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International Olympic Committee

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The International Olympic Committee is an organization created by Pierre de Coubertin in 1894 to reinstate the Ancient Olympic Games held in Greece, and organise this sports event every four years. The IOC receives its operating funds through advertising and merchandising Olympic memorabilia, as well as through sale of rights to the media who report on the occurrences at the Olympic games.


The IOC is a parent organisation intended to localise administration and authority for the Games, as well as to provide a single legal entity which owns copyrights, trademarks, and other intangible properties associated with the Olympic games. For example, the
Olympic logo, the design of the Olympic flag, the motto, creed, and anthem are all owned and administered by the IOC. There are other organizations which the IOC coordinates as well, which are collectively called the Olympic Movement.


Countries which wish to host the Summer Olympic Games or the Winter Olympic Games must bid for the organisation with the IOC, which has the ultimate authority of deciding where the Games will take place. The IOC members, representing most of the member countries, vote to decide where the Games will take place.



The information in this glossary is based on Wikipedia’s material on the Olympic Games, and has been additionally edited by Babylon. A list of Wikipedia authors on the Olympic Games can be found here. This glossary is licensed under the GNU Free Documentation License.

 

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