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SBD/Issue 234/OlympicsPrint All
Key components in the plans for the '10 Vancouver Olympics are "slowly coming undone because of a worldwide recession seen as the worst economic slump since the Second World War," according to Stephanie Levitz of the CP. At a time when the focus "should be on the final few details, a multi-million dollar budget shortfall is fraying the close ties that bind" VANOC and IOC officials. The IOC Coordination Commission "makes its final trip to Vancouver this week and will review transportation, accommodation, venue arrangements and plans for the opening and closing ceremonies, among other things." But plans in "some of those areas can't be finalized because of an issue that's become a key point of contention between the IOC and Vancouver organizers" -- $30M (all figures Canadian) "worth of sponsorship money." VANOC "has repeatedly claimed it's owed a further [$30M] from the IOC's take from major international sponsors," but the IOC disagrees.
IOC Could Give VANOC Greater Share
Of Broadcast Revenues To Help Bridge Gap
RING TOSS: In Boston, Kevin Paul Dupont wrote the NHL "feels it loses marketing momentum and its place in a very crowded professional sports marketplace with the two-week hiatus" for the Olympics. Maple Leafs President & GM Brian Burke, who is also serving as GM of the U.S. Olympic team, said, "There is no other business in the world that shuts their doors for 2 1/2 weeks in the middle of the season. I mean, we have gotten very little benefit from this tournament when it is not in North America. ... I wouldn't be surprised if this is the last Olympics that NHL players participate in." But NHLPA Exec Dir Paul Kelly said, "The players overwhelmingly support continued participation in the Olympics, regardless of issues about time zones, locations, and whether it is in Russia or someplace else." Kelly: "I think the league is going to wait and see what kind of experience we have in Vancouver, what kind of buzz is created around the sport. If you have a tremendous tournament, a great gold medal game, if your (TV) ratings are off the chart, if you create an international buzz about the sport, then I think it changes the dialogue. I think the NHL has to take a fresh look at this question" (BOSTON GLOBE, 8/23).