IOC: profit from the Games in Sochi was 53 million dollars – BBC Russian

• February 27, 2015

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The irony with unopened Olympic rings at the opening ceremony became the “calling card” of Sochi Games

Winter Olympic Games in 2014, held in the city of Sochi, the organizers brought about 3.25 billion rubles (US $ 53.15 million) in operating profit reported for meeting in Rio de Janeiro by the International Olympic Committee, Mark Adams.

Adams said the IOC is going to give a substantial portion of the profits – about 20% – of the Russian Olympic Committee. These funds (approximately $ 10 million) will be spent on the development of sport, the funding of the Olympic Channel and the creation of the Olympic Museum in Russia.

The total cost for the Games in Sochi was $ 41 billion, said Adams.

In total, the IOC has allocated for the Games in Sochi 833 million dollars – 83 million more than originally anticipated. At the Summer Games in 2016 in Rio de Janeiro, the IOC plans to allocate $ 1.5 billion.

Meanwhile, the IOC Executive Board noted that differences remain over the cost of the Summer and Winter Olympic Games, as well as the question of the difference between current spending and spending on infrastructure.

The budget of the Sochi Olympics, according to the Russian government has made 214 billion rubles ($ 6.4 billion in January 2014), but the Russian opposition claimed that this amount is strongly underestimated.

Dear Games

The figures given by the government, reflect only the money spent directly on the construction of Olympic facilities.

According to Adams, the total cost for the Games in Sochi was $ 41 billion; in 2013, according to the Russian government, spending more than $ 45 billion

The total expenditure for the Sochi Olympics, which includes spending on infrastructure and development of the region, much higher.

In 2007, when the Sochi Olympics became the capital, officials promised to spend on the preparations for her entire $ 12 billion.

As the cost of the Games has been steadily growing. In 2010, according to Deputy Minister of Regional Development Yuri Reiljan, the volume of investments for the implementation of the Olympic project amounted to 950 billion rubles (about 31.5 billion dollars at the then exchange rate).

In 2013, Russian Deputy Prime Minister Dmitry Kozak reported that the cost of training and the competition has already reached 1.5 trillion rubles (over $ 45 billion).

At the same time opposition leader Boris Nemtsov published a report in which he called the preparation for the Games in Sochi “monstrous scam history of modern Russia “.

The statements Nemtsov partially confirms the conclusion of the Accounting Chamber, which accused the” Olympstroy “in an unjustified increase in the estimated cost of facilities.

On any official investigation into the machinations shown the report Nemtsov is unknown.

In May 2014 appear in the report Nemtsov management JSC “Russian Railways” has filed a lawsuit against the policy, accusing him of spreading false information.