Wednesday, 29 May 2013

Olympics-Athletics sees Olympic Games revenues cut by IOC (Reuters)

By Karolos Grohmann ST PETERSBURG, Russia, May 29 (Reuters) - Athletics will get a lower share of Olympic revenues in the future after the International Olympic Committee on Wednesday recalculated the federations' revenues according to their contribution to the Games. The 26 sports federations at the London 2012 Olympics divided up $519 million based on their IOC ranking, with athletics, the flagship sport of the Games, expected to receive around $47 million as the only one in the top earning Group A. ...

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