-
How Do the Olympics Make Money? The Olympics Business Model, Explained | WSJ The Economics Of
The Olympic Games have been a revenue generating enterprise for the IOC from nearly their inception. WSJ’s Stu Woo unpacks the history of brand partnerships and the challenges sponsors are facing at the Beijing Games.
Photo: Fabrizio Bensch/Reuters
The Economics Of
How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS.
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#Olympics #EconomicsOf #WSJ
published: 08 Feb 2022
-
IOC suspends Russian Olympic Committee with immediate effect
► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub
The IOC Executive Board has taken the immediate decision to suspend the membership of the Russian Olympic Committee within the IOC.
The Russian Olympic Committee is now ineligible to function as an 'Olympic Committee' and is disqualified from receiving any financial support from the IOC.
#SkySportsNews #SkySports #IOC
► For the latest transfer news: https://qrcode.skysports.com/skysports/TransferCentre
More from Sky Sports on YouTube:
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► Sky Sports F1: http://bit.ly/SubscribeSkyF1
► Sky Sports Cricket: http://bit.ly/SubscribeSkyCric...
published: 12 Oct 2023
-
Why Hosting The Olympics Isn't Worth It Anymore
It's no secret that it's a pricey pain to host the Olympic Games, running billions of dollars above the estimated budget. As the International Olympic Committee receives fewer bids with each problematic games, the future of the tradition is looking unsure. We spoke with Smith College Professor of Economics Andrew Zimbalist on the matter. He should know, he's written about the Olympic issues in Circus Maximus, No Boston Olympics, and Rio 2016.
--------------------------------------------------
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Follow BI on Facebook: http://bit.ly/1W9Lk0n
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--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to t...
published: 05 Feb 2018
-
LIVE: UN and International Olympic Committee sign Olympic Truce ahead of 2024 Games
The United Nations and International Olympic Committee sign the Olympic Truce ahead of the 2024 Games in Paris.
#UN #Olympics #Paris2024 #live #news #reuters
Keep up with the latest news from around the world: https://www.reuters.com/
published: 21 Nov 2023
-
How The Olympics Became So Expensive For Host Cities
In 2018, the Rio games were estimated to have a total cost of $20 billion, far beyond the Rio organizing committee’s initial estimate of $2.8 billion. The city of Rio shelled out $8.2 billion on legacy builds, or builds intended to live well beyond the Olympic’s three-week life-cycle.
Cities incurring overrun costs when hosting the Olympics is not just unique to just Rio; according to the Council on Foreign Relations, since 1960, every Olympics saw high overrun costs. As overrun costs become a growing concern, several cities withdrew their 2022 winter Olympic bids in 2014, citing the potential costs.
The International Olympic Committee (IOC) enacted the Olympic Agenda 2020 in 2014; the agenda provided new regulations specifically to mitigate cost concerns. However, the IOC was faced wi...
published: 21 Jun 2021
-
International Olympic Committee approves cricket and four other sports for 2028 Games in Los Angeles
► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub
Five sports, including cricket and flag football, will be included at the 2028 Los Angeles Olympics after receiving the approval of the International Olympic Committee.
Lacrosse, squash and baseball-softball also received the green light at an official IOC meeting in Mumbai on Monday with only two delegates voting against the five new events.
Each host city, under IOC rules, can request the inclusion of several sports for their edition of the Games.
#SkySportsNews #SkySports #olympics
► For the latest developments on this story: https://qrcode.skysports.com/skysports/topstories
More from Sky Sports on YouTube:
► Sky Sports Retro: http://bit.ly/SkySportsRetroSub
► Sky Sports: http://bit.ly/SkySportsSub
► Sky Sports Fo...
published: 16 Oct 2023
-
The International Olympic Committee withdraws recognition of the IBA | Latest news | WION
The International Boxing Association has compared the International Olympic Committee to fascist Germany, after its decision to expel the governing body. The IBA claims that the move will be catastrophic for global boxing.
#iba #ioc #olympics
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
Please keep discus...
published: 23 Jun 2023
-
International Olympic Committee brush off concerns on Brisbane venues | 7 News Australia
The decision on which venues will hold Olympic events will be left firmly in Queensland's hands.
The International Olympic Committee brushed off concerns about the QSAC option saying size doesn't matter.
