USOC to resume talks with IOC; 2022 bid on hold
LONDON (AP) — U.S. Olympic Committee leaders will resume negotiations with the IOC this week about a the revenue-sharing dispute that's been blocking potential American bid for the games, including the 2022 Winter Olympics.
USOC chairman Larry Probst and CEO Scott Blackmun told The Associated Press on Wednesday that they will hold talks with International Olympic Committee officials on Friday in Innsbruck, Austria, during the inaugural Winter Youth Games.
Probst says "we're making progress, slowly but surely."
The negotiations with the IOC are aimed at resolving the long-running dispute over the U.S. share of Olympic television and marketing revenues. The IOC believes the American cut is excessive and should be redistributed.