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SBD/July 29, 2014/Olympics
Boston Mayor Excited About City's Bid For '24 Games, How Games Fit Into City's Future
Published July 29, 2014
STICKING POINT? The AP's Eddie Pells noted if Boston, L.A., S.F. or DC is picked to host the '24 Games, one of the USOC's first tasks will be to "hand over millions in sponsorships to the victorious city's newly formed organizing committee." The last two American bids for Olympic Games have "included agreements that didn't conform" with the IOC's guidelines, which call for around 90% of the host federation's domestic sponsorship "to be channeled to the new organizing committee." The USOC, which is not backed by any government funding, has "balked at the terms because it would have trouble making up for the millions it gives away." USOC CEO Scott Blackmun said, "It's been a contentious issue in the past, both with New York and Chicago. I can tell you we're working hard to change our relationship with each bid city. We want to work with them to develop a structure that makes sense for us and them." IOC Dir of Television & Marketing Services Timo Lumme said that there is "some flexibility built into the program, so the USOC might not have to give away as much as some other countries, but the principle of the concept stays true" (AP, 7/28).