SINGAPORE (AP) — The head of the U.S. Olympic Committee says he’s optimistic he can reach an agreement with the IOC about financing future games.
USOC chief executive Scott Blackmun says in an interview that recent 10-year sponsorship deals between Dow Chemical Co., Procter & Gamble Co. and the International Olympic Committee have helped boost revenue.
The two sides are negotiating how much the USOC should pay toward the administrative costs of staging the Olympics, a first step toward a possible revision of the revenue-sharing agreement.
