POSTED: August 22nd 2011
USOC not bidding for 2020 summer Olympics focusing on revenue share instead
LAURA WALDEN / Sports Features Communications
TAMPA: The USOC has officially decided not to jump into the 2020 Summer Olympics bid race with the deadline for applicant cities looming September 1 for submissions.
Patrick Sandusky, USOC spokesman today told SportsFeatures.com, “The USOC will not be bidding for the 2020 Olympic Games. With such little time left in the process, we don’t believe we could pull together a winning bid that could serve the Olympic and Paralympic Movement.”
Sandusky also emphasized that there was not enough time to carry out a fair and legitimate process domestically to select the best city for the bid. There are a number of American cities expressing interest in jumping on the campaign wagon however it takes much time and effort for a fair perusal of each city's offer. This news will now kill their Olympic dreams of bringing the Games back to the United States.
Ongoing talks are also in process between the USOC and the IOC in regard to a revamping of the revenue share agreement whereby the USOC receives 20 percent share of all TOP sponsorship revenues and 12.75 percent of U.S. broadcast rights deals. Many NOCs and Ifs view this as the lion’s share of Olympic proceeds and possibly was behind the reasoning for only a handful of votes for the Chicago 2016 bid.
The IOC and USOC met in late July in New York to discuss the agreement and are making progress towards a new negotiation. Any new agreement will have to be approved by the executive boards from both organizations.
It is wise to redefine the new revenue sharing agreement prior to any investment on behalf of the USOC and especially the cities to plan bid projects.
Rome, Istanbul, Tokyo, and Madrid have proclaimed that they will be campaigning for the 2020 Games and Doha is still uncertain to join with just a week to go to the deadline.
South Africa was earlier on expected to bid Durban however the government doesn’t feel that it is the right time to chase such a large sports event. They likely will go for a Commonwealth Games bid first to see how that works with a multi-sport event.
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Laura Walden ()
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