>As can be read in the Olympic Charter, the Olympic symbol represents the union of the five regions of the world and the meeting of athletes from throughout the world at the Olympic Games. However, no continent is represented by any specific ring. Prior to 1951, the official handbook stated that each colour corresponded to a particular continent: blue for Europe, yellow for Asia, black for Africa, green for Australia and Oceania and red for America (North and South considered as a single continent); this was removed because there was no evidence that Coubertin had intended it (the quote above was probably an afterthought).
If you stop to think about it for a moment, if that were the case, it would make the olympic logo seem quite racist.
