- The Washington Times - Wednesday, March 18, 2009

LONDON (AP) - A senior Olympic official tells The Associated Press that the IOC could end its revenue-sharing deal with the U.S. Olympic body unless the Americans agree to a revised formula.

International Olympic Committee executive board member Denis Oswald says the U.S. Olympic Committee must make concessions on the long-standing contract at a key meeting in Denver next week.

Under the open-ended contract, the USOC receives nearly 13 percent of Olympic television rights fees and 20 percent of global marketing revenues _ as much as other national bodies combined.

Oswald says if the U.S. shows no sign of agreeing to a new formula, he will recommend terminating the contract and renegotiating a new deal.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide