Photo Courtesy: Rob Schumacher- USA TODAY Sports
Brazilian organizers are seeking help from the International Olympic Committee (IOC) in the form of financial assistance to settle millions of dollars in loans. In an article that appeared in the The New York Times from the Associated Press, creditors are reportedly still owed 130 million reals, or $40 million, from the Olympic Games that were hosted last summer.
Carlos Nuzman, the Brazilian Olympic Committee President, will be traveling to Switzerland next week to meet with the IOC in person. Organizers are hoping that the IOCs involvement will help them gain some advantage in settling their debts from hosting the Olympics.
However, the Brazilian Committees efforts may not end u…
Read the full article at: https://www.swimmingworldmagazine.com/news/rio-organizers-look-to-ioc-for-help-settling-40-million-debt/