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IOC Annual Report Shows First Normal-Cycle Operating Loss Since 2017
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IOC Annual Report Shows First Normal-Cycle Operating Loss Since 2017
By Terin Frodyma on SwimSwam The International Olympic Committee (IOC) has released its annual report for 2025, a landmark year as it made the Presidential transition from German Thomas Bach to Zimbabwe’s Kirsty Coventry. According to a report from The Sports Examiner, the IOC, excluding the COVID-19-impacted year of 2020, recorded its first operating loss since 2017, the year after the 2016 Rio Olympics. The report shows that the IOC distribute…
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