The modern olymbic:

The Olympic Games are an international multi-sport event established for both summer and winter sports. There have been two generations of the Olympic Games; the first were the Ancient Olympic Games (Greek: Ολυμπιακοί Αγώνες; [Olympiakoi Agones] (help•info)) held at Olympia, Greece. The second, known as the Modern Olympic Games, were first revived in 1895 by the Greek philanthropist Evangelis Zappas, in Athens, Greece.
The International Olympic Committee (IOC) was founded in 1894 on the initiative of a French nobleman, Pierre Frédy, Baron de Coubertin, and has become the governing body of the Olympic Movement, a conglomeration of sporting federations responsible for the organization of the Games. The evolution of the Olympic Movement during the 20th century forced the IOC to adapt its own vision of the Games in several ways. The original ideal of a pure amateur athlete had to change under the pressure of corporate sponsorships and political regimes.
The modern Olympics feature the traditional Summer and the Winter Games, along with the more recent Paralympic and Youth Olympic Games, each with a summer and winter version. Participation in the Games has increased to the point that nearly every nation on Earth is represented. This growth has created numerous challenges, including political boycotts, the use of performance enhancing drugs, bribery of officials, and terrorism. The Games encompass many rituals and symbols established during its beginning, in the late 19th and early 20th centuries. Most of these traditions are displayed in the opening and closing ceremonies, and the medal presentations. Despite the current complexity of the Games, the focus remains on the Olympic motto, Citius, Altius, Fortius — "Faster, Higher, Stronger".