Revenue formula for London Games retained | other | Hindustan Times
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Revenue formula for London Games retained

other Updated: Apr 28, 2010 00:57 IST
Agencies/HT Correspondent
Agencies/HT Correspondent
Hindustan Times
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Despite calls for change by swimming's governing body, international sports bodies have agreed to maintain the revenue-sharing formula that will provide track and field with the biggest share of television money from the 2012 London Olympics.

The Association of Summer Olympic International Federations, which represents the 26 sports on the London program, rejected a call by swimming body FINA to change the criteria for distributing the projected $375 million in TV revenues. Under the formula, the International Association of Athletics Federations will receive $35.77 million as the No. 1 sport in the revenue ranking.

That's nearly twice as much as FINA and the other federations in the second rank of sports will receive.