Menu
Olympics

TOUGH FINANCIAL SLEDDING FOR '95 OLYMPIC FESTIVAL

     With only eight days until opening events, the '95 Olympic
Festival in Denver is facing a rough financial situation where
"bills are barely getting paid and corporate sponsors (are) slow
to pay their pledges," according to the DENVER POST.  Ticket
sales are currently at $1.3M, down significantly from earlier
projections of $2.4M.  Although sales are expected to increase,
the goal still may not be reached.  Organizers had hoped for a
$50M boost to the local economy.  Tim Leiweke, Festival Co-Chair,
is credited with the recent improvement in ticket sales and
corporate contributions.  Some potential large local sponsors,
like Coors and Pepsi-Cola, have been unable to contribute to the
festival because of USOC rules prohibiting the Festival from
being sponsored by a competitor of an official '96 Olympic
sponsor.  Leiweke:  "It would have been nice if we could have
done our own deals, but we just have to live with this" (Chance
Conner, DENVER POST, 7/13)

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1995/07/14/Olympics/TOUGH-FINANCIAL-SLEDDING-FOR-95-OLYMPIC-FESTIVAL.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1995/07/14/Olympics/TOUGH-FINANCIAL-SLEDDING-FOR-95-OLYMPIC-FESTIVAL.aspx

CLOSE