By Marcus Leach

McDonald's have confirmed that they will extend their sponsorship of the Olympics until 2020.

The eight year extension sees the fast-food giant remain as an International Olympic Committee (IOC) Top Partner.

The extension also sees McDonald's paying a reported $100m for each two-games deal of one winter and one summer Games.

The new deal covers the 2014 winter Games in Sochi, Russia, and 2016 summer Games in Rio de Janeiro, Brazil.

The 2018 winter Games will be held in Pyeongchang, South Korea, and the 2020 summer venue is yet to be decided.

"We are delighted that McDonald's, our long-time and valued Olympic Partner for more than 35 years, is continuing its ongoing commitment not only to help fund the Olympic Games, but also to support the Olympic Movement around the world and ultimately the athletes themselves," IOC President Jacques Rogge said in a statement.

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