“Like every other major organisation, we have felt the effects of the global economic downturn,” said Rogge, as reported by Reuters. “We have met the challenges together, and our movement is as strong as ever.
“The International Olympic Committee has maintained a solid financial foundation, thanks to a conservative investment strategy and strong support from our sponsoring partners and our broadcast rights-holders around the world.”
Rogge made the comments at the opening ceremony of the IOC session in Copenhagen, where Rio de Janeiro was on Friday voted as the host of the 2016 Olympic Games. Rogge is expected to win a second term as president unopposed at an election at the session.
