- The games
- Organising Committee
- Rio de Janeiro
- Take part
As explained in detail in answer 6, the budget of private revenues belongs to the Organizing Committee, a not for profit organization, which, as such does, not seek profit, but just to raise the amount required to plan and operate the Games.
In accordance with Rio 2016 Statutes, any possible positive balance achieved by the Organizing Committee will be distributed as follows: (i) 20% to the Brazilian Olympic Committee, (ii) 20% to the International Olympic Committee and (iii) 60% to be invested in the provision of general benefits to sport in this host country, as determined by the Host City Contract.
The Organizing Committee for the Olympic and Paralympic Games Rio 2016 is a private not for profit sport association formed by the Brazilian Olympic Confederations, the Brazilian Olympic Committee and Brazilian Paralympic Committee. It was assigned the mission of promoting, organizing and delivering the Olympic and Paralympic Games Rio 2016, following the guidelines of the Host City Contract, the International Olympic Committee, the International Olympic Committee and of the World Anti-Doping Agency and complying with provisions of the Brazilian law, the Olympic Charter and the IPC Manual.