International Olympic Committee
The International Olympic Committee (abbr. IOC, French Comité international olympique, English International Olympic Committee) is an international organization created to revive the Olympic Games and promote the Olympic movement. The headquarters of the committee is located in Lausanne (Switzerland).
The IOC was founded on the initiative of Baron Pierre de Coubertin on June 23, 1894 in Paris with the aim of reviving and organizing the Olympic Games. The Greek Demetrius Vikelas became the first president of the IOC.
The official languages are English and French. The motto - "Faster, higher, stronger" (lat. Citius, altius, fortius) was changed on July 20, 2021 to "Faster, higher, stronger - together" (lat. Citius, altius, fortius - communiter). International Olympic Day is celebrated on June 23 every year.
Mission and Role
The role of the IOC is to lead the Olympic Movement and develop the Olympic Games in accordance with the Olympic Charter. The IOC determines the procedure and rules for the inclusion of any sport in the program of the Olympic Games, notes the contribution to the development of the Olympic movement by awarding the Olympic Order or diploma, etc. It encourages the organization and development of sports and sports competitions, ensures the regular holding of the Olympic Games.
The IOC is responsible for the legal protection of the Olympic symbol, flag and motto. He owns all rights to the Olympic Games. At the same time, the functions of organizing the Olympic Games are carried out not by the IOC, but by the Organizing Committee established in the host country.
The only source of funding for the IOC is the private sector.
Until 1984, up to 80% of the IOC's budget was earned from lotteries and the sale of commemorative coins. Starting with the Los Angeles Olympics, the main income began to come from sales of television broadcasting rights and sponsorship and licensing activities. In the course of the reforms carried out under Juan Antonio Samaranch, the IOC established the TOP Olympic Partnership program, designed for large international corporations. For significant money, sponsors began to receive the exclusive status of a partner of the Games. A separate company took up the promotion of Olympic symbols. The IOC began to work closely with major sports companies, promoting products not only for professional, but also for mass sports.
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