LA 2024 Betting On Historic Sponsorship Sales Lananna Named New USA Track & Field President Golf Expected To Stay In Olympics Through '24 Sources: NHL Makes Olympic Offer To Players NHL Reluctant About IIHF Funding Oly Participation LA 2024 Talks In Wake Of Trump Election LA 2024 To Address Trump's Election In Pitch ESPN Financials Lower In Disney's Q4 Trump Victory Raises Questions For LA 2024 Bid Canadian Olympic Committee To Invest $37M
SYDNEY OLYMPIC GAMES APPEAR SAFE DESPITE UNCERTAIN FINANCING
Published May 30, 1995
Australian Olympic Committee President John Coates said it is unlikely the IOC would take the 2000 Games away from Sydney despite "uncertainty over financing." On Sunday, IOC President Juan Antonio Samaranch told the Sydney Sun-Herald he was concerned the New South Wales state government "was not fully behind the Games." Coates in an interview with ABC radio: "They can (take the games away), but it is not likely. There are contractual obligations which have to be met" (AP/SAN FRANCISCO EXAMINER, 5/29). In Boston, John Powers reports that construction is behind schedule and that taxpayers may have to pay $600M (Aus) to "bail out an event that is supposed to break even" (BOSTON GLOBE, 5/28). WHO'S AHEAD FOR 2002? In Toronto, George Gross reports that the loss of the Nordiques "hasn't reduced the enthusiasm" of Quebec City officials. In fact, they are so confident that they will win the 2002 Winter bid that they have arranged international coverage of the IOC's June 16 decision (TORONTO SUN, 5/30). But John Powers reports that the "Olympic world" takeit for granted that Salt Lake is a "lock" for 2002. But he notes, "The Lords of the Rings tend to be quirky around voting time" (BOSTON GLOBE, 5/28). BEIJING LEADING IN CAPETOWN RACES: Cape Town, South Africa, hopes to capitalize on its hosting of the 1995 Rugby World Cup to put its campaign for the 2004 Summer Games "back on track," according to the FINANCIAL TIMES. The departure of Raymond Ackerman as the head of Cape Town's bid committee has caused the city's "dream to begin to unravel" (Keith Wheatley, FINANCIAL TIMES, 5/28).