Rio 2016 Organisers Appeal To Government To Pay Outstanding Debt

Brazil’s Olympic organisers have asked federal and municipal governments to help them to return back a deficit of 117 million reais ($37.8 million) incurred in the hosting of the Paralympics, said the spokesman for the game on Tuesday.

The Olympic spokesman Mario Andrada said that the request, which comes in spite of repeated promises the game will not require public money, was essential because the two governments did not provide the funding that they had promised to host the Paralympics past September.

On Tuesday, the spokesman Andrada said to media Reuters, “We Talked to them and told them the situation and they have said they will help. The deficit in December was 132 million reais and we have reduced it to 117 million so far this year. We negotiated with suppliers and we are talking to the government.”

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The government of Rio city said that it was examining the contracts however the sports ministry powerfully denied Andrada’s claims and said that “complied fully with all its commitments.”

Mario

The state ministry said, “The federal government does not consider that it has anything pending with Rio 2016 Committee.”

The spokesman said the municipal administration promised 150 million reais and paid only 30 million, whereas the federal government promised 100 million reais and paid lead than 60 million.

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The Paralympics was held for two weeks after the flagship event but lacked sponsors and organisers and struggled to sell the TV rights. That shortfall meant some countries sent reduced teams to Rio de Janeiro.

The Rio Olympics, the first ever held in South America, were considered a sporting success, but like the World Cup held in Brazil two years previously, they have been widely criticised for poor planning and the lack of legacy.

Mario

 

Several of the main sites, including the aquatics centre, are now lying deserted. Landmark projects such as a new metro line stopped miles short of the main Olympic Park, and much of the building for the games has come under investigation in a sweeping corruption search.

A spokesman said that the Games were an overall success and claimed that every country since Sydney had ended their Olympic year in the red.

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“The game cost 2.8 billion dollars. That deficit of 132 million reais is around 1 percent. As a percentage it is small.”

There is no security whether the government will be able to colt up the Money Andrade claims is owed. Brazil is presently in a financial attached as it trips through its worst recession in almost a century.

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