LONDON (AP) — The IOC reports “good progress” in its latest negotiations with the U.S. Olympic Committee on the revenue-sharing dispute that is holding up any potential American bids for the games.
IOC member Gerhard Heiberg tells The Associated Press: “We are optimistic and little by little we continue to move in the right direction.”
The two sides met for about five hours Friday in Innsbruck, Austria, site of the inaugural Winter Youth Olympics.
The negotiations, which began more than a year ago, are aimed at resolving the dispute over the U.S. share of Olympic television and marketing revenues. The IOC believes the American cut is excessive and should be redistributed.