Subscribe and set 🔔 » https://7news.link/YTSubscribe |
For the latest Australian news and breaking news alerts, connect with 7NEWS online:
Visit » https://7news.com.au
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Instagram » https://www.instagram.com/7newsaustralia/
7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, The Latest, and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch...
published: 21 Mar 2024
-
International Olympic Committee recommends allowing Russian athletes to compete | DW News
The International Olympic Committee (IOC) recommended Tuesday that Russian athletes compete as individuals in international sporting events.
The IOC issued a set of recommendations, saying that those "with a Russian or a Belarusian passport must compete only as Individual Neutral Athletes." This means that athletes can compete as individuals without a national flag or under a "neutral" flag.
It advised sporting bodies against considering teams "of athletes with a Russian or Belarusian passport."
The organization clarified its recommendation to the governing bodies of Olympic sports "do not concern" the 2024 Paris Olympics — which run between July and August next year — saying that decision would be taken at a later date.
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub...
published: 28 Mar 2023
-
23rd June 1894: Establishment of the International Olympic Committee
Prior to the ICO’s establishment by Pierre de Coubertin, the British physician Dr William Penny Brookes had established the Wenlock Olympian Games in the English market town of Much Wenlock. Although he always maintained that he had the idea of reviving the ancient Olympic Games for amateur athletes himself, Coubertin entered correspondence with Brookes and benefited from his connections with the Greek government.
Coubertin was the secretary general of the Union of French Sports Associations and first proposed establishing the modern games at its meeting on 25 November 1892. Although his enthusiasm was met with little more than general applause, Coubertin was not deterred and began to lay the groundwork for what was to become the first Olympic Congress at the Sorbonne in Paris in 1894.
H...
published: 22 Jun 2018
7:54
How Do the Olympics Make Money? The Olympics Business Model, Explained | WSJ The Economics Of
The Olympic Games have been a revenue generating enterprise for the IOC from nearly their inception. WSJ’s Stu Woo unpacks the history of brand partnerships and...
The Olympic Games have been a revenue generating enterprise for the IOC from nearly their inception. WSJ’s Stu Woo unpacks the history of brand partnerships and the challenges sponsors are facing at the Beijing Games.
Photo: Fabrizio Bensch/Reuters
The Economics Of
How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS.
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#Olympics #EconomicsOf #WSJ
https://wn.com/How_Do_The_Olympics_Make_Money_The_Olympics_Business_Model,_Explained_|_Wsj_The_Economics_Of
The Olympic Games have been a revenue generating enterprise for the IOC from nearly their inception. WSJ’s Stu Woo unpacks the history of brand partnerships and the challenges sponsors are facing at the Beijing Games.
Photo: Fabrizio Bensch/Reuters
The Economics Of
How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS.
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#Olympics #EconomicsOf #WSJ
- published: 08 Feb 2022
- views: 307353
1:31
IOC suspends Russian Olympic Committee with immediate effect
► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub
The IOC Executive Board has taken the immediate decision to suspend the membership of the Russia...
► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub
The IOC Executive Board has taken the immediate decision to suspend the membership of the Russian Olympic Committee within the IOC.
The Russian Olympic Committee is now ineligible to function as an 'Olympic Committee' and is disqualified from receiving any financial support from the IOC.
#SkySportsNews #SkySports #IOC
► For the latest transfer news: https://qrcode.skysports.com/skysports/TransferCentre
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https://wn.com/Ioc_Suspends_Russian_Olympic_Committee_With_Immediate_Effect
► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub
The IOC Executive Board has taken the immediate decision to suspend the membership of the Russian Olympic Committee within the IOC.
The Russian Olympic Committee is now ineligible to function as an 'Olympic Committee' and is disqualified from receiving any financial support from the IOC.
#SkySportsNews #SkySports #IOC
► For the latest transfer news: https://qrcode.skysports.com/skysports/TransferCentre
More from Sky Sports on YouTube:
► Sky Sports Retro: http://bit.ly/SkySportsRetroSub
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- published: 12 Oct 2023
- views: 4188
5:28
Why Hosting The Olympics Isn't Worth It Anymore
It's no secret that it's a pricey pain to host the Olympic Games, running billions of dollars above the estimated budget. As the International Olympic Committee...
