Meet the Secret Group Earning $8 Billion From the Olympics

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The International Olympic Committee in 1896.

By Gus Lubin and Samuel Blackstone

The secretive group that runs the Olympics is expected to earn a record $8 billion in the 2009-2012 quadrennial cycle, according to Sportcal.

Formed to promote "Olympism," the International Olympic Committee doesn't get rich off the Games, but they do enjoy themselves.

The 109-member Committee gets wined and dined by cities and corporations bidding for contracts, and they get treated like royalty at the Games.

Several times they've been caught taking bribes, but generally what happens in Switzerland stays in Switzerland.


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dennyinusa

Just another group of pigs at the trough, making money off the labor of others. In this day an age how can there be such a thing as royals, people who's greatest accomplishment was being born to a certain family.

August 08 2012 at 7:31 PM Report abuse rate up rate down Reply