Tuesday, April 27, 2010

Sports agree to revenue formula for London Games (AP)

DUBAI, United Arab Emirates (AP)—Despite calls for shift by swimming’sgoverning body, international sports bodies concluded Tuesday to maintain therevenue-sharing regulation which will provide track as well as margin with the greatest shareof television income from the 2012 London Olympics.

The Association of Summer Olympic International Federations, whichrepresents the 26 sports upon the London program, deserted the call Tuesday byswimming physique FINA to shift the criteria for distributing the projected $375million in TV revenues.

Under the formula, the International Association of Athletics Federationswill remain as the undisputed No. 1 competition in the income ranking as well as receive$35.77 million. That’s up from the $29 million the IAAF received from the 2008Beijing Games as well as nearly twice as much as FINA as well as the other second-tierfederations will get.

Swimming, basketball, cycling, football, gymnastics, tennis as well as volleyballwill any embrace $18.73 million, compared to $14.27 million from Beijing.

FINA believes it should get the bigger share because of the clever TV ratingsand packaged crowds in Beijing, where Michael Phelps won the record 8 goldmedals.

Swimming association boss Julio Maglione of Uruguay pronounced the currentranking “does not simulate the being of today” as well as which his competition deserves tobe in the top group. He due which an independent commission be allocated torevise the regulation prior to the London Games.

While Maglione received await from list tennis as well as handball, the ASOIFassembly voted to authorize the stream ranking as well as income split for London as well as toask the IOC to examination the regulation after 2012.

The third-tier sports—rowing, equestrian, handball as well as margin h! ockey 212;willeach get $13.17 million, compared to $9.61 million from Beijing. The fourth andlowest group—boxing, badminton, canoeing, fencing, judo, wrestling, modernpentathlon, list tennis, shooting, archery, weightlifting, sailing, taekwondoand triathlon—will any embrace $11.19 million.

The revenue-sharing regulation was first implemented ahead of the 1996 AtlantaOlympics formed upon the ranking of the sports by the International OlympicCommittee, with TV ratings, attendance as well as sheet sales between the leadingcriteria. The IAAF was classified as the No. 1-ranked competition as well as has remained so,but the little federations have been dissapoint which the IAAF receives most of the pie.

“The complaint is if we give some-more (money) to one, we have to take it fromother federations,” AFOIF boss Denis Oswald, who additionally heads the rowingfederation, told The Associated Press. “A lot of federations feel which which thegap between athletics as well as other sports is too big. It might be fair which theirshare is reduced the bit though of course it’s asking them to have which concession.It’s formidable for them to do it.”

IAAF boss Lamine Diack urged the federations to accept the regulation outof “solidarity.”

The federations will put the emanate to the IOC senior manager board upon Wednesday.

During its two-day meeting, the IOC board is approaching to frame China of anOlympic bronze award in acrobatic exercises from the 2000 Sydney Games because the single of itsathletes was usually fourteen at the time.

In February, the International Gymnastics Federation nullified all of DongFangxiao’s formula from Sydney as well as recommended which the IOC take the award fromthe Chinese. The United States finished fourth as well as would pierce up to the bronze.

Age falsification has been the complaint in acrobatic exercises given the 1980s, afterthe smallest age was raised from fourteen to fifteen in an e! ffort to protect immature athletes,whose bodies have been still developing, from serious injuries. The smallest age wasraised to its stream 16 in 1997.

The IOC additionally will listen to the swell inform from organizers of the LondonOlympics, including the sneak peek at plans for their mascot. Organizers goal tointroduce the mascot next month in London.



-Source-

0 comments:

Post a Comment