It's no secret that it's a pricey pain to host the Olympic Games, running billions of dollars above the estimated budget. As the International Olympic Committee receives fewer bids with each problematic games, the future of the tradition is looking unsure. We spoke with Smith College Professor of Economics Andrew Zimbalist on the matter. He should know, he's written about the Olympic issues in Circus Maximus, No Boston Olympics, and Rio 2016.
--------------------------------------------------
Follow Business Insider on Twitter: https://twitter.com/businessinsider
Follow BI on Facebook: http://bit.ly/1W9Lk0n
Read more: http://www.businessinsider.com/
--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
https://wn.com/Why_Hosting_The_Olympics_Isn't_Worth_It_Anymore
It's no secret that it's a pricey pain to host the Olympic Games, running billions of dollars above the estimated budget. As the International Olympic Committee receives fewer bids with each problematic games, the future of the tradition is looking unsure. We spoke with Smith College Professor of Economics Andrew Zimbalist on the matter. He should know, he's written about the Olympic issues in Circus Maximus, No Boston Olympics, and Rio 2016.
--------------------------------------------------
Follow Business Insider on Twitter: https://twitter.com/businessinsider
Follow BI on Facebook: http://bit.ly/1W9Lk0n
Read more: http://www.businessinsider.com/
--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
- published: 05 Feb 2018
- views: 9400859
2:25:08
LIVE: UN and International Olympic Committee sign Olympic Truce ahead of 2024 Games
The United Nations and International Olympic Committee sign the Olympic Truce ahead of the 2024 Games in Paris.
#UN #Olympics #Paris2024 #live #news #reuters...
The United Nations and International Olympic Committee sign the Olympic Truce ahead of the 2024 Games in Paris.
#UN #Olympics #Paris2024 #live #news #reuters
Keep up with the latest news from around the world: https://www.reuters.com/
https://wn.com/Live_Un_And_International_Olympic_Committee_Sign_Olympic_Truce_Ahead_Of_2024_Games
The United Nations and International Olympic Committee sign the Olympic Truce ahead of the 2024 Games in Paris.
#UN #Olympics #Paris2024 #live #news #reuters
Keep up with the latest news from around the world: https://www.reuters.com/
- published: 21 Nov 2023
- views: 3470
18:24
How The Olympics Became So Expensive For Host Cities
In 2018, the Rio games were estimated to have a total cost of $20 billion, far beyond the Rio organizing committee’s initial estimate of $2.8 billion. The city ...
In 2018, the Rio games were estimated to have a total cost of $20 billion, far beyond the Rio organizing committee’s initial estimate of $2.8 billion. The city of Rio shelled out $8.2 billion on legacy builds, or builds intended to live well beyond the Olympic’s three-week life-cycle.
Cities incurring overrun costs when hosting the Olympics is not just unique to just Rio; according to the Council on Foreign Relations, since 1960, every Olympics saw high overrun costs. As overrun costs become a growing concern, several cities withdrew their 2022 winter Olympic bids in 2014, citing the potential costs.
The International Olympic Committee (IOC) enacted the Olympic Agenda 2020 in 2014; the agenda provided new regulations specifically to mitigate cost concerns. However, the IOC was faced with another challenge: hosting the Tokyo Olympics amid the Covid-19 pandemic.
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How The Olympics Became So Expensive For Host Cities
https://wn.com/How_The_Olympics_Became_So_Expensive_For_Host_Cities
In 2018, the Rio games were estimated to have a total cost of $20 billion, far beyond the Rio organizing committee’s initial estimate of $2.8 billion. The city of Rio shelled out $8.2 billion on legacy builds, or builds intended to live well beyond the Olympic’s three-week life-cycle.
Cities incurring overrun costs when hosting the Olympics is not just unique to just Rio; according to the Council on Foreign Relations, since 1960, every Olympics saw high overrun costs. As overrun costs become a growing concern, several cities withdrew their 2022 winter Olympic bids in 2014, citing the potential costs.
The International Olympic Committee (IOC) enacted the Olympic Agenda 2020 in 2014; the agenda provided new regulations specifically to mitigate cost concerns. However, the IOC was faced with another challenge: hosting the Tokyo Olympics amid the Covid-19 pandemic.
