Print All

         ACOG CEO Billy Payne is the subject of a cover story in this
    week's SPORTS ILLUSTRATED.  Donald Katz examines Payne's efforts
    to impress the IOC into awarding Atlanta the '96 Games and his
    efforts to get sponsors to put up money to stage the Games.  When
    asked how he would get major companies to contribute money just
    for domestic rights, Payne simply replied, "Well, sir, we're
    going to talk 'em into it."  In addition to the TOP sponsorship
    money, nearly $500M has been raised domestically.  In addition to
    financial contributions, Payne has companies contributing
    executives and in-kind services.  On his controversial large
    salary, Payne notes that most of it goes to retire the $1.5M loan
    he took out in '87 to begin his lobbying to land the Games.  He
    drew no salary for 3 1/2 years.  Payne, on the $669,112 salary:
    "40 percent goes to taxes, and a third of it goes to retire that
    million and a half in debt.  At the end of the Games I will still
    owe $572,000 ... and everybody still gives me a rough time" (SI,
    1/8 issue).

    Print | Tags: IOC, Olympics, Sports Illustrated

         North Korea's acceptance of the invitation to participate in
    the '96 Games has ensured a historic 100% participation turnout
    ATLANTA CONSTITUTION, 1/4)....GA Gov. Zell Miller has urged
    legislators to support spending nearly $22M in taxpayer money on
    security for the Games and outlined a plan to direct $1M a year
    toward Centennial Olympic Park maintenance (ATLANTA CONSTITUTION,
    1/4).... Battle Enterprises, Inc. has been named domestic
    licensing representative for the '96 Atlanta Paralympic Games
    (Battle Enterprises)....McDonald's and SI FOR KIDS is sponsoring
    the "Break Through To Be Your Best!" essay contest for kids to
    have a chance to win a trip to Atlanta.  The contest challenges
    students to write a 200-word essay about a person who has
    inspired them to be their best (McDonald's)....The IOC has
    reached agreements on the Australian, South African and South
    American broadcasting rights for the Nagano Games with Channel 7
    ($9.25M), SABC ($1.25M), and OTI ($985,000).  All of the fees
    have set the highest marks for each country (NAGANO OLYMPIC NEWS,
    12/95 issue)....As part of its '96 Games sponsorship,
    International Paper has delivered 20 tons of coated publication
    paper to the USOC to be used to produce "The Olympic Magazine,"
    the official publication of the USOC (Int'l Paper)....China
    announced yesterday it will not bid to host the 2004 Games
    (Mult., 1/5).

    Print | Tags: IOC, McDonalds, Olympics, Sports Illustrated, USOC
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug