Current:Home > StocksOlympic sports bodies want talks with IOC on threats from adding cricket and others to 2028 program -FinanceMind
Olympic sports bodies want talks with IOC on threats from adding cricket and others to 2028 program
View
Date:2025-04-25 18:09:42
GENEVA (AP) — Olympic sports bodies want urgent talks with the IOC about the risk of cuts in their revenue shares and medal events at the 2028 Los Angeles Games because cricket and other newcomers were added to the program.
The International Olympic Committee last month approved cricket, baseball/softball, flag football, lacrosse and squash for 2028 and kept boxing, modern pentathlon and weightlifting — three sports whose status had been in doubt.
The umbrella group of current Summer Games sports, known by the acronym ASOIF, said Monday the decision to increase to a record 36 sports “has raised several questions” among its members, who collectively shared $540 million of IOC-allocated money at each of the past two Olympics.
Most Olympic sports got between $13 million and $17.3 million from the pandemic-delayed Tokyo Games in 2021. For some, that was about half their total income over four years.
Adding four team sports in 2028 also is set to break the IOC’s preferred limit of 10,500 athletes at a Summer Games and likely will put pressure on the core Olympic sports to cut their quotas of athletes or even medal events. The IOC has set a target of early 2025 to confirm final quotas.
ASOIF’s ruling council agreed Monday “to raise these urgent matters with the IOC leadership” after meeting in Lausanne, Switzerland.
The council includes the presidents World Athletics, the International Gymnastics Federation and World Aquatics — the top-tier Olympic sports.
Track and field got $38.5 million after the Tokyo Games, while gymnastics and swimming each got about $31.4 million of the IOC’s total revenue from broadcasters and sponsors of $7.6 billion from 2017-21. Adding cricket is expected to raise the IOC’s broadcast deal in India by at least $100 million.
Key issues for Olympic sports as the games keep expanding are “revenue share, athlete quotas, Olympic qualification systems and games optimization,” ASOIF president Francesco Ricci Bitti said. Optimization is the current Olympic buzzword for trimming costs and services to help organizers control spending.
“These are the issues that hugely impact (international federation) operations and have far-reaching effects on the entire Olympic Movement,” Ricci Bitti said in a statement.
The IOC did not immediately respond to a request for comment about the ASOIF request. The Olympic body is set to confirm revenue-sharing funds from the 2024 Paris Olympics after the event.
With Russia planning to stage a World Friendship Games weeks after the closing ceremony in Paris, ASOIF cautioned its members Monday about their involvement in a potential rival to the Olympics. Moscow and Yekaterinburg are set to host the games in September.
The Russian multi-sport event “is not conducive to dialogue within the sports world during these challenging times,” ASOIF said.
The Russian Olympic Committee remains suspended by the IOC but individuals can still be invited by some sports to compete as neutral athletes in international events if they don’t publicly support the war in Ukraine and don’t have ties to the military or state security agencies.
___
AP Olympics: https://apnews.com/hub/2024-paris-olympic-games
veryGood! (68)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Vanderpump Rules' Ariana Madix and Tom Sandoval Spotted Filming Season 11 Together After Scandal
- Yes, a Documentary on Gwyneth Paltrow's Ski Crash Trial Is Really Coming
- Get a 16-Piece Cookware Set With 43,600+ 5-Star Reviews for Just $84 on Prime Day 2023
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Breaking Down the 2023 Actor and Writer Strikes—And How It Impacts You
- Elon Musk launches new AI company, called xAI, with Google and OpenAI researchers
- These 14 Prime Day Teeth Whitening Deals Will Make You Smile Nonstop
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Amazon Prime Day 2023 Extended Deal: Get This Top-Rated Jumpsuit for Just $31
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Indoor Pollutant Concentrations Are Significantly Lower in Homes Without a Gas Stove, Nonprofit Finds
- Texas Regulators Won’t Stop an Oilfield Waste Dump Site Next to Wetlands, Streams and Wells
- BravoCon 2023 Is Switching Cities: All the Details on the New Location
- What do we know about the mysterious drones reported flying over New Jersey?
- Derailed Train in Ohio Carried Chemical Used to Make PVC, ‘the Worst’ of the Plastics
- Ryan Reynolds, John Legend and More Stars React to 2023 Emmy Nominations
- UN Water Conference Highlights a Stubborn Shortage of Global Action
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
These 28 Top-Rated Self-Care Products With Thousands of 5-Star Reviews Are Discounted for Prime Day
BravoCon 2023 Is Switching Cities: All the Details on the New Location
Nina Dobrev Recalls Wild Experience Growing Up in the Public Eye Amid Vampire Diaries Fame
The White House is cracking down on overdraft fees
As Enforcement Falls Short, Many Worry That Companies Are Flouting New Mexico’s Landmark Gas Flaring Rules
Most Federal Forest is Mature and Old Growth. Now the Question Is Whether to Protect It
As Russia bombs Ukraine ports and threatens ships, U.S. says Putin using food as a weapon against the world