Irish Olympics president to donate €180k on retirement

The president of the Olympic Council of Ireland, Pat Hickey, is to donate an honorary payment of €180,000 when he retires towards the development of young athletes.

Accounts for the OCI for 2010, 2011, and 2012, show the board approved an honorarium of €60,000 each year to be given to Mr Hickey in recognition of “sterling services to the Olympic movement in Ireland over the past 25 years”.

The Olympic charter does not allow for its honorary members to receive a salary. A spokesman for the OCI said that “this honorarium has not been drawn down by Mr Hickey and he has no intention of doing so”.