National Olympic bodies to get more than $500 million

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The International Olympic Committee (IOC) will distribute more than $500 million to national bodies over the next few years, it announced on Thursday.

The IOC said the amount was an increase from the $439 million dispersed over the 2013-16 period.

The funds, officially known as the Olympic Solidarity 2017-2020 Quadrennial Plan, represent a share of the broadcast revenue from the 2016 Rio Summer Games and 2018 PyeongChang Winter Games.

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