Richard Carrion of Puerto Rico brings his experience as a banker to the field of candidates for IOC president. While he has helped negotiate record-setting TV rights for the IOC, he is cautious for the financial future of the Olympics.
"We are living in an age where economies are dictated more and more by austerity, by people who are on the streets demanding accountability," Carrion tells ATR.
"To think we are immune for all that because we’ve just had three Games that have been wildly successful because we’ve had good television contracts, because we’ve had good financial returns. To think we are immune from all that I think is irresponsible," he says.
Carrion has played a key role in the financial success of the IOC, negotiating billions in TV rights deals and the new revenue sharing agreement with the U.S. Olympic Committee. He is chair of the IOC Finance Commission.
Elected to the IOC in 1990, has served two terms as an Executive Board member.
In his 16-page manifesto, Carrion advocates for more efficiency in IOC administration and operation of the Games. He says unchecked complexity and cost means fewer cities will bid for the Games.
He’s not sure whether the ban on member visits to bid cities should be maintained but believes the IOC retirement age should rise to 75 from 70. Carrion is 60.
Click here to download the Richard Carrion Manifesto