The IOC session in Ancient Olympia is set to elect a new president on Thursday. Outgoing President Thomas Bach outlines the significance of the event. Seven candidates are competing for the role, with no distinct frontrunner identified. Over 100 IOC members will participate in the voting process, which permits a maximum of 12 years in office for the elected president.
The International Olympic Committee (IOC) commenced its session in Ancient Olympia, Greece, which will conclude with the election of a new president on Thursday. Outgoing President Thomas Bach, during his address at the Olympic Academy, briefly mentioned the key vote involving seven candidates vying for one of the most significant positions in international sports.
The IOC is recognized as the most lucrative multi-sport organization, with approximately $7 billion in revenues every four-year cycle. Bach remarked, “This is exactly what this session is about. A sacred pilgrimage to our ancient past,” emphasizing the event’s importance alongside dignitaries, including Greece’s President Konstatinos Tasoulas.
Candidates for the presidency include David Lappartient, Juan Antonio Samaranch Jr., Sebastian Coe, Kirsty Coventry, Prince Feisal Al Hussein, Morinari Watanabe, and Johan Eliasch. While there is no clear frontrunner, Coe, Samaranch, and Coventry are perceived as having an advantage over their opponents.
Over 100 IOC members, comprising federation chiefs, Olympic committee presidents, and other elites will vote on Thursday. The elected president will serve an eight-year term and may be re-elected for an additional four years, totaling a maximum of 12 years in office.
The IOC’s session in Ancient Olympia marks a significant transition as it prepares for a new president. Outgoing President Thomas Bach highlighted the importance of this session and the organization’s historical roots. As seven candidates vie for the presidency, the event reflects the continued evolution and influence of the IOC in global sports.
Original Source: www.usnews.com
