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IOC approves $800m to address COVID-19 crisis

first_imgInternational Olympic Committee (IOC) anticipates that it will have to bear costs of up to USD 800 million for its part of the responsibilities for the organisation of the Olympic Games Tokyo 2020, its own extended operations and the support for the wider Olympic Movement. Loading… Additionally, the Swiss Federal Council agreed yesterday to offer support to the Switzerland-based IFs in a joint programme with the IOC. ‘The IOC thanks the Swiss Federal Council for the offer to support the International Federations jointly with the IOC. We are fully committed to successfully delivering this International Sports Federation support programme in cooperation with the Swiss authorities. This initiative is a great acknowledgement of the importance of the International Sports Federations and sport,’ IOC President Thomas Bach commented. It was previously announced that Olympic Solidarity has increased the budget for its athlete programmes by USD 15 million, which covers scholarships for over 1,600 athletes from 185 NOCs and the IOC Refugee Olympic Team. Olympic Solidarity had also increased the budget for IOC subsidies for the participation of NOCs in the Olympic Games by USD 10.3 million. This additional budget will allow Olympic Solidarity to make available additional funds relating to exceptional Games-related costs incurred by NOCs due to the postponement of the Olympic Games Tokyo 2020. President Bach said: ‘The Olympic Movement is facing an unprecedented challenge. The IOC has to organise postponed Olympic Games for the first time ever, and has to help its stakeholders come through this global crisis. read also:IOC to discuss providing financial support to international federations This new situation will need all our solidarity, creativity, determination and flexibility. We shall all need to make sacrifices and compromises. Extraordinary circumstances call for extraordinary measures. This situation requires every one of us to do our part, and this applies to all of us, including the IOC. With today’s financial plans, we are addressing these needs.’ FacebookTwitterWhatsAppEmail分享 This amount will be covered by the IOC itself, including any funding from the Olympic Foundation. This number includes the cost for the organisation of the postponed Games of up to USD 650 million for the IOC, and an aid package of up to USD 150 million for the Olympic Movement, including the International Federations (IFs), the National Olympic Committees (NOCs) and the IOC-Recognised Organisations, to enable them to continue their sports, their activities and their support to their athletes. Today, the IOC Executive Board (EB) approved this financial plan. At the moment, the IOC is undergoing a deep analysis process to evaluate and assess the impact of the COVID-19 crisis on all of its operations. This is a complex exercise because of the constantly changing factors which have to be considered in the current environment. The IOC, as the leader of the Olympic Movement, is playing a critical role in supporting its stakeholders during the COVID-19 outbreak. To stand in solidarity with the Olympic Movement, it has also put together an aid package of up to USD 150 million, from which the IFs, NOCs and IOC-Recognised Organisations can benefit. This funding is meant to help them continue their mission to develop their sports, prepare for the Olympic Games and support their athletes. The IOC and its stakeholders are still going through the analysis process to assess the needs on a case-by-case basis. Promoted ContentYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Truly Incredible Facts About Black Holes7 Netflix Shows Cancelled Because They Don’t Get The Ratings8 Things That Will Happen If An Asteroid Hits EarthWho Is The Most Powerful Woman On Earth?How They Made Little Simba Look So Lifelike in ‘The Lion King’Underappreciated Movies You Missed In 2019Boys Deserve More Than Action-Hero Role ModelsCouples Who Celebrated Their Union In A Unique, Unforgettable WayBest Car Manufacturers In The WorldThe Very Last Bitcoin Will Be Mined Around 2140. Read Morelast_img read more

