Ueberroth makes it clear who pays Olympic bills
Associated Press
Sunday, October 12, 2008

ORLANDO, Fla. --- Peter Ueberroth took a swipe at international officials critical of the money the U.S. Olympic Committee receives, setting up some possibly uncomfortable moments for the Chicago group trying to land the 2016 Games.

"Who pays the bill for the world Olympic movement?" Ueberroth said Saturday in his final speech as USOC chairman. "Make no mistake about it. Starting in 1988, U.S. corporations have paid 60 percent of all the money, period. Be sure you all understand that. The rest of the world pays 40 percent. It's pretty simple math."

It was Ueberroth's first extensive response to comments made by European IOC members Denis Oswald and Hein Verbruggen, who said earlier this year that the amount of money the USOC received was not morally acceptable and called for the revenue-sharing deal to be revisited.

As part of a long-standing deal with the International Olympic Committee, the USOC receives about 13 percent of U.S. TV rights fees and 20 percent of global marketing revenues. That added up to about $300 million in the four-year period ending in 2008.

NBC paid about $894 million to televise the Beijing Games, compared to about $7 million from Chinese networks.

Ueberroth, speaking at the USOC's annual assembly where he'll be replaced as chair by Larry Probst, said he didn't respond to the IOC criticisms in the summer because he didn't want to shift attention from the upcoming Beijing Olympics.

"But that's over now," Ueberroth said. "We've been negotiating this one way in the press. But now, that day is over."

It was an uncommonly candid public statement from Ueberroth, who has built his career on getting along with IOC members, playing a huge role in bringing the 1984 Olympics to Los Angeles and turning around the fortunes of what was once a very troubled Olympic brand.

His tenure as chairman runs out this weekend, but he is being kept on with the USOC through next October, when the IOC will meet in Copenhagen, Denmark, to determine the host of the 2016 Games. The four finalists are: Chicago; Rio de Janeiro, Brazil; Madrid, Spain, and Tokyo.

Keeping Ueberroth was a savvy strategy by the USOC, which wanted to show continuity in its leadership and present a friendly and recognizable face in front of the IOC leaders throughout the bid.

In addition to the revenue-sharing plan, the 71-year-old chairman asserted that the only way for Olympic revenues to increase over the next several years is for the 2016 Games to go to Chicago.

From the Sunday, October 12, 2008 edition of the Augusta Chronicle
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