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MOSCOW -- The Winter Olympics in Sochi posted a provisional surplus of $261 million, Russian organizers said Thursday. Jadeveon Clowney Jersey . The figure is $119 million higher than a previous profit figure reported in April, but is still dwarfed by the government subsidies given to the organizing committee, valued at $420 million in December. The Sochi organizing committee said its projected surplus is a record for any games. The 1984 Los Angeles Olympics produced a surplus of $232 million. The 2008 Beijing Games claimed a profit of over $146 million, while the 2012 London Olympics recorded an $8 million surplus. The surplus is only from the Sochi organizing committee, which had an operations budget of about $2 billion. It does not cover any construction or infrastructure costs. Russias overall spending for the games totalled $51 billion. Sochi organizing committee chief Dmitry Chernyshenko said in a statement that all the profit would be "oriented towards the development of sport in Russia," with plans to provide "a significant sum" to Paralympic sports from the profits, plus a lump sum of $17.5 million. The organizing committee promised final results by the end of the year, by which time it expects to wind up its operations and be dissolved. As well as government subsidies, the organizing committee also earned money from merchandizing, ticket sales and sponsorships, including from Russian state-owned companies. Johnathan Joseph Jersey . When a few shots broke through that defensive front, Jonathan Quick was there. The Kings won the Stanley Cup two years ago with that basic formula, and they can see it clicking again as they close in on another playoff run.Custom Houston Texans Jersey . -- Michael Phelps has competed in the second event of his comeback and failed to advance to the 50-meter freestyle final.ORLANDO, Fla. -- The Bobcats havent had a lot of positives things to smile about this month. One thing they have done well this season is shoot their free throws, and on Friday night it helped them secure a much-needed victory. Al Jefferson had 30 points and 16 rebounds, Kemba Walker added 19 points and 10 assists and the Charlotte Bobcats beat the Orlando Magic 111-101. The Magic dug out of an 18-point first-half hole and pulled to 78-76 early in the fourth quarter. However, the Bobcats shot 16 for 20 on free throws in the final period to help secure the win. "I like the way we played. We had good fight," Bobcats coach Steve Clifford said. "There were times there where we could have caved, but we showed good poise and good execution." Josh McRoberts and Gerald Henderson added 17 points apiece for Charlotte. Charlotte had lost nine of 11 entering the night and was coming off a last-second loss at Philadelphia on Wednesday. The Bobcats appeared to be cruising early against Orlando before having to fend off the Bobcats late charge. Jefferson said he is still working his way back from an ankle injury during Charlottes loss at home to Orlando last month. "Im getting a better feel and still trying to work around this ankle, but its something I can deal with for the remainder of the year, just play through it," he said. Walker said their offence is a lot more fluid when Jefferson is touching the ball. "We want to play through him," Walker said. "We get opportunities on fast breaks and things like that, but whenever we can get him the basketball we want to because he makes all the right plays. "Were trying our best to get better every day at playing off him." Orlando committed 16 turnovers in the loss, and extended its season-high losing streak to 10 games. Arron Afflalo scored 24 points in his return to the Magic lineup after missing three games with a strained right foot, and Tobias Harris and Jameer Nelson each added 18. The Magic are also now 0-12 this season without centre Nik Vucevic, who missed his sixth straight game Friday as he works his way back from a concussion. The Magic lookedd sluggish early coming off a three-hour, triple-overtime loss to Chicago on Wednesday that saw their starters play at least 43 minutes each. Andre Johnson Jersey. Orlando connected on just 1 of their first 10 field goal attempts to begin the game, allowing the Bobcats to jump out to a 21-3 lead. The Magic found some energy as they closed the half on a 50-31 spurt to take a one-point lead into halftime. Charlottes shooting kept them in the game, though, and they took a 78-74 lead into the fourth quarter. The Bobcats seemed to be in control late at 103-91, but Afflalo scored six straight points -- including a four-point play -- to get the Magic back to 103-97 with 2:55 to play. But Jefferson scored six straight points as Charlotte responded with an 8-4 run to close out the game. Harris acknowledged that the Magics ongoing shortcomings are beginning to show their wear on the team a little. Just like their one-day turnaround following the overtime loss to Chicago, they have just one day to correct their issues before hosting Boston on Sunday. "I think tonight we did show poor body language throughout the fourth quarter," Harris said. "And its tough because we werent making that many shots and they were making some tough shots. It is human nature. But going forward we have to cut that out and we have to be locked in on our team and what we can control." Jefferson said there is no real secret to what his team needs to do to gain some momentum as it heads into the second half of its schedule. "We talk about not using any excuses as a young team. We have enough talent in this room to be a playoff team," he said. "We have to find a way to get out there and win games. We have to continue to play 48 minutes and keep our mindset and our focus." NOTES: The Bobcats snapped a three-game road losing streak. ... Orlando is now 1-22 this season when its opponent scores 100 or more points. ... The Magic honoured Horace Grant between the first and second quarter as part of the teams season-long "Legends Nights" series to commemorate its 25th anniversary season. Grant played six plus years for Orlando from 1994 to 1999 and 2001 to 2003. ' ' ' |
