Menu
Olympics

USOC LOOKS TO FILL COFFERS WITH FEDERAL TAX CHECKOFF

          The USOC's renewed effort to get approval for a federal
     tax checkoff is examined by Mike Spence in the Colorado
     Springs GAZETTE TELEGRAPH.   The effort is "the first of
     many the USOC is expected to make" to Congress.  USOC Exec
     Dir Dick Schultz: "We need to be very proactive in
     Washington D.C."  The USOC is taking on a larger role in
     sports programs for the disabled, taking money -- "perhaps
     lots of it," to properly operate programs.  Schultz "hopes"
     the federal government can help.  Schultz: "I think the
     disabled sports program is an important issue."   USOC
     officials have lobbied for a tax checkoff before -- "in
     vain."  In the early '90s, former Rep. Dan Rostenkowski,
     then Chair of the House Ways and Means Committee, "killed
     it."  If the tax-checkoff is successful, it could provide a
     significant source of money, perhaps $25M, to the USOC --
     the only national Olympic committee that doesn't receive
     some sort of government subsidy.   The last time the USOC
     received any government funding was after the government-
     ordered boycott of the '80 Moscow games.  The USOC's budget
     for '97-2000 is $393M, $30M less than its budget for '93-96. 
     Schultz: "Once we get through this quadrennium, I think the
     USOC is going to find itself in very good shape financially"
     (Colorado Springs GAZETTE TELEGRAPH, 12/8).
          HELLO, SYDNEY: A lack of investor interest in the 
     funding of Sydney's Olympic Stadium for the 2000 Games has
     led to the offer being "extended while underwriters look at
     the possibility of selling the units overseas."  
     Applications for the $291M issue would be accepted up until
     this Friday. The offer includes guaranteed seats to each
     session of the Games and securities in the company which
     will own and manage the stadium (FINANCIAL TIMES, 12/7).
          BUST A MOVE: Colorado Springs, CO, could soon become
     "the volleyball capital of the United States."  USA
     Volleyball leaders are "pondering" a possible relocation of
     the U.S. men's and women's national teams from San Diego to
     Colorado Springs (Colorado Springs GAZETTE TELEGRAPH, 12/7).
          TAKE ME TO THE RIVER: NBBJ, the design company
     overseeing new facilities for the Bengals and the Univ. of
     Cincinnati, has been chosen to study whether Cincinnati "has
     what it takes" to host the Summer Olympics in 2008.  The
     study, which will examine every venue that exists or is
     planned within a 100-mile radius, is due next spring
     (CINCINNATI BUSINESS COURIER, 12/9).
          NAGANO TICKET SALES:  Nagano will have "roughly" as
     many tickets for sale for the '98 Games as Lillehammer did
     in '94, but only 15% will be offered to the foreign public. 
     Of the 1.28 million tickets, more than 700,000 will be sold
     to Japanese people, and 370,000 will be reserved for
     sponsors and the "Olympic family" (BOSTON GLOBE, 12/10).


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/1996/12/11/Olympics/USOC-LOOKS-TO-FILL-COFFERS-WITH-FEDERAL-TAX-CHECKOFF.aspx

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

https://www.sportsbusinessjournal.com/Daily/Issues/1996/12/11/Olympics/USOC-LOOKS-TO-FILL-COFFERS-WITH-FEDERAL-TAX-CHECKOFF.aspx

CLOSE