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
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#CNBC
How The Olympics Became So Expensive For Host Cities
- published: 21 Jun 2021
- views: 1004156
5:35
International Olympic Committee approves cricket and four other sports for 2028 Games in Los Angeles
► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub
Five sports, including cricket and flag football, will be included at the 2028 Los Angeles Olymp...
► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub
Five sports, including cricket and flag football, will be included at the 2028 Los Angeles Olympics after receiving the approval of the International Olympic Committee.
Lacrosse, squash and baseball-softball also received the green light at an official IOC meeting in Mumbai on Monday with only two delegates voting against the five new events.
Each host city, under IOC rules, can request the inclusion of several sports for their edition of the Games.
#SkySportsNews #SkySports #olympics
► For the latest developments on this story: https://qrcode.skysports.com/skysports/topstories
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https://wn.com/International_Olympic_Committee_Approves_Cricket_And_Four_Other_Sports_For_2028_Games_In_Los_Angeles
► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub
Five sports, including cricket and flag football, will be included at the 2028 Los Angeles Olympics after receiving the approval of the International Olympic Committee.
Lacrosse, squash and baseball-softball also received the green light at an official IOC meeting in Mumbai on Monday with only two delegates voting against the five new events.
Each host city, under IOC rules, can request the inclusion of several sports for their edition of the Games.
#SkySportsNews #SkySports #olympics
► For the latest developments on this story: https://qrcode.skysports.com/skysports/topstories
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- published: 16 Oct 2023
- views: 35311
1:50
The International Olympic Committee withdraws recognition of the IBA | Latest news | WION
The International Boxing Association has compared the International Olympic Committee to fascist Germany, after its decision to expel the governing body. The IB...
The International Boxing Association has compared the International Olympic Committee to fascist Germany, after its decision to expel the governing body. The IBA claims that the move will be catastrophic for global boxing.
#iba #ioc #olympics
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.
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https://wn.com/The_International_Olympic_Committee_Withdraws_Recognition_Of_The_Iba_|_Latest_News_|_Wion
The International Boxing Association has compared the International Olympic Committee to fascist Germany, after its decision to expel the governing body. The IBA claims that the move will be catastrophic for global boxing.
#iba #ioc #olympics
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.
Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Connect with us on our social media handles:
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Follow us on Google News for the latest updates
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- published: 23 Jun 2023
- views: 1476
1:46
International Olympic Committee brush off concerns on Brisbane venues | 7 News Australia
The decision on which venues will hold Olympic events will be left firmly in Queensland's hands.
The International Olympic Committee brushed off concerns abou...
The decision on which venues will hold Olympic events will be left firmly in Queensland's hands.
The International Olympic Committee brushed off concerns about the QSAC option saying size doesn't matter.
Subscribe and set 🔔 » https://7news.link/YTSubscribe |
For the latest Australian news and breaking news alerts, connect with 7NEWS online:
Visit » https://7news.com.au
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7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, The Latest, and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes nightly at 6pm and weekdays at 11:30am and 4pm on Channel 7 and 7plus.
#BREAKINGNEWS #7NEWS
https://wn.com/International_Olympic_Committee_Brush_Off_Concerns_On_Brisbane_Venues_|_7_News_Australia
The decision on which venues will hold Olympic events will be left firmly in Queensland's hands.
The International Olympic Committee brushed off concerns about the QSAC option saying size doesn't matter.
Subscribe and set 🔔 » https://7news.link/YTSubscribe |
For the latest Australian news and breaking news alerts, connect with 7NEWS online:
Visit » https://7news.com.au
7NEWS Podcast » http://smarturl.it/7NewsDaily
Facebook » https://www.facebook.com/7NewsAustralia
Twitter » https://twitter.com/7NewsAustralia
Instagram » https://www.instagram.com/7newsaustralia/
7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, The Latest, and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes nightly at 6pm and weekdays at 11:30am and 4pm on Channel 7 and 7plus.
#BREAKINGNEWS #7NEWS
- published: 21 Mar 2024
- views: 2118
5:28
International Olympic Committee recommends allowing Russian athletes to compete | DW News
The International Olympic Committee (IOC) recommended Tuesday that Russian athletes compete as individuals in international sporting events.
The IOC issued a s...
The International Olympic Committee (IOC) recommended Tuesday that Russian athletes compete as individuals in international sporting events.
