11 Updates
Spanish Olympic chief vows not to overshoot budget
Photo Credit: TORU YAMANAKA, Getty Images

Spanish Olympic chief vows not to overshoot budget

Aug 23 2013, 12:24am CDT | by IANS

Madrid, Aug 23 (IANS) Spanish Olympic Committee (COE) President Alejandro Blanco says that Madrid 2020 will not spend a single euro more to host the summer Olympics because that was their commitment.

Madrid, Aug 23 — Spanish Olympic Committee (COE) President Alejandro Blanco says that Madrid 2020 will not spend a single euro more to host the summer Olympics because that was their commitment. "...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Spanish Olympic chief vows not to overshoot budget

Aug 23 2013, 12:24am CDT | by IANS

Madrid, Aug 23 (IANS) Spanish Olympic Committee (COE) President Alejandro Blanco says that Madrid 2020 will not spend a single euro more to host the summer Olympics because that was their commitment.

Madrid, Aug 23 — Spanish Olympic Committee (COE) President Alejandro Blanco says that Madrid 2020 will not spend a single euro more to host the summer Olympics because that was their commitment.

"That is an inviolable commitment," Blanco said.

"It works out to 1.5 billion euros ($2.004 billion) between the City Hall of Madrid, regional government and central government for seven years, which is 50 million a year from each institution," explained Blanco, reports Xinhua.

If more resources are needed, they will come from private capital.

Spain faces a serious economic crisis and Madrid 2020 bid does not waste money, but with fewer resources and using their own strategies they aim to gain the trust of the members of the International Olympic Committee (IOC).

Blanco has just arrived from Asia and will travel to South America where he will attend the World Judo Championships in Brazil. Then he will go to Buenos Aires, where Madrid 2020 future will be decided Sep 7.

"In Lausanne we resolved all doubts about our economy, but we have noticed that this month they are talking about economy again," he explained, adding "we will have to revise this issue again".

But Blanco is optimistic because recent data are positive.

"Unemployment figures are improving, tourism is growing and the risk premium is at the lowest level in recent years," he said.

Blanco believes they are ready for Sep 7, when 10 members of Madrid 2020 bid will present the project accompanied by a video in which important Spanish sports personalities will appear.

Members of the Spanish football team Iniesta and Casillas, along with the coach Del Bosque, are taking part in this video, in which Real Madrid's Cristiano Ronaldo is also there.

Blanco expects the four-time world player Messi to feature in the video, supporting Madrid 2020.

IANS

Source: IANS

 
Update
11

13 hours ago

IOC awards Canadian rights to PyeongChang and Tokyo

Oct 28 2014 12:21pm CDT | Source: Sports Pro Media

CBC/Radio-Canada has been awarded the Canadian broadcast rights to the PyeongChang 2018 and Tokyo ...
Source: Sports Pro Media   Full article at: Sports Pro Media
 

 
Update
10

14 hours ago

CBC the home of the Olympics in Canada

Oct 28 2014 11:50am CDT | Source: Sports Business News

The International Olympic Committee (IOC) announced that CBC/Radio-Canada has been awarded the exclusive broadcast rights in Canada for the XXIII Olympic Winter Games in PyeongChang in 2018, and the ...
Source: Sports Business News   Full article at: Sports Business News
 

 
Update
9

5 days ago

Gambia avoids suspension from IOC board

Oct 23 2014 5:15am CDT | Source: espn olympic

Gambia escaped suspension by the IOC on Thursday after the government allowed the reopening of the country's Olympic committee offices. ...
Source: espn olympic   Full article at: espn olympic
 

 
Update
8

1 week ago

IOC wants Tarpischev to explain comments

Oct 20 2014 5:23am CDT | Source: espn olympic

The International Olympic Committee is asking Russian member Shamil Tarpischev for a "full explanation" of his comments about Venus and Serena Williams that led to him being fined and suspended by the women's t ...
Source: espn olympic   Full article at: espn olympic
 

 
Update
7

1 week ago

IOC want answers in Williams row

Oct 20 2014 4:24am CDT | Source: FOXSPORTSASIA.com

The International Olympic Committee is to seek an explanation from Russian member Shamil Tarpischev for his derogatory comments about Sere ...
Source: FOXSPORTSASIA.com   Full article at: FOXSPORTSASIA.com
 

 
Update
5

2 weeks ago

Costs, bidding process scare off European Winter Games hopefuls

Oct 10 2014 7:56am CDT | Source: globeandmail

IOC also battling perception that it is more interested in taking than giving t ...
Source: globeandmail   Full article at: globeandmail
 

 
Update
4

3 weeks ago

Oslo withdrawal from Winter Olympics bidding is missed opportunity IOC

Oct 2 2014 10:10am CDT | Source: Sport-The Guardian

Only Beijing and Almaty still in contention but president denies fourth withdrawal from 2022 race leaves IOC with a black eye Continue r ...
Source: Sport-The Guardian   Full article at: Sport-The Guardian
 

