IOC: Sochi Olympics post $50 million operating surplus


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

RIO DE JANEIRO (AP) — The 2014 Winter Olympics in Sochi recorded a surplus of $50 million in its operating budget.

The number reported on Thursday by the International Olympic Committee executive board was far below the provisional figure of $261 million reported in June by Russian organizers.

Part of the decrease was likely due to the rubles' loss of value in recent months against the dollar.

The operating budget was only for running the games, distinct from the $51 billion Russia spent building sports venues, housing, and transportation for the games.

The IOC receives 20 percent of the surplus, and said it would transfer $10 million to the Russian Olympic Committee for sports development, the Olympic TV channel, and the Olympic museum in Russia.

The IOC said it contributed $833 million to Sochi's operating budget, which was about $2 billion. This was an increase of $83 million over previous estimates.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Olympics stories

Related topics

OlympicsNational Sports
The Associated Press

    ARE YOU GAME?

    From first downs to buzzer beaters, get KSL.com’s top sports stories delivered to your inbox weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast