IOC Could Lose U.S. TV Dollars

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Monday, October 5, 2009

The cost of Chicago's defeat in its bid to host the 2016 Olympics will be felt in the value of the next U.S. broadcast deal.

The International Olympic Committee's top negotiator said the U.S. rights are worth less after the 2016 Games were awarded to Rio de Janeiro.

"Obviously, the domestic games would be more valuable," Richard Carrion, the IOC finance commission chairman, told the Associated Press.

And the American deal -- the most lucrative in the IOC's portfolio -- might not be done for another three years if the economy doesn't improve.

"We have plenty of time and it doesn't have to be in 2010. We could conceivably do a deal as late as 2012," Carrion said.

U.S. networks including NBC, ABC-ESPN and Fox were expected to bid for combined rights to the 2014 Sochi Winter Olympics and a potential 2016 Chicago games.

NBC paid $2.2 billion for the 2010 Vancouver Olympics and 2012 London Games.

The IOC gets more than half its revenue from broadcasting deals, and U.S. deals alone have been worth more than the rest of the world's broadcasters combined. . . .

The IOC is setting up a new system to watch for corrupt betting practices linked to Olympic competitions.

It's scheduled to be in place for the 2010 Vancouver Games. The monitoring program is part of broadening efforts in sports to tackle irregular betting and match-fixing.

A new Swiss company, International Sports Monitoring, will watch betting at the Vancouver Olympics in February and the 2012 London Olympics. It will get information on betting patterns from 400 to 450 oddsmakers, betting firms and lotteries and flag any irregularities for investigation.


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