 
Update
3

3 weeks ago

IOC commission 'satisfied' with Rio 2016 progress despite 'a very tight schedule'

Oct 2 2014 7:31am CDT | Source: Sportcal.com

IOC commission 'satisfied' with Rio 2016 progress despite 'a very tight ...
Source: Sportcal.com   Full article at: Sportcal.com
 

 
Update
2

3 weeks ago

Oslo out of 2022 Olympics race as IOC rues “missed opportunity”

Oct 2 2014 3:53am CDT | Source: Sports Pro Media

The 2022 winter Olympic Games will be staged in Beijing, China or the Kazakh city of Almaty, after the Norwegian government ended Osl ...
Source: Sports Pro Media   Full article at: Sports Pro Media
 

 
Update
1

4 weeks ago

U.S. Olympic bid picking up momentum and support

Sep 29 2014 5:16pm CDT | Source: Sports Business News

The United States Olympic Committee (USOC) gave the clearest indication yet that it will make a pitch for the 2024 Summer Games, saying on Friday that next year it hoped to be in the final stages ...
Source: Sports Business News   Full article at: Sports Business News
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Australia name six pacemen in 13-man squad against South Africa
Canberra, Oct 29 (IANS) Australia look to take advantage of a bouncy Perth pitch nad has named six pacemen in its 13-man squad announced Wednesday for the first two matches of the upcoming One-Day series against South Africa.
 
 
Trinidad cricket board condemns Windies players pull out
Port-of-Spain, Oct 29 (IANS/CMC) The Trinidad and Tobago Cricket Board (TTCB) has condemned the recent decision by the West Indies cricketers to abort their tour of India.
 
 
'Confident West Indies will appear in 2015 World Cup'
Sydney, Oct 29 (IANS/CMC) John Harden, 2015 Cricket World Cup chief executive, has said he is confident that the former champions West Indies will appear at next year's event in Australia and New Zealand.
 
 
Champ Bailey Retires From the NFL
Champ Bailey Retires From the NFL
Former Denver Broncos cornerback Champ Bailey retired from the NFL on Oct. 28 after 12 seasons.
 
 
 

Latest from the Network

Chloe Grace Moretz: I'm a geek
Chloe Grace Moretz is a ''geek'' when she's at home. The 17-year-old actress - who can be seen playing a prostitute alongside Denzel Washington in new action thriller film 'The Equalizer' - insists she lives a pretty...
Read more on Celebrity Balla
 
High powered MRI scans identify language centres in brain
Vienna, Oct 29 (IANS) A study from the Medical University of Vienna found how 7-Tesla ultra high-field magnetic resonance imaging (MRI) could be used to clearly show the brain areas responsible for speech processing...
Read more on Business Balla
 
Timothy Spall sees 'certain parallels' with William Turner
Timothy Spall sees ''certain parallels'' between himself and William Turner. Spall, 57, plays the influential painter in his new film 'Mr. Turner', for which he won the Best Actor award at the Cannes Film Festival, and...
Read more on Movie Balla
 
Trinidad cricket board condemns Windies players pull out
Port-of-Spain, Oct 29 (IANS/CMC) The Trinidad and Tobago Cricket Board (TTCB) has condemned the recent decision by the West Indies cricketers to abort their tour of India. The condemnation came in the form of a motion...
Read more on Sport Balla
 
Binge drinking hampers memory in long run
Washington, Oct 29 (IANS) High doses of alcohol during adolescence may continue to affect the brain even after drinking stops, leading to structural changes in the brain and memory deficits, says a significant study....
Read more on Celebrity Balla
 
EU: inspiring innovation through 3D-printed robot
Brussels, Oct 29 (IANS) The European Union (EU) said that it has a 3D-printed robot ready to be introduced in schools to cultivate the creativity of students studying mechanics, computer sciences, electronics and 3D...
Read more on Politics Balla
 
'Confident West Indies will appear in 2015 World Cup'
Sydney, Oct 29 (IANS/CMC) John Harden, 2015 Cricket World Cup chief executive, has said he is confident that the former champions West Indies will appear at next year's event in Australia and New Zealand. Harden...
Read more on Sport Balla
 
NASA cargo spacecraft explodes minutes after launch
Washington, Oct 29 (IANS) In a shocking incident, an unmanned commercial rocket carrying crucial scientific cargo for the International Space Station (ISS) exploded moments after lift-off Tuesday evening. Orbital...
Read more on Politics Balla
 
Sleep disturbances linked to higher Alzheimer's risk in men
London, Oct 29 (IANS) Elderly men with self-reported sleep disturbances run a higher risk of developing Alzheimer's disease than men without self-reported sleep disturbances, says a study. "We demonstrate that men...
Read more on Business Balla
 
Champ Bailey Retires From the NFL
Former Denver Broncos cornerback Champ Bailey retired from the NFL on Oct. 28.Bailey ends his career as one of the top shutdown cornerbacks in league history, per Ben Swanson of the Broncos' official website:"Longtime...
Read more on Sport Balla