25 Jul 2012

Olympic finances strong and safe

11:56 am on 25 July 2012

The International Olympic Committee's finances are strong and safe beyond the London Games with reserves more than trebling since 2001.

President Jacques Rogge says the sale of broadcasting rights for the Olympic Games between 2014 and 2016 is expected to top $5 billion, and sponsorship revenues are also on the rise.

The IOC has been trying to reduce the size of the Games and has capped athletes at just over 10,000, and the number of sports at 28 to keep their product attractive to potential bid cities.