USOC to resume talks with IOC; 2022 bid on hold

January 11, 2012 - 12:58 PM
Britain Olympics USOC IOC Talks

United States Olympic Committee Chairman Larry Probst, right, and USOC CEO Scott Blackmun seen speaking to the Associated Press during an interview at a central London hotel Wednesday, Jan. 11, 2012. U.S. Olympic Committee leaders will resume negotiations with the IOC this week on the revenue-sharing dispute that continues to block any American bid for future games, including a potential candidacy for 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. (AP Photo/Alastair Grant)

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.