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

1 day 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 ...
Source: espn olympic   Full article at: espn olympic
 

 
Update
10

1 day 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 Serena and V ...
Source: FOXSPORTSASIA.com   Full article at: FOXSPORTSASIA.com
 

 
Update
9

1 week 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 ...
Source: globeandmail   Full article at: globeandmail
 

 
Update
8

2 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 reading.. ...
Source: Sport-The Guardian   Full article at: Sport-The Guardian
 

 
Update
7

2 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 schedule ...
Source: Sportcal.com   Full article at: Sportcal.com
 

 
Update
5

2 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 Oslo’s bid on Wed ...
Source: Sports Pro Media   Full article at: Sports Pro Media
 

 
Update
4

3 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 fin ...
Source: Sports Business News   Full article at: Sports Business News
 

 
Update
3

3 weeks ago

USOC wary of funding for unit examining abuse

Sep 29 2014 3:39pm CDT | Source: espn olympic

The head of the U.S. Olympic Committee has serious concerns when it comes to funding an independent agency to investigate sex-abuse claims inside Olymp ...
Source: espn olympic   Full article at: espn olympic
 

 
Update
2

3 weeks ago

IOC seeks bids for Olympic broadcast rights in Middle East and North Africa

Sep 29 2014 10:09am CDT | Source: Sportcal.com

IOC seeks bids for Olympic broadcast rights in Middle East and ...
Source: Sportcal.com   Full article at: Sportcal.com
 

 
Update
1

8 weeks ago

IOC President Thomas Bach does the Haka

Aug 22 2014 2:12pm CDT | Source: olympic

A group of young New Zealand athletes, all wearing the all-black attire with which they are synonymous, put on an impressive rendition of the Ka Maté Haka, the traditional Maori war dance that is performed by New Zealand teams before sporting competitions. And then, to his obvious delight, the IOC President was given a quick lesson in the basics of the Haka himself, which he said would certainly come in handy in the future. “I’m going to start the ...
Source: olympic   Full article at: olympic
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Levante sack coach Mendilibar
Madrid, Oct 21 (IANS) Jose Luis Mendilibar became the second coach of the season to be sacked in La Liga when he was shown the door by Levante.
 
 
Pistorius's 5-year jail satisfies slain girlfriend's kin
Pretoria, Oct 21 (IANS) The family of slain model Reeva Steenkamp Tuesday welcomed the sentencing of South African Paralympian Oscar Pistorius to up to five years in jail for the death of their daughter.
 
 
Kiplagat determined to win New York Marathon
Nairobi, Oct 21 (IANS) World Marathon Champion Edna Kiplagat of Kenya is determined to win the New York City Marathon Nov 2, the final event of 2014 World Marathon Majors (WMM).
 
 
Grenada PM willing to act as mediator between WICB, players
Bridgetown (Barbados), Oct 21 (IANS/CMC) Grenada Prime Minister Keith Mitchell has said he is prepared to act as a mediator in the ongoing pay dispute between the cricketers, West Indies Players Association (WIPA) and West Indies Cricket Board (WICB) that led to abandoning of the India tour by the team last week.
 
 
 

Latest from the Network

1,074 new dengue cases in Chinese province
Beijing, Oct 18 (IANS) China's Guangdong province has reported 1,047 new cases of dengue fever, health authorities said Saturday. Six people have already died in Guangdong -- five in Guangzhou and one in adjacent...
Read more on Business Balla
 
Blake Lively 'always' wanted to be mum
Blake Lively has ''always'' wanted to be a mother. The 27-year-old actress is expecting her first child with husband Ryan Reynolds and she admits she's been dreaming of this moment since she was a youngster. Speaking...
Read more on Celebrity Balla
 
Kris Jenner 'torn apart' by Bruce's new relationship
Kris Jenner feels ''torn apart and angry'' that Bruce Jenner is dating her former assistant. The 58-year-old matriarch split from the 64-year-old Olympic gold medalist last October following 22-years of marriage but is...
Read more on Celebrity Balla
 
Cheryl Fernandez-Versini won't move to France
Cheryl Fernandez-Versini doesn't want to move to her husband's home country of France. The 'X Factor' judge, 31, who comes from Newcastle, is adamant she won't be relocating any time soon to suit her new spouse Jean-...
Read more on Celebrity Balla
 
Lance Bass sets wedding date
Lance Bass has set a date for his wedding. The former *NSYNC singer and his partner Michael Turchin, who have been dating for two-and-a-half years, are to tie the knot on December 20, 2014, a representative for the...
Read more on Celebrity Balla
 
Nepal avalanche toll reaches 39
Kathmandu, Oct 18 (IANS) At least 39 climbers died while hiking on a key Nepali route after it was hit by a major snowstorm and avalanches earlier this week, BBC reported Saturday citing officials. Over 350 stranded...
Read more on Politics Balla
 
Jake Gyllenhaal says society is complicit in 'nightcrawling'
Jake Gyllenhaal says almost everybody in society ought to relate to his new movie 'Nightcrawlers'. The eagerly-awaited film concerns those people who monitor police scanners and then race to crime scenes to film eye-...
Read more on Movie Balla
 
India eves look for first win in AFC U-16 qualifiers
Dhaka, Oct 18 (IANS) India will hope to register their first win of the 2015 Asian Football Confederation (AFC) Under-16 Women's Championship qualifiers when they take on hosts Bangladesh in a crucial encounter at the...
Read more on Sport Balla
 
Moyes mulling return to management
London, Oct 18 (IANS) Former Manchester United manager David Moyes said that he is ready to revive his managerial career six months after being sacked by the 'Red Devils'. "I am ready to return. I have enjoyed the...
Read more on Sport Balla
 
Ebola fears loom over Ghana hosting AFCON
Accra (Ghana), Oct 18 (IANS) The Ghana Medical Association (GMA) cautioned the government Saturday against hosting the 2015 African Cup of Nations (AFCON), despite a request by the Confederation of African Football (...
Read more on Sport Balla