Sochi raises target

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Sochi 2014 has set itself a target of doubling the record $1.2bn it has raised so far in sponsorship for the Winter Olympics and Paralympics with any surplus being invested in developing sports facilities across Russia, president and chief executive Dmitry Chernyshenko has revealed.

Speaking at the International Sports Event Management Conference in London in mid–October 2011, Chernyshenko revealed that the surplus revenue will be divided up with the National Olympic Committee (NOC) and the International Olympic Committee (IOC).

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