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Hosting '26 Winter Games Would Require Calgary To Use $2B In Public Funding

Published in SportsBusiness Daily on 06 / 20 / 17

The Calgary City Council yesterday learned that hosting the '26 Winter Games would require more than $2B (all figures C) in public funding and "risks running a massive operating deficit," according to a front-page piece by Annalise Klingbeil of the CALGARY HERALD. The Calgary Bid Exploration Co...

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USOC Posts $78.5M Surplus In '16

The USOC posted a $78.5M surplus on $336M in revenue during the ‘16 Rio Games year, benefitting from Games-time boosts in TV and sponsorship revenue, according to its annual IRS filing published yesterday. Team USA booked $173M in broadcast rights fees in ‘16, its share of what NBCUniver ...

Tags: Olympics, USOC

LA 2024 Impresses IOC In Evaluation Visit

LA 2024 last week "threw down the gauntlet" to rival bidder Paris with a plan that IOC Evaluation Commission Chair Patrick Baumann "said had no major risks and venues that he described as 'mind-blowing,'" according to Steve Keating of REUTERS. Baumann said, "Los Angeles is already a great Olymp ...

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Garcetti Wants More IOC Execs To See L.A.

L.A. Mayor Eric Garcetti said the city’s bid for the '24 Games would do better if not for IOC ethics rules that keep most voting members from visiting the city. "I feel stronger and stronger ... if we’d have the opportunity for 90-something IOC members to spend the kind of time -- which ...

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LA 2024 Show Existing Venues Strength

LA 2024 and city officials on Thursday showed the "wealth of existing world-class venues for the IOC evaluation commission" and refused to "cede any emotional ground to a Paris bid linked to the 100th anniversary of the 1924 Games," according to Scott Reid of the ORANGE COUNTY REGISTER. L.A. Mayor E ...

Tags: Olympics

IOC Not Addressing A Dual Bid Selection

The two hottest topics in the Olympic world took a back seat to L.A.'s sales pitch for the '24 Games yesterday, the first day of a three-day site visit by the IOC. Both the IOC and bid officials said the prospect of awarding both the '24 and '28 Games was not discussed, and neither were world politi ...

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LA 2024 Promoting Budget, Venues To IOC

The IOC is evaluating LA's bid for the 2024 Olympics this week. This colorful sign is in front of LA Live. @nbcla @gopro pic.twitter.com/tMVurCWyc3 — Sean Browning (@ShootSeanNBCLA) May 11, 2017 The LA 2024 bid group this week is detailing to a group of IOC officials how ...

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Probst Opens High-Stakes Meeting With IOC

USOC Chair Larry Probst addressed the country’s complicated history with Olympic bidding up front at the start of the high-stakes IOC Evaluation Commission's visit to L.A. today. “This morning, I had a moment to reflect on the historic importance of your visit from a personal point of vi ...

Tags: Olympics, IOC

IOC Officials Visiting L.A. This Week

LA 2024 leaders this week are being visited by an IOC delegation sent for a final evaluation of their bid, but "some experts who study the Olympic movement wonder" how much the group’s hard work will "matter," according to David Wharton of the L.A. TIMES. The '24 Games host site will be "decid ...

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Ticket Sales Slow For PyeongChang Games

Organizers for the '18 PyeongChang Games today admitted that ticket sales "have gone far worse than hoped ... with barely a quarter of the first-phase target taken up," according to the AFP. A POCOG official said that they had "aimed to sell 600,000 tickets." However, applications for only about 380 ...

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Wasserman Praises Trump's Support Of LA 2024 Bid

LA 2024 Chair Casey Wasserman said that President Trump has "done everything" to support the city's bid to host the '24 Games, according to Ossian Shine of REUTERS. Wasserman on Thursday said, "Donald Trump has done everything we could have asked to support our bid. Every letter, every phone ca ...

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