Joint Statement from the IOC and the U.S. Olympic Committee
The International Olympic Committee (IOC) and the U.S. Olympic Committee (USOC) have held a very constructive meeting on the issue of Olympic revenue distribution.
Gerhard Heiberg, chairman of the IOC Marketing Commission, led a three-member IOC delegation that included Denis Oswald, president of the Association of Summer Olympic International Federations, and Mario Vazquez Raña, president of the Association of National Olympic Committees. They met on the sidelines of Sportaccord with USOC Chairman Larry Probst, Acting CEO Stephanie Streeter and 1st Vice President, International, Bob Ctvrtlik.
They found the following points of agreement:
- USOC agreed to the principle of participation in the Games costs at an appropriate level.
- In light of the changed economic environment since 1996, the IOC and the USOC agreed to enter into discussion in 2013 to resolve the issue of revenue sharing for the period after 2020 in the best interest of the Olympic Movement and Olympic Solidarity.
The IOC and USOC delegations agreed to continue to work in good faith and a constructive spirit and to meet again before end of the year.
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