Olympic symbols rings are five interlocking rings, coloured blue, yellow, black, green, and red on a white field, known as the "Olympic rings". The symbol was originally designed in 1912 by de Coubertin. He appears to have intended the rings to represent the five continents: Europe, Asia, Africa, Oceania, and America. According to Coubertin, the colours of the rings together with the white of the background included the colours composing every competing nation's flag at the time. Upon its initial introduction, Coubertin stated the following in the August 1912 edition of "Olympique": In his article published in the "Olympic Revue" the official
Olympic Games the Olympic symbols. When Brundage retired the IOC had US$2 million in assets; eight years later the IOC coffers had swelled to US$45 million. This was primarily due to a shift in ideology toward expansion of the Games through corporate sponsorship and the sale of television rights. When Juan Antonio Samaranch was elected IOC president in 1980 his desire was to make the IOC financially independent. The 1984 Summer Olympics became a watershed moment in Olympic history. The Los Angeles-based organising committee, led by Peter Ueberroth, was able to generate a surplus of US$225 million, which was an unprecedented amount