Olympic Charter Games are competitions between athletes in individual or team events and not between countries. Article 8: The Olympic symbol consists of five interlocking rings which, from left to right are blue, yellow, black, green and red. This chapter outlines the membership, meetings, and guiding doctrines of the International Olympic Committee (IOC). Chapter 3 discusses the role of International Federations (IFs) in the Olympic movement. IFs are international non-governmental organisations that administer to sports at the world level and encompass organisations administering such sports at the national level. For each sport that is part of the Olympic Games, an International Federation
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