SBD/Issue 82/Olympics

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  • Launch Pad: NYC2012 Report Says Hosting Games Equals $12B

    NYC2012 Launches Bid Campaign; Claims
    135,000 Jobs Would Be Created

    NYC2012 on Friday formally launched its bid campaign for the 2012 Olympic Games, and N.Y. Deputy Mayor Dan Doctoroff said that hosting the games "would create 135,000 jobs and pump $12[B] into the local economy," according to Frankie Edozien of the N.Y. POST, who noted NYC2012's plan detailed $1.8B "that would arrive instantly." Ticket sales are estimated to bring in $813M, local and national sponsors would add another $687M, and licensing/merchandising will bring in about $95M. The companion Paralympic games would bring in $69M and "miscellaneous transactions would bring in another" $170M. While NYC2012 estimates that it will spend $22.5M on its bid, Doctoroff said TV rights "will probably end up generating to the host city in excess of $1[B]" (N.Y. POST, 1/17). In New Jersey, John Brennan reported that Doctoroff indicated that a Brooklyn arena — which is part of Bruce Ratner's bid for the Nets — "would bounce Summer Olympics basketball out of Continental Arena if New York is chosen as host city." Doctoroff: "It's pretty logical to assume that if it were to happen, the arena there would be an important component of our [Olympic] plan." Doctoroff added "more emphatically than ever" that the Jets "will move to a new stadium on Manhattan's West Side." Doctoroff: "We plan to go ahead with that project whether we win the Olympics or not. By July 2005 [when the IOC chooses the host city], we expect that shovels already will have been in the ground." But New Jersey Sports & Exposition Authority President George Zoffinger said, "I hope that New York doesn't become too greedy in terms of what they get, because I think constantly changing venues might hurt our chances with the [IOC]" (Bergen RECORD, 1/17). Doctoroff added that an official announcement between the Jets and city and state officials "is imminent." In N.Y., Michael Saul noted that NYC2012's report included a letter from President Bush that "pledges the federal government's strong support for the city's bid" (N.Y. DAILY NEWS, 1/17).

    Print | Tags: IOC, Brooklyn Nets, New York Jets, NYC2012, Olympics, YankeeNets
  • Let The Games Begin: London, Paris Launch 2012 Olympic Bids

    British Prime Minister Tony Blair appeared at Friday's official launch of London's bid for the 2012 games at the Royal Opera House, according to Duncan Mackay of the London GUARDIAN, who called it "a masterstroke by London organisers to have Blair attend the official launch, especially as Jacques Chirac did not bother to show up for a similar event in Paris" (London GUARDIAN, 1/17). In London, Ashling O'Connor estimated construction costs for the Games "to be in the region" of US$5.4-7.1B. While the IOC warns that host cities "should not be left with expensive, unused constructions after the Games leave town," London 2012 Bid Chair Barbara Cassani said, "We are using temporary facilities where we do not believe there is a need for another facility but we will build permanent facilities where there is a need. There will be no white elephants" (LONDON TIMES, 1/17). Also in London, Simon Hart noted a "global network of paid 'advisers' has been set up, reporting to Detroit-based bid strategy chief Andrew Craig, to gather information about likely voting intentions and provide feedback about the perceived strengths and weaknesses of the London campaign." Former athlete John Boulter is one of the consultants. Boulter is a former exec for adidas and Reebok (London TELEGRAPH, 1/18)

    ESPRIT DE CORPS: The FINANCIAL TIMES' Hunt & Arnold reported Paris on Friday "launched its campaign with a star-studded ceremony on the first floor of the Eiffel Tower, at which heavy emphasis was placed on the 'team spirit' uniting all French political sides behind the bid." IOC President Jacques Rogge said of the nine bid cities: "There is the possibility that we will not eliminate any [in May]. The elimination of cities is not an artificial reduction, but a means of weeding out ones which are not ready to organize the games" (FINANCIAL TIMES, 1/17).

    Print | Tags: IOC, Olympics, Reebok, Washington Nationals
  • USOC Imposes Sanctions On USATF Over Jerome Young Case

    USOC Levies Sanctions On USATF
    For Jerome Young Case

    The USOC "has imposed financial and other sanctions" on USA Track & Field (USATF) because of the governing body's "refusal to turn over files relating to" Jerome Young, the U.S. sprinter who tested positive for steroids in '99 but was allowed to compete in the '00 Olympics, according to Alan Abrahamson of the L.A. TIMES. In a December 19 letter to USATF CEO Craig Masback and President Bill Roe, Acting USOC President Bill Martin "handed down a three-part series of sanctions, including the suspension" of a $3.2M payment from the USOC to go towards USATF's $15M annual budget. The USOC provided $2.8M to USATF in '03. Also, no "credentials will be issued to the Athens Games for 'USATF headquarters personnel and officers, including but not limited to (Masback and Roe).' And it cut off any 'access that may have already been granted' to USATF headquarters staff or USATF officers 'for the Athens Games.'" Martin further wrote that the USOC's policy-making committee, "based on the handling of this matter by both of you ... questions your appreciation and understanding of the damage your inaction continues to cause USATF, the USOC and the entire U.S. Olympic movement" (L.A. TIMES, 1/17).

    Print | Tags: Olympics, Track & Field, USA Track and Field, USOC
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