US Olympic Committee Considers Selling Stake in Team USA Commercial Rights

The US Olympic and Paralympic Committee, or USOPC, is considering a plan to sell a stake in the commercial rights for Team USA in return for capital, The Guardian reported, citing multiple reports that the summary does not identify. According to The Guardian, the committee is in the advanced stages of setting up an entity to sell the stake, and it says any deal would mark a significant shift for the organization. The summary describes the arrangement as a way to raise capital in exchange for a stake in those rights.

The Guardian's summary describes the USOPC as a "non-profit organization", though the sentence breaks off before completing its comparison. A separate line in the summary attributes to the committee's chief executive, who is not named there, the statement that the business model is in early stages. That account differs from The Guardian's description of advanced stages, and the summary does not reconcile the two.

The summary also states that the United States is set to host the Summer and Winter Olympics, and the headline links the plan to the approach of the Los Angeles Games. It does not give the amount of capital involved, name any prospective investor, or set out a timetable for a deal.

This account draws only on the headline, subheadings and summary of the Guardian article, which carries the byline Agencies. Readers seeking the complete report can consult the original article. Further details of the plan, including its scope and status, are not contained in the material used here.

Sources: The Guardian: USOPC considering plan to sell stake in Team USA as LA Olympics approach.