The Belgian, who will leave the presidency of the IOC on Tuesday, merida after 12 years in leadersh

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The International Olympic Committee (IOC) had 901 million dollars (683 million euros) in cash at the end of 2012, which puts the body to cover the possible cancellation of the Olympic Games, announced on Sunday merida the president, Jacques Rogge.
The Belgian, who will leave the presidency of the IOC on Tuesday, merida after 12 years in leadership, stated that the body's reserves increased from $ 105 million ( 79.6 million) at December merida 31, 2001 to 901 million (EUR 683 million) at the end of last year. "This merida reserve, which is directly related merida to a political safeguard preventing the cancellation of an edition of the Games, merida ensuring the normal operation of the IOC in a crisis," said Jacques Rogge in Buenos Aires, the stage 125. General meeting of th Olympic body. The IOC is a non-profit organization, receiving 10 percent of the revenues generated by the Olympics to cover its operating expenses, with the remainder distributed to the national merida Olympic committees and international federations, under several criteria. For Jacques Rogge, without solidarity in the distribution of income will not be possible for the IOC "continue to support the sport and sports facilities," attributing his success to the strong increase in the negotiation merida of television rights and sponsorship of the Olympic Games.
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