IOC Reserve Fund Grows To $455 Million

The International Olympic Committee's reserve fund is still growing despite the global financial crisis.

IOC president Jacques Rogge said Wednesday that the committee's reserve fund grew to $455 million at the end of August. At the end of 2001, the fund was worth $105 million. It grew to $422 million by the end of 2008.

On other issues, Rogge said the IOC will continue to demand that broadcasters deliver the games on free TV. Speaking to a meeting of the IOC, he also said the committee will work closely with Interpol against irregular betting and match-fixing.