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Category: 352

BOCOG reports 1.16 million RMB profit

Posted on by chinasportstoday

China made RMB 1.16 billion (US $170 million) in operating profit from the 2008 Olympic Games, a Chinese government auditor recently reported (full story from the Financial Times here). The Beijing Olympic committee reaped its revenues primarily from sponsorships and TV broadcast rights, according to the Financial Times. Its expenditures were on “transport, accommodation, medical services…

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