(ATR) SportAccord released financial information on last year’s World Mind Games per a request by Sheikh Ahmad.
CIn a statement posted on the ANOC website on Tuesday, the ANOC president from Kuwait had a series of questions for embattled SportAccord president Marius Vizer, among them how the income from the organization’s multi-sport events like the World Mind Games was being distributed.
"I would like to learn from President Marius Vizer how SportAccord shares its income with the international sports federations … After all, NOCs and international sports federations ultimately share the same foundation which is the national sport federations and their athletes so it is vital that we all cooperate with each other," said Sheikh Ahmad.
The umbrella organization issued a statement of its own Friday, detailing the revenue distribution from the 2014 World Mind Games, held in Beijing.
Out of the total income of more than $2.7 million, SportAccord says 53.5 percent was redistributed to participating international federations and athletes through prize money, appearance fees and management fees.
The event cost $1.8 million to produce with another $657,000 set aside for staff salaries.
SportAccord says the event produced a profit in the neighborhood of $212,000.
The full financial report can be seen here on the SportAccord website.
Written by Nick Devlin
20 Years at #1: Your best source of news about the Olympics is AroundTheRings.com, for subscribers only.
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