The IOC issued a set of recommendations, saying that those "with a Russian or a Belarusian passport must compete only as Individual Neutral Athletes." This means that athletes can compete as individuals without a national flag or under a "neutral" flag.
It advised sporting bodies against considering teams "of athletes with a Russian or Belarusian passport."
The organization clarified its recommendation to the governing bodies of Olympic sports "do not concern" the 2024 Paris Olympics — which run between July and August next year — saying that decision would be taken at a later date.
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https://wn.com/International_Olympic_Committee_Recommends_Allowing_Russian_Athletes_To_Compete_|_Dw_News
The International Olympic Committee (IOC) recommended Tuesday that Russian athletes compete as individuals in international sporting events.
The IOC issued a set of recommendations, saying that those "with a Russian or a Belarusian passport must compete only as Individual Neutral Athletes." This means that athletes can compete as individuals without a national flag or under a "neutral" flag.
It advised sporting bodies against considering teams "of athletes with a Russian or Belarusian passport."
The organization clarified its recommendation to the governing bodies of Olympic sports "do not concern" the 2024 Paris Olympics — which run between July and August next year — saying that decision would be taken at a later date.
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- published: 28 Mar 2023
- views: 14253
2:45
23rd June 1894: Establishment of the International Olympic Committee
Prior to the ICO’s establishment by Pierre de Coubertin, the British physician Dr William Penny Brookes had established the Wenlock Olympian Games in the Englis...
Prior to the ICO’s establishment by Pierre de Coubertin, the British physician Dr William Penny Brookes had established the Wenlock Olympian Games in the English market town of Much Wenlock. Although he always maintained that he had the idea of reviving the ancient Olympic Games for amateur athletes himself, Coubertin entered correspondence with Brookes and benefited from his connections with the Greek government.
Coubertin was the secretary general of the Union of French Sports Associations and first proposed establishing the modern games at its meeting on 25 November 1892. Although his enthusiasm was met with little more than general applause, Coubertin was not deterred and began to lay the groundwork for what was to become the first Olympic Congress at the Sorbonne in Paris in 1894.
Having initially invited participants to a meeting entitled ‘Reflections on and Propagation of the Principles of Amateurism’, Coubertin later changed the name to a ‘Congress on the Revival of the Olympic Games’. 79 delegates from 9 countries subsequently met at the Sorbonne, although Coubertin himself recognised that there still little enthusiasm for reviving the games.
Despite this, a vote was held at the final meeting of the congress on 23 June that established the International Olympic Committee. Coubertin was elected to the role of general secretary with the Greek businessman and writer Demetrios Vikelas as the first president. It was further agreed that the first modern Olympic Games would take place in Athens in 1896 with the second in Paris four years later. The IOC has remained responsible for the Olympic Games ever since.
https://wn.com/23Rd_June_1894_Establishment_Of_The_International_Olympic_Committee
Prior to the ICO’s establishment by Pierre de Coubertin, the British physician Dr William Penny Brookes had established the Wenlock Olympian Games in the English market town of Much Wenlock. Although he always maintained that he had the idea of reviving the ancient Olympic Games for amateur athletes himself, Coubertin entered correspondence with Brookes and benefited from his connections with the Greek government.
Coubertin was the secretary general of the Union of French Sports Associations and first proposed establishing the modern games at its meeting on 25 November 1892. Although his enthusiasm was met with little more than general applause, Coubertin was not deterred and began to lay the groundwork for what was to become the first Olympic Congress at the Sorbonne in Paris in 1894.
Having initially invited participants to a meeting entitled ‘Reflections on and Propagation of the Principles of Amateurism’, Coubertin later changed the name to a ‘Congress on the Revival of the Olympic Games’. 79 delegates from 9 countries subsequently met at the Sorbonne, although Coubertin himself recognised that there still little enthusiasm for reviving the games.
Despite this, a vote was held at the final meeting of the congress on 23 June that established the International Olympic Committee. Coubertin was elected to the role of general secretary with the Greek businessman and writer Demetrios Vikelas as the first president. It was further agreed that the first modern Olympic Games would take place in Athens in 1896 with the second in Paris four years later. The IOC has remained responsible for the Olympic Games ever since.
- published: 22 Jun 2018
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