Australian Olympic Committee president John Coates has been calling for more taxpayer funding of elite sports at the same time as his organisation sits on a $100 million cash pile, financial accounts show.

In addition to being president of the AOC, Mr Coates is chairman of the related Australian Olympic Foundation, an investment fund helmed by a group of business leaders.

Australian Olympic Committee boss John Coates calls for more government spending on sport despite his organisation's cash hoard. Credit:Getty Images

Mr Coates raised the alarm over sports funding in November when he warned Australia's London Olympics medal tally would be reduced because state sports institutes were not getting enough money.

He had previously dismissed as "insulting" a 2009 government report calling for money to be diverted to grass-roots sports.