New Zealand

NZOC talking to Govt about funding

10:13 am on 11 May 2014

The New Zealand Olympic Committee is talking with the Government about getting help with its funding shortfall.

New Zealand Olympic Committee president Mike Stanley. Photo: AFP (file)

A surplus of $330,000 was revealed in the committee's annual report released on Wednesday, which was was a lot less than it was budgeting for.

It says there needs to be a revenue increase of 34% to properly lead and organise teams for the 2016 Games in Rio de Janeiro.

NZOC president Mike Stanley told the Sunday Morning programme another $1.7 million is realistically needed to resource an Olympic contingent of about 200.

He said the committee is in talks with the Government about whether its budget can be topped up - and it also has work to do with the commercial sector.

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