2014 Sochi Winter Olympics derive record income from sponsorsSeptember 20, 2011 - 09:24 AMT PanARMENIAN.Net - Two and a half years before its start, the 2014 Sochi Winter Olympics is already the most successful in the history of the games at deriving income from national sponsors, beating the Beijing Summer Olympics' record. The games have taken in over $1.2 billion, Olympic organizing committee chairman Dmitry Chernyshenko announced at a session in Sochi, The Moscow Times reported. Last weekend, the committee signed a sponsorship agreement with Russian Buses (part of GAZ) and Skania Rus, as well as with recruiting agencies Adecco Group, EXECT Business Training and Kelly Services. Services are to be provided under the contract in addition to payment for the right to use the Olympic symbol and Sochi 2014 logo. Russian Buses and Skania Rus will provide buses, and Adecco Group will select temporary personnel to work at the games. The committee has an agreement with one more company, the identity of which is not being revealed, a committee representative said. A contract is expected to be signed before year-end and is considered in the calculation of the $1.2 billion sum. National sponsors make contracts with the organizing committee through competitions and are the committee's main source of income, since income from ticket sales is relatively slight. With the latest contracts, the number of partners for the 2014 Olympics amounts to 18. Eight sponsors account for almost $1 billion. The largest sponsor is Rosneft, which paid $180 million, followed by MegaFon and Tatneft at $130 million each. Gazprom declined to become a sponsor. Top stories Armenian gymnast, Olympic bronze medalist Artur Davtyan has reached the finals of the World Cup. Gor Manvelyan has denied reports alleging that he has expressed a desire to one day play for the French national team. Roma midfielder Henrikh Mkhitaryan is not considering FC Spartak Moscow as his next haven, according to fresh reports. 10 Armenian lifters will compete in the 2021 World Championships scheduled to be held from 7 to 17 December in Tashkent. Partner news | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |