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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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Wasserman Argues L.A. Must Get '24 Games

LA 2024 Chair Casey Wasserman published an essay on Friday arguing the IOC's proposal to award the '24 and '28 Games simultaneously is fine -- if L.A. goes first. In his most extensive remarks yet on the rapidly evolving landscape of the head-to-head race with Paris, Wasserman argued the IOC needs L ...

Tags: Olympics

IIHF To Cover NHL Costs At '18 PyeongChang Games

The IOC today said that the IIHF has "agreed to pay NHL players' travel and insurance costs to try to lure them" to participate in the '18 PyeongChang Games, but NHL owners have "set more commercial demands," according to Karolos Grohmann of REUTERS. The IOC had "covered those costs for the las ...

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Penny Steps Down As USA Gymnastics President

USA Gymnastics President & CEO Steve Penny resigned on Thursday, one week after the USOC pressured the NGB to act amid growing criticism of Penny’s response to a sex abuse scandal. USAG Chair Paul Parilla said, “We have accepted Steve’s resignation and want to thank him for his ...

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IOC Creates Group To Study Candidate Process

The chance of a joint award of the '24 and '28 Games when the IOC meets in September "seemed to grow more likely Friday when the IOC announced the creation of a working group to consider changes to the candidature process," according to Rachel Axon of USA TODAY. IOC President Thomas Bach said ...

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USOC Short On Details After Gymnastics Meeting

The USOC BOD “reached a consensus” regarding the ongoing sex abuse scandal at USA Gymnastics on Thursday and discussed the matter with USA Gymnastics Chair Paul Parilla later in the day, but they would not say exactly what they discussed, including whether they demanded that President &a ...

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USOC Wants Gymnastics' Steve Penny Out

Officials within the USOC say USA Gymnastics President & CEO Steve Penny "must resign so the national governing body can move forward in the midst of a sex abuse scandal," according to sources cited by Christine Brennan of USA TODAY. More than 360 cases in which gymnasts "accused coaches of sexu ...

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Penny Situation Creates Rare Discord At NGB

If top USOC execs demand USA Gymnastics President & CEO Steve Penny’s resignation later today, it could lead to a highly unusual battle of wills with one of the American Olympic movement’s strongest NGBs. However, the situation is fluid -- the full USOC board still must discuss the m ...

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IOC Delays L.A. Visit After Recent Upheaval

The IOC Evaluation Commission has postponed its official site visit to L.A. to inspect LA 2024’s plan to host the Olympics. Originally slated for April 23-25, the 14-member board will now instead visit May 10-12. The change resulted from Budapest’s withdrawal from the bidding amid local ...

Tags: Olympics, IOC

IOC Official Under Fire For Taking Payment

The head of the powerful IOC commission in charge of measuring the technical quality of L.A.'s '24 Games bid is under a cloud of scandal. Namibia’s Frankie Fredericks, chair of the '24 Evaluation Commission, was named Friday in a French report as the recipient of a $300,000 payment from a scan ...

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IOC TV Rights Up 7% For '14, '16 Games

The IOC generated $4.1B off global broadcast rights to the Sochi and Rio Olympics, up 7.1% over the quadrennial ending with the '12 London Games, according to new projections released today. Meanwhile, the IOC’s global sponsorship program (The TOP Program) generated $1.02B, up 7.6% over the re ...

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