International OlympicCommitteePATROCINIO SIMÓN RUIZ-PEINADO4º EUROPEAN SECTIONSPHYSICAL EDUCATION
International Olympic CommitteeThe International Olympic Committee (IOC) (French:Committee international olympique, CIO) is an internationalnon-governmental organization based in Lausanne,Switzerland, created by Pierre, Baron de Coubertin, on 23June 1894 with Demetrios Vikelas as its first president.Today its membership consists of 105 active members and32 honorary members.The IOC organizes the modern Olympic Games and YouthOlympic Games, held in Summer and Winter, every fouryears. The first Summer Olympics organized by theInternational Olympic Committee were held in Athens,Greece, in 1896; the first Winter Olympics were inChamonix, France, in 1924. Until 1992,
The committeewas housed atthe Monrepospalace inLudwigsburg,Germany untilthe building oftheheadquarters inLausanne in1968
The IOC session is the general meeting of themembers of the IOC, held once a year in whicheach member has one vote. It is the IOC’s supremeorgan and its decisions are final.Extraordinary Sessions may be convened by thePresident or upon the written request of at leastone third of the members.Among others, the powers of the Session are:To adopt or amend the Olympic Charter.To elect the members of the IOC, the HonoraryPresident and the honorary members.To elect the President, the Vice-Presidents and allother members of the IOC Executive Board.To elect the host city of the Olympic Games.
In the early 1980s, the Olympics were on theverge of bankruptcy when the IOC drafted a teamto help market the event and the organizationIn1998, one of the members of that team, MichaelPayne, became the first marketing director of theIOC.[ During his 20 years with the IOC,Paynecreated a multi-billion dollar marketing programfor the organization which turned the Gamesaround financially.
International Olympic Sports Federations (IFs)The IOC is now the largest single revenue source for themajority of IFs, with its contributions of Olympic broadcastrevenue that assist the IFs in the development of theirrespective sports worldwide. The IOC provides financialsupport from Olympic broadcast revenue to the 28 IFs ofOlympic summer sports and the seven IFs of Olympic wintersports after the completion of the Olympic Games and theOlympic Winter Games, respectively.The continually increasing value of Olympic broadcastpartnership has enabled the IOC to deliver substantiallyincreased financial support to the IFs with each successiveGames.