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Sochi Winter Games made $53 million profit

Published 02/26/2015, 05:30 PM
© Reuters. People pose for a picture with a set of Olympics rings at the Olympic Park a day after the closing ceremony for the 2014 Sochi Winter Olympics

RIO DE JANEIRO (Reuters) - The 2014 Sochi Winter Olympics made an operating profit of 3.25 billion roubles ($53.15 million), officials announced on Thursday.

The International Olympic Committee said it was planning to give its share of the profits back to the Russian organizers.

"The IOC has already decided to transfer its 20 percent...to the Russian Olympic Committee," spokesperson Mark Adams told reporters.

© Reuters. People pose for a picture with a set of Olympics rings at the Olympic Park a day after the closing ceremony for the 2014 Sochi Winter Olympics

The 2016 Summer Games will be held in Rio de Janeiro.

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