFA for the very good reason this is a very hypothetical discussion, FIFA has not yet taken the decision in principle to shift to winter months.

"The situation for the IOC is very clear: the IOC would organize the Winter Games in the winter obviously. The bracket we're having is roughly, last week of January and the month of February. There is no way you can organize Winter Games in December or in March.

"For us it's clear that is the bracket for the games. It would be sensible once a decision would be envisioned by FIFA, to sit around the table to see it is not harmful for either of the two partners.

"As of today we think it is far too premature."

Otherwise, how are IOC and FIFA relations after FIFA president Sepp Blatter accused the IOC of being a non-transparent organization that handles its finances like a "housewife"?

"The incident that arose is closed, it is the past, I don't think about it and I'm very glad the relationship is very good," Rogge said.

Rogge admitted the IOC is probing allegations of corruption against Issa Hayatou, who is an IOC member and FIFA vice-president. Andrew Jennings reported that Hayatou was among those involved in the ISL bribery scandal in the 1990s during the FIFA's Dirty Secrets documentary aired by Panorama in December 2010:

"We have referred this to the Ethics Commission of the IOC and the Ethics Commission is collecting information, they are discussing with the BBC. I believe that the BBC, under the condition that the identity of the sources would be preserved, would be willing to give information, and we need that information."

That Ethics Commission saw Spanish ambassador Jose Luis Dicenta Ballester replace former United Nations secretary general Javier Perez de Cuellar.

If Tottenham Hotspur FC wins the bid to take over the London Olympic stadium after the 2012 Games, it might demolish and rebuild on the same site. Rogge said "this is not our business" because it is a matter for LOCOG, the Olympic Park Legacy Society and U.K. Athletics.

"If a solution could be found for the track, we would be happy," he said. " Don't expect the IOC to intervene forcefully anyway in this issue where we are not responsible."

Rogge said discussions with the United States Olympic Committee over revenue sharing are accelerating. A truce was announced at the 2009 SportAccord convention in Denver. Smaller NOCs want a bigger piece of the revenue pie, but the USOC argues that American broadcasters and sponsors are the biggest funders of the IOC.

Rogge said "pretty soon" the IOC would meet with American broadcast companies about bidding for rights to air the Games of 2014 and beyond.

"After that meeting then there will be a decision how we are going to tender out , what the format and specifications are going to be," Rogge said.

The IOC normally sells packages in pairs, but U.S. companies want to buy four at a time if the price is right. NBC is the incumbent. It paid $2.2 billion for Vancouver 2010 and London 2012.

The IOC's finances are "solid" with reserves of US$550 million.
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