IOC Announce Huge Profits From Sochi 2014

The International Olympic Committee (IOC) has confirmed that the 2014 Winter Olympics in Sochi generated a profit of RUB 3.25 billion (approximately $50 million).

As part of the deal, pills the IOC already decided to put a 20% share of this total to the Russian Olympic Committee for the development of sport in the country.

Read more HERE.