Olympic Business Partners Not Worried Over NHL Fehr: Olympic Dispute Could Cloud CBA Negotiations Bettman Doubles Down On NHL Not Going To Korea NHL Players Speak Out On Olympics LA 2024 Facebook Page Gets Surge In "Likes" NHL Will Not Participate In '18 PyeongChang Games LA 2024 Offers Marketing Experts For Bid Wasserman Argues L.A. Must Get '24 Games IIHF To Cover NHL Costs At '18 PyeongChang Games Penny Steps Down As USA Gymnastics President
Upcoming Conferences and Events
May 31 - Jun 1
HOUSE OF PAYNE: ACOG CEO PROFILED IN SPORTS ILLUSTRATED
Published January 5, 1996
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).