• Short Summary

    A spokesman for COJO the Montreal Organising Committee has announced the Committee's acceptance of a 9.3 million dollars offer by countries outside North America for the television rights to the Montreal Olympics next July.

  • Description

    A spokesman for COJO the Montreal Organising Committee has announced the Committee's acceptance of a 9.3 million dollars offer by countries outside North America for the television rights to the Montreal Olympics next July.

    The spokesman said the Committee, by accepting the offer, which amounts to about 4.5 million pounds sterling, had put itself further into debt by another ten million dollars.

    The deficit is already running at three hundred million dollars.

    However there are some face saving aspects to the television rights deal.

    These include immediate payment in US dollars which will enable the Committee to collect interest on it until next summer and a multiplication of the few cents difference between the Canadian and US dollar.

    But no matter how these aspects are looked at, the television rights deal represents a big climbdown from the Committee's original demand of 30 million dollars and a scrabble down from its "very last offer" of 18 million dollars made only a few months ago.

  • Tags

  • Data

    Film ID:
    VLVA6U6MX01LZZC1GZFGHXT54R1G7
    Media URN:
    VLVA6U6MX01LZZC1GZFGHXT54R1G7
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    16/09/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:06:00
    Time in/Out:
    /
    Canister:
    N/A

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