SBD Global/September 5, 2012/Olympics

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  • Olympic CEO Paul Deighton To Take On Treasury Role

    LOCOG CEO Paul Deighton has "taken on an even greater challenge" by accepting a Treasury role to get the economy moving, according to Owen Gibson of the London GUARDIAN. The U.K. government is hoping that "some of the Olympic stardust will rub off on the economy" after appointing Deighton, the former Goldman Sachs banker, to replace James Sassoon in January. Sassoon will become the Commercial Secretary to the Treasury after indicating "a desire to return to the private sector." Deighton will report to Chancellor George Osborne but will take a seat in the House of Lords. He will not "draw a salary," but given that he was valued at £95M ($151M) by the Sunday Times Rich List, that is "unlikely to have been a difficult choice to make" (GUARDIAN, 9/4).

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  • The JOC Plans To Appeal Against The IOC's Decision To Void Murofushi's Election

    The Japanese Olympic Committee will appeal to the Court of Arbitration for Sport against the IOC's decision to void hammer thrower Koji Murofushi's election to the IOC Athletes' Commission, according to KYODO. The JOC "believes there has been a misinterpretation of the rules," and although it plans to challenge the IOC's decision it has also "suggested its willingness to compromise." It is the first time the JOC has decided to bring a case before the CAS. JOC Election Project Committee Head Yoshiji Nogami said, "We cannot swallow this decision whole. There has been a misinterpretation between the parties. There was not enough time to verify the facts. We do not believe this will influence our bid to host the Olympics (in 2020)." Bronze Medalist Murofushi received enough votes during the election to place in the top four. However, the IOC voided his election at the Games, claiming that he had violated election rules by distributing campaign goods and posting fliers with his name (KYODO, 9/4).

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