SBD/Issue 33/Sports Industrialists

Names In The News

In a FINANCIAL TIMES Op-Ed, IOC President JACQUES ROGGE writes since '95, when the IOC established its Sport & Environment Commission including representation from the United Nations, it has become "increasingly aware that the responsibility lies with the Olympic movement to provide concrete practical solutions for candidate and host cities." The organization of each Olympics "now includes nearly 150 criteria for measuring their consequences to host cities -- from environmental to social and economic aspects." Air quality poses "considerable challenges" for the '08 Beijing Games, but city authorities "are well aware" of it (FINANCIAL TIMES, 10/26).

Romo Protecting Himself
With $30M Insurance Policy
SAFE COWBOY: NFL Network’s Adam Schefter reported Cowboys QB TONY ROMO “very quietly” took out a $30M insurance policy before the season “in the event of an injury.” Schefter: “It’s given him some peace of mind. I think it’s allowed him to play with some reckless abandon, and one way or another, Tony Romo is going to be a very rich man” (“NFL Total Access,” NFL Network, 10/24). On NFL.com, Schefter wrote Romo "doesn't have to suffer a career-ending injury to get paid," as he would be eligible for the payment if an injury "contributed to a downturn in his performance that affected his value on the open market." The premium cost Romo "somewhere in the vicinity of $150,000 this season" (NFL.com, 10/25).

NAMES: Chargers Owner DEAN SPANOS' California-based A.G Spanos is building 300 luxury apartments near the Univ. of Albany-Harriman campus. A.G Spanos VP NICK FAKLIS said the apartments, which are expected to open in '09, are the company's "first foray into the northeastern part of the country" (Albany TIMES-UNION, 10/26)....The NCAA Thursday stripped the Univ. of Arkansas men's track team of their '04 and '05 men's outdoor national championships and placed them on three years probation for recruiting violations involving former assistant coach LANCE BRAUMAN and U.S. sprinter TYSON GAY. The NCAA found Brauman and his wife provided Gay with improper transportation, housing and academic assistance from July-September '03 (USA TODAY, 10/26)....Former ESPN Radio 1250 Pittsburgh’s JOHN DUFFY Thursday pleaded guilty to possessing child pornography and faces 51-63 months in jail. Duffy has also worked in the press box at Univ. of Pittsburgh football games and at Petersen Events Center for women's basketball games (PITTSBURGH POST-GAZETTE, 10/26).

IN MEMORY: Horse owner and breeder CYNTHIA PHIPPS died Wednesday due to injuries suffered during a fire in her Manhattan apartment at the age of 62. Phipps is the daughter of late Bessemer Securities Chair and breeder OGDEN PHIPPS(THOROUGHBRED TIMES, 10/25).

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