Friday, Apr 19 2024 | Time 13:21 Hrs(IST)
image
Sports


Rio 2016 appeal to government to pay outstanding debts

Rio 2016 appeal to government to pay outstanding debts

By Andrew Downie


SAO PAULO, May 17 (Reuters) Brazil's Olympic organisers have asked federal and municipal governments to help them pay back a deficit of 117 million reais ( 37.8 million dollars) incurred in the hosting of the Paralympics, the spokesman for the games said. Mario Andrada said the request, which comes in spite of repeated promises the games would not need public money, was necessary because the two governments did not provide the funding they promised to host the Paralympics last September. "We talked to them and told them the situation and they have said they will help," Andrada told Reuters. "The deficit in December was 132 million reais and we have reduced it to 117 million so far this year. We negotiated with suppliers and we are talking to the government." The Rio city government did not answer a request for comment but the sports ministry strongly denied Andrada's allegations and said it had "complied fully with all its commitments." "The federal government does not consider that it has anything pending with the Rio 2016 Committee," the sports ministry said in a statement. Andrada said the municipal administration promised 150 million reais and paid only 30 million, while the federal government promised 100 million reais and paid less than 60 million. The Paralympics took place two weeks after the flagship event but lacked sponsors and organisers and struggled to sell the TV rights. That shortfall meant some countries sent reduced teams to Rio de Janeiro. The Rio Olympics, the first ever held in South America, were considered a sporting success, but like the World Cup held in Brazil two years previously, they have been widely criticised for poor planning and the lack of legacy. Several of the main venues, including the aquatics centre, are now lying abandoned. Landmark projects such as a new metro line stopped miles short of the main Olympic Park, and much of the building for the games has come under investigation in a sweeping corruption probe. Andrada said the Games were an overall success and claimed that every country since Sydney had ended their Olympic year in the red. "The games cost 2.8 billion dollars," he said. "That deficit of 132 million reais is around 1 percent. As a percentage it is small." There is no guarantee that either government will be able to pony up the money Andrade claims is owed. Brazil is currently in a financial bind as it stumbles through its worst recession in almost a century. REUTERS JW0529

More News

Israeli football star Shechter announces retirement

19 Apr 2024 | 10:07 AM

Jerusalem, Apr 19 (UNI) Israeli veteran forward Itay Shechter announced his retirement from football on Thursday at the age of 37.

see more..
Chamari Athapaththu sets big goal for T20 World Cup

Chamari Athapaththu sets big goal for T20 World Cup

19 Apr 2024 | 8:13 AM

Potchefstroom (South Africa), Apr 19 (UNI) Fresh off a stunning 195 not out that powered her team to the highest successful run-chase in women's ODIs, Sri Lanka captain Chamari Athapaththu has set high expectations for her team at the ICC Women's T20 World Cup 2024.

see more..
ICC expresses sadness at passing of Raman Subba Row

ICC expresses sadness at passing of Raman Subba Row

19 Apr 2024 | 7:57 AM

Dubai, Apr 19 (UNI) The International Cricket Council has expressed sadness at the passing of former England Test cricketer and ICC Match Referee Raman Subba Row at the age of 92.

see more..

ISL: Odisha FC host Kerala Blasters FC with a semi-final spot at stake

19 Apr 2024 | 7:49 AM

Bhubaneswar, Apr 19 (UNI) Odisha FC and Kerala Blasters FC will face each other in the first match of the Indian Super League (ISL) 2023-24 playoffs at the Kalinga Stadium here on Friday at 7:30 pm IST.

see more..

All-round show powers Mumbai Indians to a thrilling 9-run victory over Punjab Kings

19 Apr 2024 | 12:06 AM

Mullanpur, Apr 18 (UNI) Mumbai Indians clinched a thrilling nine-run victory over Punjab Kings in the 33rd match of the Indian Premier League (IPL) here on Thursday, riding on a spectacular half-century by Suryakumar Yadav and a deadly bowling display by Jasprit Bumrah and Gerald Coetzee.

see more..
image