USOPC considering plan to sell stake in Team USA as LA Olympics approach

US set to host Summer and Winter Olympics USOPC CEO says business model in early stagesThe US Olympic and Paralympic Committee (USOPC) is in the advanced stages of setting up an entity to sell a stake ⁠in the commercial rights for Team USA in return for capital, according to multiple reports.Any deal would mark a significant shift for the USOPC, a non-profit organization that, unlike many national Olympic committees, relies heavily on sponsorships, licensing ⁠and other commercial revenue streams rather than government funding. Continue reading…

The US Olympic and Paralympic Committee (USOPC) is in the advanced stages of setting up an entity to sell a stake ⁠in the commercial rights for Team USA The US Olympic and Paralympic Committee (USOPC) is in the advanced stages of setting up an entity to sell a stake ⁠in the commercial rights for Team USA in return for capital, according to multiple reports. Any deal would mark a significant shift for the USOPC, a non-profit organization that, unlike many national Olympic committees, relies heavily on sponsorships, licensing ⁠and other commercial revenue streams rather than government funding.

The plan has been in the works for months, according to minutes of USOPC board meetings which showed the proposed commercial entity would be named United States Olympic and ⁠Paralympic Ventures (USOPV). “[USOPC CEO Sarah] Hirshland reported encouraging feedback from preliminary discussions with potential investment and strategic partners,” the minutes said. “Prospective partners generally validated ​the vision for the USOPV and strategic rationale underlying the initiative.” The ‌USOPC is being advised by investment ‌bank Raine Group, according