USOPC considering plan to sell stake in Team USA as LA Olympics approach
Summary
The U.S. Olympic and Paralympic Committee is developing a plan to sell investors a stake in the commercial rights for Team USA, according to reports and board meeting minutes. The USOPC says it is weighing commercial options to raise resources for athletes and national governing bodies as it prepares for the 2028 Los Angeles Olympics and the end of its current commercial partnership with LA28.Key Facts
- The proposed entity is called United States Olympic and Paralympic Ventures, or USOPV.
- USOPC CEO Sarah Hirshland said the venture’s commercial model is still being developed and did not provide specific details.
- Board minutes said potential investment and strategic partners gave encouraging feedback on the proposal.
- The USOPC is being advised by investment bank Raine Group, according to Sky News; the venture could be valued in the billions of dollars.
- The USOPC’s commercial partnership with LA28 is due to end after the 2028 Los Angeles Olympics.
- The USOPC said it has consulted athlete and federation representatives and is evaluating options that preserve its mission, governance and leadership.
- The United States is scheduled to host the 2034 Winter Olympics in Salt Lake City.
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