Jaguar Tunes Up Tennis Portfolio Executive Transactions Wasps Seek To Raise $53M With Bond Retails Score Big Ahead Of 'Megafight' More Than 2M Watch Europa League Barcelona, Fitness Time Ink Deal Hamilton Stays Atop Sport Rich List ICC Launches Urgent Investigation Names In The News UCI Confirms Astana To Keep License
SBD Global/July 4, 2014/OlympicsPrint All
India’s "hopes to bid for hosting the 2019 Asian Games received a setback on Wednesday" when the Olympic Council of Asia refused to grant more than a "couple of days" of extension on its deadline for the submission of the bid to the Indian Olympic Association, according to the DECCAN HERALD. The IOA had requested a 15-day extension to hand over its "detailed bid." The OCA "reasoned extreme shortage of time for its decision." The "deadline for the submission of the bid was July 1." To get clearances from the various government agencies "is also a long-drawn affair." Indonesia is reported to be the favorite to host the Games after Hanoi, Vietnam "pulled out of its commitment because of financial constraints last April." The last Asian Games "was held in the Chinese city of Guangzhou" (DECCAN HERALD, 7/2).
The 2018 PyeongChang Winter Olympic organizing committee "is already busy studying hard to make the world’s biggest winter sporting event a success," according to Kwon Sang-soo of the KOREA JOONGANG DAILY. The 2014 Sochi Winter Olympics debriefing, held at the Alpensia Resort in PyeongChang, Gangwon, ended Wednesday "after a week of discussions." The event was organized by the IOC "and was attended by more than 600 people involved in the Winter Games, including the IOC staff, members of the Rio de Janeiro and Tokyo Olympics organizing committees and the staff from the candidate cities for the 2022 Winter Games: Beijing, Oslo and Almaty, Kazakhstan." IOC President Thomas Bach, Int'l Paralympic Committee President Philip Craven and IOC member Gunilla Lindberg "participated in the conference and toured venues being built" for the Games, such as the ski-jumping hill. The Sports Ministry "has told the Gangwon government not to choose a builder yet, saying the construction costs that have been quoted are exaggerated, and they are also concerned about the high cost of maintaining the facilities after the Games." Bach said that the IOC will give $850M to PyeongChang, which is $100M more "than was allocated for Sochi." The "total projected cost" for the PyeongChang Games is $9B (KOREA JOONGANG DAILY, 7/3).