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Single 2010 Olympic News

Vanoc added at least $29 million in sponsorship revenue

Vanoc added at least $29 million in sponsorship revenue to its coffers in March, led by BC Hydro, which signed on as an official supporter of the 2010 Games with a pledge of $20 million worth of services to supply backup power.

Vanoc also signed up Purolator Courier Ltd., Vancouver International Airport and Millennium Development Corp. at the level of official suppliers.

Official suppliers are required to contribute a minimum $3 million to a maximum $15 million, while official supporters contribute $15 million to $50 million.

Not all sponsors have declared the value of their contributions.

Vanoc has now secured $710 million of the $760 million it initially set out to raise from domestic corporate sponsorship.

From http://www.canada.com

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