London Games Drive USOC's Annual Revenue To Record $337.4M
Increased broadcast rights fees for the London Games drove the USOC's total revenue to a record $337.4M last year, according to tax filings the organization released today. The total marks a 20% increase from the $280.6M in revenue the USOC collected in '08, the last time a Summer Games was held. The USOC's broadcast rights revenue jumped from $123.4M in '08 to $164.6M in '12, while sponsorship revenue brought in $98.6M, up from $94.3M in '08. Total expenses hit $247.1M in '12, up 7% from $231.1M in '08.
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For the first time since '09, the organization's tax filing does not include any payments to former execs. The organization's '09 filing saw it pay former execs $1.49M, and its '10 filing showed payments to three CEOs, current CEO Scott Blackmun and two former CEOs, Jim Scherr and Stephanie Streeter.