The Associated Press reports U.S. Olympic Committee (USOC) CEO Scott Blackmun says he’s optimistic of reaching a revenue-sharing agreement with the International Olympic Committee (IOC) and isn’t ruling out a U.S. bid for the 2020 Summer Olympic Games.
The USOC and IOC officials had a meeting in New York Friday and reported progress in resolving their long-running money dispute.
Blackmun told The Associated Press that the negotiations produced “new ideas” that could lead to a formal agreement in the next few weeks, adding “we have a structure that we’re optimistic about”.
He said, “as each day goes by, the chances of the U.S. submitting a bid decreases, but as long as there is some possibility, I don’t want to rule it out”.
Deadline for submission of bids for the 2020 Summer Games is September 1.