Canadian Olympic Committee injecting $37M into OTP over next four years | iNFOnews | Thompson-Okanagan's News Source

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Canadian Olympic Committee injecting $37M into OTP over next four years

Marcel Aubut (left), President of the Canadian Olympic Committee, flips Dillon Williams, a member of the junior team impact wrestling squad, as they perform for the cameras before an announcement by the Canadian Olympic Committee (COC) in Toronto on Thursday December 12, 2013. The COC announced it's plan to inject $37 miilion over the next four years directly into high performance sport through the Canadian technical agency Own The Podium. THE CANADIAN PRESS/Chris Young.
December 12, 2013 - 8:32 AM

TORONTO - The Canadian Olympic Committee has made a record cash injection into high performance sport.

COC president Marcel Aubut pledged $37 million Thursday to Own the Podium (OTP) over the next four years.

The contribution between 2013-'16 is a 48 per cent increase from the previous four years, a quadrennial that included the 2010 Vancouver Olympic Games.

The additional funding "allows us to continue to provide critical technical and financial support to athletes and national sport organizations that are poised for podium success," said Anne Merklinger, CEO of Own the Podium.

The funding will go toward summer and winter sport.

Canada won a Winter Games record 14 gold medals in Vancouver, and a total of 18 medals at the 2012 Summer Olympics in London.

The COC's goal for Sochi is to improve on the medal count from 2010, and finish at the top of the table for overall medals.

OTP determines and prioritizes funding for national sport organizations with the aim of delivering more Olympic and Paralympic medals for Canada.

News from © The Canadian Press, 2013
The Canadian Press

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