Editorials Call For Complete Russian Oly Ban Tennis Players Drop From Games Citing Zika Olympic Apps Provide Unique Coverage Russia Expects Rio Decision By Sunday Nissan Creates Rio Games Face-Painting App Brazil Revising Olympics Security Measures Top Tennis Players Still Committed To Rio Wintrust Goes With Chicago-Area Olympic Campaign Bach Says IOC Will Evaluate Golf In Olympics Rio Games Unlikely To Spread Zika Virus Worldwide
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).