DUBAI, United Arab Emirates (AP) — Signing a new global sponsor could help settle a key financial dispute between U.S. and international Olympic leaders.
U.S. Olympic Committee CEO Scott Blackmun and International Olympic Committee executive board member Denis Oswald tell The Associated Press that a financial agreement could hinge on the signing of a new sponsor for the 2012 London Games.
The two sides are trying to reach a deal on how much the USOC should pay toward the administrative costs of putting on the Olympics, the first step toward a revision of a disputed revenue-sharing agreement.
Oswald says a new sponsor will help because it means there is “a little bit more money to distribute.”
Blackmun says it will “make it easier for us to reach an accommodation.”
