Revenue Dispute Postpones US Bids for Olympic Games

Added by Tania Sullivan on September 27, 2010

United States Olympic officials stated on Friday, September 24, that the US is waiting to have its revenue settled before bidding to become the host of future Olympic Games.

The US Olympic committee is currently disputing its revenue with the IOC, a dispute that stained its image worldwide.

After Chicago’s exit in the first round of the 2016 Summer Games voting, USOC took the decision of putting further bids on hold and USOC officials stated for reporters that probably no bid will be made until 2020.

Reuters quoted the CEO of the United States Olympic Committee (USOC), Scott Blackmun: ‘We are in discussion with the IOC about some broader based revenue sharing ,and we don’t think it’s in our interest to have an active bid while those discussions are active. So we’re in a state of suspension in respect to an Olympic bid. We’d like to host the Games.’

The dispute between the US Olympic and IOC started due to the fact that IOC intends to balance the funds’ distribution between national Olympic committees and international federations and found that the amounts of bulk revenue sent to USOC as being ‘immoral’.