Canadian Olympic Committee announces $100 million in corporate support

Associated Press

The Canadian Olympic Committee says it will be doubling the financial support for Olympic sports over the next four years with an injection of $100 million.

President Marcel Aubut says details will be announced later.

But he says it will go to support summer and winter events as well as to prepare for the 2015 Pan American Games in Toronto.

He says the COC spent somewhere just over $50 million over the last four years.

Aubut says almost all of the money comes from corporate donors.

He says some of the corporate funding agreements have already been announced and there are more to come.

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