Menu
Olympics

Questions Swarm 2020 Tokyo Games After $1.5M Payment To Secret Account Revealed

A seven-figure payment from the "successful Tokyo Olympic bid team to a notorious account" linked to the son of the disgraced former IAAF President Lamine Diack was apparently made during the race to host the 2020 Games, according to Owen Gibson of the London GUARDIAN. The alleged payment of around €1.3M ($1.5M), now "believed to be under scrutiny by French police, will increase pressure on the International Olympic Committee to investigate properly links between Diack’s regime and the bidding race for its flagship event." It could also "raise serious questions over Tokyo’s winning bid," awarded in '13. It is now understood that "among transactions under suspicion are payments" totaling around €1.3M apparently sent from the Tokyo 2020 bid, or those acting on their behalf, directly to the Black Tidings bank account in Singapore. The account is linked to Lamine Diack’s son, Papa Massata Diack, who was employed by the IAAF as a marketing consultant. The secret Black Tidings account "is at the heart of the allegations of institutionalised corruption at the IAAF over more than a decade." Asked about the alleged payment, believed to have been made in "more than one tranche" before and after the Games were secured, the Japanese Olympic Committee -- which oversaw the bid -- said that "its press team was away on business for a week and was unable to respond" (GUARDIAN, 5/11).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/05/12/Olympics/2020-Secret-Accounts.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/05/12/Olympics/2020-Secret-Accounts.aspx

CLOSE