Tuesday, November 18, 2008

Olympic updates

USA Swimmer Gary Hall Jr. retired at the age of 34. Hall is a 10 time Olympic medalist. He has disclosed he has diabetes and will try to help others who have the disease.

Also Johnson and Johnson's sponsorship with the IOC will end at the end of 2008. The sponsorship was in the range of 60-80 million dollars from 2005-2008. A renewal from Johnson and Johnson would have been close to 100 million dollars over 4 years. There were 12 worldwide sponsors of the IOC at the Beijing games in 2008 that generated 900 million in revenue. This revenue was achieved from 2005-2008. 9 companies are signed on with the IOC currently through the 2012 London games. Panasonic and Coca-Cola are signed to long term deals. Visa and McDonalds are also worldwide sponsors as well.


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