Olympic Games Definition & Meaning
Following her arrival in New York, Olympic was opened as a lot as the public and obtained over eight,000 visitors. More than 10,000 spectators watched her depart from New York harbour, for her first return trip. During her third crossing, an observer of the Cunard Line was on board, seeking ideas for their new ship then underneath construction, the Aquitania.
Brundage’s resistance to this revenue stream meant the IOC left organising committees to barter their very own sponsorship contracts and use the Olympic symbols. When Brundage retired the IOC had US$2 million in property; eight years later the IOC coffers had swelled to US$45 million. This was primarily due to a shift in ideology towards enlargement of the Games by way of corporate sponsorship and the sale of tv rights. When Juan Antonio Samaranch was elected IOC president in 1980 his need was to make the IOC financially independent. International …