• In conjunction with the official grand opening of its Americas headquarters, Bridgestone Americas, Inc. and the Nashville Predators unveiled an additional five-year extension for the naming rights agreement for Bridgestone Arena, home of the Nashville Predators. Initially signed in March 2010, the extended terms now ensure Bridgestone naming rights through 2025. Financial terms were not shared.
• Research, marketing and consulting firm NewZoo, San Francisco, has increased its estimate of the market size for global games for 2016-20 “based on an even stronger performance than anticipated in the first three quarters of the year. NewZoo now says that the global games market would generate $116 billion in game software revenues, $7.1 billion higher than previously estimated and nearly 11% growth vs. 2016. The firm now estimates that the category will hit $143.5 billion in 2020.

• Univision Deportes said it would conclude the year as the “leading sports brand delivering the most soccer viewing in the country throughout 2017.” Univision Deportes said this past year it earned the highest share of soccer viewing in the U.S. among 29 networks broadcasting live soccer, claiming over 40% of all viewing across the networks of Univision. It also said it led the industry by “broadcasting 19 out of 20 top-rated club soccer matches in 2017, regardless of language.”
• The NBA has named Indianapolis as the site for the 2021 All-Star Game, to be played in Bankers Life Fieldhouse on Feb. 14. The next three NBA All-Star Games are: Los Angeles (Staples Center, Feb. 18, 2018), Charlotte (Spectrum Center. Feb. 17, 2019) and Chicago (United Center, Feb. 16, 2020). Cleveland said it would seek to host the 2022 game, which would be the 70th All-Star Game in league history.


Top-Selling NBA Jerseys Dick's Sporting Goods (Season to Date)

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2. Stephen Curry Golden State Warriors
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7. Giannis Antetokounmpo Milwaukee Bucks

8. James Harden Houston Rockets
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10. Isaiah Thomas Cleveland Cavaliers
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Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.

Good News-Bad News In 2010 Olympics Financial Report

October 26, 2009: The Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games has released its year-end fiscal report, which comes with the proverbial good news-bad news qualifications.

The good news: VANOC reports a net positive cash position of $182.2 million and said it "remains on track to finish the Games with a balanced budget."

The bad news: VANOC stressed, "It’s important to highlight that we are in a positive cash position because of the timing of payments and expenditures . . . Because of the nature of this project we shouldn’t take these results as necessarily indicative of the future."

The report, which includes audited financial statements for the period ending July 31, 2009, comes just days after Jack Poole, the man who headed the movement to bring the 2010 Winter Olympics to Vancouver, passed away at the age of 76. Vancouver Olympic officials said he died Oct. 23 in hospital "following a lengthy battle with pancreatic cancer." Poole, who was chairman of the VANOC board of directors, lived long enough to see the flame that eventually make its way to the Vancouver Games lit in Greece on Oct. 22.

The 2010 Winter Olympics will run from Feb. 12-28, 2010.

“Our financial results over the past year were positive despite being in the midst of one of the toughest economic environments in a very long time. And while we’re pleased with the result, it’s important to highlight that we are in a positive cash position because of the timing of payments and expenditures,” John McLaughlin, VANOC’s CFO, said in a statement. “Because of the nature of this project we shouldn’t take these results as necessarily indicative of the future — Games’ budgets simply don’t work that way."

McLaughlin added that VANOC, which is responsible for the planning, organizing, financing and staging of the XXI Olympic Winter Games and the X Paralympic Winter Games, has "entered into substantial commitments for the goods and services required for the Games and soon our cash outflows will increase dramatically as we pay our suppliers. We need to continue to move forward cautiously with a disciplined financial strategy in the remaining days to ensure we finish with a balanced budget.” 

Among other figures released in the report, VANOC said project-to-date venue construction expenditures total $555.4 million; total deferred operating expenses for the year were $403.9 million versus $170.4 million in 2008; and that on a project-to-date basis, deferred operating expenditures totalled $768 million. VANOC said its next financial report would be released in December 2009.

2010 Winter Olympics IOC Worldwide Partners: Coca-Cola,. ACER, Atos Origin, General Electric, McDonald's, Omega, Panasonic, Samsung, Visa

2010 Winter Olympics National Partners: Bell, Hudson's Bay, RBC, GM Canada, Petro Canada, RONA

2010 Winter Olympics Official Supporters: Air Canada, BC Hydro, Bombardier, British Columbia Lottery, Canadian Pacific, ICBC, Jet Set Sports, Ricoh Canada, Royal Canadian Mint, Teck

2010 Winter Olympics Official Suppliers: 3M Canada, Acklands-Grainger, Aggreki, Alda Pharmaceuticals, Aquilini Investment Group, Birks, Britco, Canada Post, Cold-FX, Deloitte, Dow Canada, Epcor, Garrett Metal Detectors, General Mills, Hain Celestial Canada, Haworth, Jackson-Triggs, Karl's Global Events, Milennium Development, Molson, Nike Canada, Nortal, Offsetters, Port Metro Vancouver, Purolator Courier, Saputo, Sleep Country Canada, Sun Microsystems Canada,, TransCanada, Vancouver Airport Authority, Weston Bakeries, Workopolis, Wrigley Canada.

2010 Winter Olympics Official Media Suppliers: Canwest Publishing, The Globe and Mail, La Presse

Source: VANOC

Vancouver Officials, IOC Eye Final 2010 Olympic Games Preparations

VANOC, IOC, Coca-Cola Set 2010 Olympic Flame Route

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