The International Olympic Committee (IOC) will contribute its share of the surplus of $10.4 million from the organisational budget of the Olympic Winter Games Beijing 2022 to support the legacy of these Games.
This was announced by IOC president Thomas Bach in Beijing on Saturday. The IOC’s share of the surplus will be given to the Chinese Olympic Committee (COC) and is intended to support the development of sport in China, in particular the continued engagement of 346 million Chinese people in winter sports, with a special focus on young people.
Earlier, the Beijing 2022 Organising Committee (Beijing 2022) revealed that it had achieved a surplus of $52 million (CNY 0.35 billion) from its organisational budget of $2.29 billion (revenue) (CNY 15.39 billion) with the successful Olympic Winter Games Beijing 2022. This excellent result was also possible thanks to the considerable IOC contribution to the success of the Games, which exceeded the support given to previous Olympic Winter Games.
The positive financial results of Beijing 2022 reflect the success of Beijing 2022’s commercial programme, which benefited from the strong Olympic brand. This strength was underlined by the record 2.01 billion unique viewers that tuned in to watch coverage from Beijing across linear TV and digital platforms, as well as the 3.2 billion engagements throughout the Games period on Olympic social media handles.
Beijing 2022 also successfully benefited from the optimisation work conducted with the IOC and the Olympic Movement stakeholders that was developed out of Olympic Agenda 2020 and reinforced during the COVID-19 pandemic.
The IOC was also informed that all of the Beijing 2022 venues have reopened since the Games concluded and have legacy plans in place, ensuring their post-Games, multi-purpose use all year round.
