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Australian Olympic Committee Releases Annual Report, Details A$40,000 Raise For Coates

Australian Olympic Committee President John Coates received a A$40,000 pay raise last year, part of A$300,000 in "extra remuneration for senior AOC figures," according to the AAP. The figures contained in the 2016 AOC annual report, made public on Wednesday, will be "ammunition" for Danni Roche, who will challenge Coates for the presidency at the AOC's AGM on May 6. While Coates' pay raise is "far from unprecedented in an Olympic year" -- the AOC's '12 report showed it rose by more than A$100,000 -- Roche's challenge makes it a "sensitive issue." Coates' AOC wage went up from A$675,000 in '15 to A$715,000. One of the "key points" on Roche's election platform is that she proposes "slashing the president's salary package" to A$100,000 per year. Roche would also "waive that salary if she became president" (AAP, 4/13). In Sydney, Chip Le Grand reported Coates claimed his organization's total revenue is "substantially higher than its reported figures," in an ­"attempt to defend the amount of money it spends on itself." The AOC has been "stung by the revelation" that it spent A$0.52 of every dollar earned between the London and Rio Olympics "on its own administrative expenses." Coates accused The Australian of "ignoring in its financial analysis deferred income from sponsorships that will flow to the AOC in future years." Coates wrote, "Mr Le Grand's calculation ­ignores income from sponsorships secured during the 2013-2016 quadrennium in relation to future quadrenniums, which is deferred (and discounted) to be recognised in the quadrennium to which it relates." According to Coates' statement, this "lifts the AOC's revenue for the past four years" from A$89M to A$115M (THE AUSTRALIAN, 4/13).

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