Tag: Mayor Ray Flynn

DODGER’S SALE POTENTIAL WINDFALL FOR LA MARATHON

     Now that the Los Angeles Dodgers sale from Frank McCourt to the Magic Johnson-Stan Kasten group has been consummated for a record $2 billion – the highest price ever paid for a sports franchise  – the fortunes of both the Dodgers and the Honda LA Marathon just took a turn for the better.

Why is the Dodger’s sale a good sign for the marathon? Well, until today they were owned by the same man, and with all the turmoil surrounding the McCourt ownership of the Dodgers over the last two years, and his concurrent divorce from wife Jamie, the marathon was put on something of a back burner.  Not unexpected considering the value of the Dodgers, the amount of the pending  divorce settlement, $131 million, and the approximate worth of the marathon, $20 million, at best.

Though the McCourt Group separated its holdings into different bins, even as recently as last November there was some interest in unloading the LA marathon at the same time as selling off the Dodgers. But after a cursory look-see by a few interested parties, McCourt pulled the marathon from the sales floor. Now with the Dodgers well-disposed and the divorce almost final, the marathon might finally become a more prominent asset for the McCourt Group.

“When all this (sale of Dodgers and the divorce) settles down, he will settle on the marathon and focus,” Howard Sunkin, senior VP of the McCourt Group told me over marathon weekend.  “What I want is when people talk about the sport (of marathoning), they will say ‘Boston, New York, Chicago and L.A.  We don’t have to be the first name on that list, but we want to be part of that conversation.” (more…)

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SAME AS IT EVER WAS

     As we approach this weekend’s USATF Indoor Track & Field Championships in Albuquerque, New Mexico, once again we find the advance stories focusing as much on the politics of the sport as on the competition itself.  The wedge issue currently roiling the sport – as it has since the USATF annual convention in St. Louis last December – is over the number of sponsorship logos athletes can display on their competition singlets, the size of those logos, and at which competitions those regulations will be fully enforced by USATF, the sport’s governing body.

According to stated USATF rules, which follow international IAAF regulations, an athlete can only display two commercial logos or one club logo and one commercial logo.  But as reported today on LetsRun.com, in a nod to athlete demands, USATF has agreed to allow athletes with a club logo to have two commercial logos on display, as well. For their part, athletes want the right to display one club and three commercial logos.

Regardless, while USATF and the athletes go back and forth over number, size, and where the uniform rules will be enforced, the USATF Board’s legal counsel Larry James wrote a memo to the Board stating his concern that any deviation from the stated rules might be seen by Nike – sponsor for the USATF Indoor and Outdoor National Championships  – as reducing the value of its own contract with USATF, and thereby, under the terms of that contract, would allow Nike to pay a lesser amount to USATF for its own visibility.  And since more athlete logos appearing on athletes’ singlets might thus be interpreted as a reduction in value by Nike, USATF is forced to implement its uniform restrictions, irrespective of the gentleman’s agreement they came to in St. Louis with athlete legal counsel David Greifinger to hold off on the implementation at domestic events.

You can read the whole account on LetsRun.com, but the bottom line according to David Greifinger (the former legal counsel to USATF, by the way) is, as currently worded Nike can argue anything reduces the value of its contract. “Taken to its logical extreme, Nike would have veto power over the composition of USATF’s Board and committees, USATF’s Bylaws, Regulations, and Competition Rules, and all matters pertaining to competitions and athletes’ rights.”

That a kerfuffle like this is still taking place 34 years after the institution of USATF as governing body for track & field, road racing, youth running, masters running, trail running, race walking is evidence enough of the limitations of the institution.  However, history, too, may be instructive for the current situation. (more…)