OC "Sochi-2014" states 5 billion roubles of operating profit

As reported by Dmitry Chernyshenko, the Chair of the Organizing Committee (OC) "Sochi-2014", the Winter Olympic Games of 2014 brought about 5 billion roubles of operating profit.

"The profit will go to development of mass sports in the country. I want to remind you that the Games were financed by more than 80 percent from extra-budgetary sources," said Chernyshenko.

The "Caucasian Knot" has reported that on January 16 the Russian Vice-Premier Dmitry Kozak said that the cost of the Olympics made 214 billion roubles, while 99 billion roubles came from the state budget. On February 8, 2013, the newspaper "Vedomosti" reported that initially the Games preparation cost was 320 billion roubles, but later it went up to 1.5 trillion roubles, of which 1.2-1.3 trillion was the federal budget money.

The OC head also said that there was no boycott of the Olympics, despite the forecasts of some member-countries; and it is also an indicator of the success of the Games. According to Chernyshenko, in total, 1.1 billion tickets were sold for the Olympic competitions; and 430,000 tickets – to the Paralympics; and not a single case of ticket counterfeiting was registered, the ITAR-TASS reports.