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IOC to Begin Auditing of Money to International Federations

About The International Olympic CommitteeThe International Olympic Committee is a not-for-profit independent international organisation made up of volunteers, which is committed to building a better world through sport.

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“We believe this location constitutes the optimal choice of venue from a wide range of perspectives: including the athlete experience, maximum use of existing venues, post-games legacies, and for the future development of the sport of cycling in Japan and across Asia”, Tokyo organizing committee CEO Toshiro Muto said in a statement.

Workers stand at an entrance to the Olympic Park construction site on June 8, 2015 in the Barra da Tijuca neighborhood of Rio de Janeiro, Brazil.

Bach has repeatedly distanced the International Olympic Committee from the scandal at FIFA that has led to a wave of arrests and indictments of dozens of soccer and marketing officials on racketeering charges and the suspensions of FIFA President Sepp Blatter and UEFA head Michel Platini.

“So yes I think these reforms when they have been approved by the Congress are a basis”.

“We have to have total confidence”, he said.

Under the proposed system, sports organisations would transfer funds used in the fight against doping and hand over doping control operations to the new organisation, which would include an intelligence gathering unit to help WADA act more proactively.

“Sanctions should be pronounced by the Court of Arbitration for Sport (CAS)”.

The agreement covers the XXIII Olympic Winter Games in PyeongChang in 2018, the Games of the XXXII Olympiad in Tokyo in 2020, the XXIV Olympic Winter Games in Beijing in 2022, as well as all Olympic Games through to 2032.

“This organisation should also co-ordinate the work of the national anti-doping agencies to ensure a streamlined, efficient and worldwide harmonised anti-doping system”.

Bach expressed full confidence in the success of the Rio Olympics, despite Brazil’s ongoing economic and political crises.

With the opening ceremony less than eight months away, Brazil is dealing with severe recession, impeachment proceedings against President Dilma Rousseff and a massive corruption scandal involving state-run oil company Petrobras.

Majority of the facilities are now ready for South America’s first Olympics.

Rio organizers are trying to cut 2 billion reals ($530 million), or nearly 30 percent, from their operating budget of 7.4 billion reals ($1.9 billion).

A working group drawn from both the International Olympic Committee and Rio Games organisers will identify savings and report back in about six weeks.

International Olympic Committee president Thomas Bach added: “We have to drive this initiative to a decision in principal”.

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“We are now in a very operational phase where these kinds of political issues have much less influence than at other stages”, he said.

New Zealand's Holly Edmondston leads the pack during the Omnium at the Track Cycling World Cup in Cambridge