Redskins hire Ron Rivera as coach

first_img First Published: 1st January, 2020 19:51 IST Written By COMMENT Last Updated: 1st January, 2020 19:51 IST Redskins Hire Ron Rivera As Coach The Redskins hired Ron Rivera as their coach on Wednesday in owner Dan Snyder’s latest step to try to turn around the wayward franchise. FOLLOW US LIVE TVcenter_img Associated Press Television News WATCH US LIVE SUBSCRIBE TO US The Redskins hired Ron Rivera as their coach on Wednesday in owner Dan Snyder’s latest step to try to turn around the wayward franchise.Washington announced the move two days after Snyder fired president Bruce Allen following a decade of futility. The former Carolina Panthers coach quickly emerged as the Redskins’ top candidate and inherits a team that went 3-13 this season and hasn’t made the playoffs since 2015.The 57-year-old of Mexican and Puerto Rican descent is the first minority to be named full-time coach in Redskins franchise history. Rivera is the seventh coach hired by Snyder in his two decades of ownership that have included just five playoff appearances.Rivera spent the past nine seasons coaching the Panthers, taking them to the Super Bowl in 2015.“He gets the best out of players,” said Redskins cornerback Josh Norman, who played for Rivera with Carolina. “And not just players, but men. He builds men and guys — and also builds character, and sets them up not just for football, but sets (them up) in life. I think that’s the first and foremost thing you want to see in anybody, that they actually care about you instead of the game itself.”The Redskins are the first team that fired its coach this season to fill the position. Snyder zeroed in on Rivera, who flew to Washington on Monday to meet with him about the job.Rivera replaces interim coach Bill Callahan, a favorite of Allen, who was fired after going 62-97-1 during his 10 years with the organization.“After several meetings with Coach Rivera, it was clear he is the right person to bring winning football back to Washington, D.C.,” Snyder said in a statement. “He is widely respected around the league as a man of great integrity and has proven to be one of the finest coaches in the country.”Snyder and Allen fired Jay Gruden in October after a 0-5 start to his sixth season. Rivera was fired by the Panthers in December after starting 5-7.Carolina made the playoffs four times during Rivera’s tenure, including a 15-1 season in 2015.“Those Panther teams were tough and physical,” said Redskins linebacker Ryan Kerrigan, the team’s longest-tenured player. “Obviously they made the Super Bowl that one year. We played against them that year and they really were a damn good team that year. He’s always had a physical, tough bunch. I know that.”Rivera previously was a defensive coordinator for the Bears and Chargers. He should boost a Redskins defense that underachieved and finished 27th out of 32 NFL teams.“Just not consistent enough is the big word of the year,” defensive lineman Jonathan Allen said. “We have a young group, young defense and, I mean, (the) only place from here is up, honestly.”Rivera could bring in Steve Wilks as defensive coordinator after time together in Carolina. Wilks spent one season as Arizona’s coach and most recently was defensive coordinator in Cleveland under Freddie Kitchens, who was fired Sunday.Norman, who had his only All-Pro season under Wilks, called him “the best guy for the job.”Rivera goes from coaching Cam Newton with Carolina to younger quarterback Dwayne Haskins with Washington. Haskins, whom the Redskins selected 15th overall and goes into 2020 as the starter, met Rivera during the pre-draft process.“He’s a good dude,” Haskins said. “I heard a lot of good things about him. We’ll see what happens.” last_img read more

Ex Barca boss Rosell faces February trial for money laundering

first_imgProsecutors at the Madrid-based National Court have called for the ex Barca boss to be jailed for 11 years and fined 59 million euros.Rosell and his wife are accused of hiding money illegally obtained by Ricardo Teixeira, the former head of the Brazilian Football Confederation.Rosell had previously lived and worked in Brazil, where he forged numerous business links.The case centres on a deal signed by Teixeira in 2006 with a company based in the Cayman Islands for the television rights to 24 Brazil friendly matches.Altogether, Rosell and his wife allegedly received close to 15 million euros in their accounts as part of the deal.They pocketed 6.6 million euros with 8.4 million destined for Teixeira, prosecutors say.The trial will open on February 25, and run until March 27.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Former Barcelona president Sandro Rosell, pictured July 2014, his wife and four others are accused of “large-scale money laundering” since 2006 relating to television rights and sponsorship in Brazil © AFP/File / PIERRE-PHILIPPE MARCOUMADRID, Spain, Oct 17 – Former Barcelona president Sandro Rosell will go on trial for money laundering in February, Spanish judicial sources revealed on Wednesday.Rosell, his wife and four others are accused of “large-scale money laundering” of at least 19.9 million euros ($23 million) since 2006 relating to television rights and sponsorship in Brazil.last_img read more