Word: ioc
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...members of the International Olympic Committee (IOC) will meet in Copenhagen to decide the host city for the 2016 Summer Games. Officials from Chicago, which is competing against Rio de Janeiro, Madrid and Tokyo for the Olympic prize, are working feverishly to perfect their pitch down the homestretch. The Chicago delegation just returned from Africa, where it made a presentation to the Olympic executives of that continent. President Obama himself sent a video message, asking the Africans for their vote...
...round coverage of Olympic sports. According to the USOC, the network will launch sometime after the 2010 Vancouver Games. One problem: the U.S. Olympic Network could compete with NBC, which is paying $2.2 billion to broadcast the 2010 and 2012 Olympics. The network accounts for roughly half of the IOC's global broadcast-rights fees, and NBC will surely be among the bidders for the 2014 and 2016 Olympics. Plus, NBC wanted the USOC to partner with its own cable network, Universal Sports, for Olympic programming. NBC is irked, and the IOC doesn't like to see its sugar daddy...
...Chicago has formidable competition: the 2016 Games' final four candidates also include Madrid, Tokyo and Rio de Janeiro. Considering that London is to host the 2012 Summer Games, a sense of continental equity could bolster the IOC's desire to return the event to the Americas. Rio would be the first South American city to host the Games, but there is grave concern about its ability to afford the significant infrastructure and security requirements. American Olympic officials are betting they can sell the IOC on Chicago's robust sports culture and the city's relatively harmonious ethnic and racial diversity...
...pull off. But with public and private funding under heavy strain in the global downturn, it's hardly the ideal time to be putting on a show. China lavished some $40 billion on last year's Beijing Games. These days "we are in a mode for lean games," IOC president Jacques Rogge said in December. (See pictures of the Beijing Olympics...
...cities still in the running for the 2016 Summer Games - Chicago, Rio de Janeiro, Madrid and Tokyo will hand their final submissions to the IOC this week - are also wary of the downturn. Chicago's plan for the Games rests almost entirely on contributions from businesses, foundations and individuals. "The private funding initiatives on behalf of the general public [are] a well-established precedent in Chicago," says Patrick Ryan, chairman and CEO of Chicago 2016. Ryan remains optimistic that Chicago can raise enough money should it win the Games, not least because Chicago's proposed athletes' village would be located...