Oz Olympic Committee rules out 'hypocritical act' of sharing IOC profit from betting agencies

   May 6, 2:29 pm

London, May 6 (ANI): The Australian Olympic Committee has said that they will not seek to profit from gambling on the London Olympics, saying it would be hypocritical to do so.

The moral decision taken by the AOC now puts them on different levels from other sporting bodies such as the AFL, the NRL and cricket, which make small fortunes from the millions of dollars through sponsorships on their sports.

"We talked about whether we should, in principle, do it or not do it, and we said at this point in time that we wouldn't do it," The Age quoted AOC Chairman, John Coates, as saying.

"If I'd wanted to ram it through [before the London Olympics] and they'd all supported it I could be out there tomorrow trying to get some legislation and trying to do it. But I didn't pursue it and no one wanted me to pursue it. We're only relevant for a short period, the other sports are every weekend," he added.

However, Coates outlined that the AOC did not look down upon on the sports that profited from gambling.

"We absolutely respect their autonomy and right to make these decisions. It's just that we'll do what's right for the Olympic movement without making any aspersions on the others," he claimed.

The AOC was told initially that about 800,000 dollars was bet on the 2008 Beijing Olympics with Australian betting agencies.

However, a board member clarified that the figure for the London 2012 Olympics was estimated to be around 5 million dollars. (ANI)

Younis' ton helps Pak gain stability after faltering start in first Test against Oz Oct 22, 7:05 pm
Dubai, Oct 22 (ANI): Veteran Pakistan batsman Younis Khan's ton helped his side gain some stability after a faltering start on the opening day of the first Test against Australia.
Full Story
Duminy says NZ's fielding 'world benchmark' despite Proteas winning in first ODI Oct 22, 3:58 pm
Wellington, Oct 22 (ANI): South African batsman J.P. Duminy has said that New Zealand fielding remains the benchmark in world cricket despite his side beating the hosts in the first ODI at Mt. Maunganui.
Full Story
PCB planning Women's Cricket Cup to honour Nobel laureate Malala Yousafzai Oct 22, 3:58 pm
Karachi, Oct 22 (ANI): The Pakistan Cricket Board (PCB) revealed on Tuesday that it aims to conduct a Women's Cricket Cup in the name of Pakistani Nobel Peace Prize winner Malala Yousafzai to pay tribute to her for the achievement.
Full Story
Katie Price's hubby sleeps in 'wardrobe' post cheating scandal Oct 22, 3:33 pm
London, Oct 22 (ANI): Katie Price's husband Kieran Hayler reportedly sleeps in the "wardrobe," however the English businesswoman claims that her marriage is not "on the rocks" and the rumors are nonsense.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY