Sports agree to revenue formula for London Games




DUBAI, United Arab Emirates (AP) — Despite calls for change by swimming’s governing body, international sports bodies have agreed to maintain the revenue-sharing formula that will provide track and field with the biggest share of television money from the 2012 London Olympics.

The Association of Summer Olympic International Federations, which represents the 26 sports on the London program, rejected a call Tuesday by swimming body FINA to change the criteria for distributing the projected $375 million in TV revenues.

Under the formula, the International Association of Athletics Federations will receive $35.77 million as the No. 1 sport in the revenue ranking. That’s nearly twice as much as FINA and the other federations in the second rank of sports will receive.