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Friday, February 26, 2010

PostHeaderIcon Sochi Olympics hit $1 billion in sponsor deals

As the 2010 Vancouver Winter Games are coming to close we already start to look forward to the 2014 Sochi Winter Games in Russia. Event organizers are already planning on extra security as the games head to the war torn region. Hopefully in four years the issues such as the Russian-Georgain conflict and Chechnya conflict will not be an issue.

Some good news happened in the financial department as Organizers have topped $1 billion in sponsor deals this week. The biggest problem Sochi faces, outside of its location in a war-torn region, is actually being ready for the Olympics.

The creation of the alpine slopes for events will not even be ready until 2012, just 2 years prior. Many of the facilities, including the Olympic Villiage, will not be ready until 2013 so they are cutting it close. 2004 Athens close.

But with money coming in here's hoping for a smooth creation of the facilities.
VANCOUVER, British Columbia -- Organizers of the 2014 Winter Olympics have topped $1 billion in domestic sponsorship deals.

Putting them over the mark is a $115 million deal with Russian Railways. The agreement was announced Friday at the Vancouver Games. Deputy Prime Minister Dmitry Kozak attended the signing ceremony at the 2014 Sochi House. (...continue reading....)



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Welcome to Olympic Updates, my continuing blog to following the Olympic Games. Founded in 2007, I have enjoyed providing news and information on the 2008 Beijing Summer Games and I look forward to keeping you up to date on the 2010 Vancouver Winter Games.

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