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Rio 2016 meets IPC payment obligations for Paralympic Games

Rio 2016 meets IPC payment obligations for Paralympic Games

By: SportBusiness International team

Posted:
22 Dec 2016
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The International Paralympic Committee (IPC) has said the organising committee for the 2016 summer Paralympic Games in Rio de Janeiro has now paid the travel grants it owed for this year’s event.

The IPC last week said it was “urgently seeking” a resolution to the funding issue stating that it was impacting on its financial affairs. Rio 2016 missed a deadline of November 30 to pay $3.7m (€3.45m) in travel grants owed by the organising committee to national Paralympic bodies.

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