Word: ioc
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...Norm Bellingham, chief operating officer for the USOC, insists that the IOC was informed of the network's plans for months. "We never heard any negative feedback from them," says Bellingham. "By the time we heard that they prefer that we hold off, we just did not feel like that was viable." (See 10 things to do in Chicago...
...IOC publicly chided U.S. Olympic officials. "We were aware that the USOC had been considering a new 'Olympic broadcast network,' but we have never been presented with a plan, and we had assumed that we would have an opportunity to discuss unresolved questions together before the project moved forward," the IOC said in a statement. "It is for this reason that the IOC is disappointed that the USOC acted unilaterally and, in our view, in haste by announcing their plans before we had a chance to consider the ramifications." The IOC also said that the network "raises complex legal...
...Ouch. The wrist-slap comes at the worst possible time for Chicago. The IOC and the USOC were already squabbling about the USOC's share of sponsorship and broadcast revenue: the IOC wants to reduce the funds flowing to the U.S., while the Americans are resisting. Both sides, however, had agreed to put those negotiations aside until after the 2016 decision was finalized. Now all tensions are back on the table...
...IOC is a famously isolated, self-important organization whose members do not like to be slighted. Competition for hosting rights is fierce: a city needs a majority of the 107 members to vote in its favor to win. One ballot can tip the balance, and this new dustup could alter a member's decision. "This is an absolutely unnecessary self-inflicted wound," says Marc Ganis, a Chicago-based sports-business consultant who has closely followed the 2016 bid. "It just serves to remind the IOC of their preconceived notion that the Americans are arrogant and self-serving...
...sponsorship revenue would trickle down to the USOC and the governing bodies of the Olympic sports. The USOC needs this money, as it has lost valuable sponsors like The Home Depot, General Motors and Bank of America since the onset of the recession. So why not work with the IOC to resolve any issues with the network - or at least hold off on action until...