Paris mayor Anne Hidalgo (C) waves the Olympic flag next to International Olympic Committe (IOC) President Thomas Bach and President of the Paris 2024 Olympics and Paralympics Organising Committee (Cojo) Tony Estanguet (R) during the handing over of the flag. AFP PHOTO

The International Olympic Committee (IOC) is set to distribute $6.8 billion (6.46b euros) in revenues from the 2021-24 Olympic cycle, a 12% increase on the previous Olympiad, spokesman Mark Adams