IOC, USOC Still Immersed In Talks Over Revenue-Sharing Issue

The ongoing revenue negotiations between IOC and USOC officials “made progress in recent weeks, but failed to produce an agreement in time for the two-day IOC executive board meetings” that opened today in Lausanne, Switzerland, according to Stephen Wilson of the AP. IOC President Jacques Rogge said, "That will not be discussed at this executive board, but I hope that this can be achieved at further meetings.” Rogge said the two sides "hopefully" will reach a deal ahead of upcoming IOC board meetings in Moscow, Quebec City and London. Wilson notes the revenue-sharing issue has "strained ties" between the IOC and USOC for years and is "holding up potential U.S. bids for future games.” The sides “came close last week to reaching an agreement to submit to their boards for ratification, but still remain apart on a few points” (AP, 3/13).