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A doctor, a knight, a count and a three-time Olympian in yachting, Belgian Jacques Rogge, 70, is the ideal president of the IOC. The Committee, which can hold up to 115 members, is composed of royals, nobles, CEOs and Olympians. Since Rogge took the helm in 2001, it has opened up to a larger number of Olympians. Still the IOC's co-option method of selecting members ensures that it remains an elite group. Royals include Prince Faisal bin Al Hussein, Frederik, Crown Prince of Denmark, Princess Haya Bint Al Hussein, Sheikh Tamim Bin Hamad Al Thani, Prince Nawaf Faisal Fahd Abdulaziz, Prince Ahmad Al-Fahad Al-Sabah, Anne, Princess Royal, Prince Albert II and Princess Nora of Liechtenstein.
Originally posted by samkent
reply to post by deessell
You make it sound like a few people get 8 billion.
Where as it is money earned from broadcast rights and other sources. The money goes to companies and organisations.
No conspiracy here just a misinterpretation of the facts.
Calling Switzerland home allows the non-profit IOC to avoid a 20% income tax, and that's just the start, according to Play The Game's Lars Jørgensen.
Athletes receive no money directly from the IOC, but most receive bonuses from their National Olympic Committee for medaling. The USOC hands out $25,000 goes for gold, $15,000 for silver, and $10,000 for bronze.