ROCOG Admits To Rushing Village Completion Rio Expected To Run 43% Over Budget Athletes Village Yet To Pass Safety Tests Russia Reportedly Offered Deal To IOC IOC Criticized For Allowing Russia To Field Team Australians Unhappy With Olympic Village USA Gymnastics Agrees To Buy Karolyi Ranch Editorials Call For Complete Russian Oly Ban Tennis Players Drop From Games Citing Zika Russia Expects Rio Decision By Sunday
SBD/September 25, 2012/Olympics
USOC Calls For Support From Federal Government With Potential Olympics Bids
Published September 25, 2012
NEEDING THE DOUGH: SPORTSBUSINESS JOURNAL’s Tripp Mickle notes the USOC is “hoping to double its Olympic-year fundraising haul” in an effort to “increase revenue over the next four years.” Blackmun said that fundraising is the “area where the organization has the most room for improvement.” The USOC increased its fundraising “from $28.9 million during the 2005-08 quadrennium to $50.7 million during the 2009-12 quadrennium.” Blackmun has “set a goal of increasing fundraising to $50 million in 2016, more than doubling the $17 million the organization raised this year and bringing its fundraising total to more than $75 million.” He said,“That’s a huge jump for us. The only way to raise that money is to ramp up the program, and that will take time” (SPORTSBUSINESS JOURNAL, 9/24 issue).