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Regarding $100 million investment in high performance sport system

TORONTO – Today, Canadian Olympic Committee President Marcel Aubut delivered the following statement:

This is indeed a very good morning for Canadian athletes, as we announce an unprecedented funding investment by the Canadian Olympic Committee.
I am very proud to announce a funding boost of close to $100 million dollars to assist:
•         High performance sport;
•         Games preparation;
•         Best-in-class national sport federation development; and
•         A specific envelope for the Toronto 2015 Pan American Games team.

The Canadian Olympic Committee Board and Session members unanimously supported the four-year strategic plan during its semi-annual meeting this past weekend in Montreal.

The funding will be part of the 2013-2016 high performance plan for athletes, coaches and National Sport Federations over the next four years.

This support includes direct funding by the Canadian Olympic Committee and the Canadian Olympic Foundation.

Athletes and coaches are at the centre of everything we do.

With this new funding, we are strengthening our sports system for today and tomorrow.

With the incredible support of our private sector marketing partners, we are set to redefine the trajectory of sport in this country.

Together we are just beginning to write the next chapter of the Canadian Olympic Team story.

The Canadian Olympic Committee is funded almost exclusively by the private sector, a testament to the value of sport in Canada.

Corporate Canada recognizes that value and has invested in Canada’s athletes with their partnership with the Canadian Olympic Committee.

This announcement would not be possible without the unbelievable support of Canada’s corporate community. More than ever before, the private sector is fully on board.

I also want to thank Prime Minister Harper and Sport Minister Gosal for the federal Government’s support by keeping federal funding intact. This, combined with the private sector’s unprecedented involvement announced today, guarantee a bright and golden future for Canadian Olympic Athletes.

We will be going across the country to announce specific details about this unprecedented funding.

Stay tuned for these exciting announcements.

Thank you.

– 30 –

Canadian Olympic Committee Media Office:
Jane Almeida, Manager, Media Relations
Tel: 416-324-4120 / Cell: 416-540-1788

Dimitri Soudas, Executive Director, Communications
Tel: 416-324-4136 / Cell: 289-388-6419

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