POSTED: January 11th 2012
NewsUpdate

IOC and USOC talks to continue at Innsbruck 2012 YOG

Denver dreams of bidding again for the Games / Bob Ashe for Denver Metro Convention & Visitors Bureau
Denver dreams of bidding again for the Games / Bob Ashe for Denver Metro Convention & Visitors Bureau

Sports Features Communications

TAMPA: The International Olympic Committee (IOC) and the US Olympic Committee (USOC) will resume the revenue share talks at the Innsbruck 2012 Youth Olympic Games (YOG) at the end of the week.

The Associated Press reports that both USOC chairman Larry Probst and CEO Scott Blackmun were in London today and confirmed that talks were going forward and they "were making progress" little by little.

The re-negotiation of the revenue allocations of TOP sponsor agreements and US broadcasting rights has been a long standing dispute between the two organizations. The IOC is looking to re-negotiate the original agreement initially contracted in the 1980's as a number of National Olympic Committees and international sports federations have questioned the 12.75 percent cut of the TV money and 20 percent of sponsorship revenue.

Many believe this was the downfall of the Chicago 2016 bid and the reason that the USOC won't enter another Olympic bidding race until the matter is resolved.


Keywords · USOC · IOC · Larry Probst · Scott Blackmun


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