Current:Home > FinanceThe man who saved the 1984 Olympic Games and maybe more: Peter Ueberroth -FundPrime
The man who saved the 1984 Olympic Games and maybe more: Peter Ueberroth
View
Date:2025-04-16 22:53:49
When Peter Ueberroth began recruiting Olympic volunteers in a meeting before the 1984 Games in Los Angeles, he made a harsh promise to the Americans vying for an opportunity to assist in the ascension of the U.S. as a sports business powerhouse.
“He said ‘Ladies and gentlemen, I promise you three things: long hours, no pay and guaranteed termination,’” said U.S. Olympic Committee board member John Naber. “At that time in the Olympic movement, that was the message we needed to bring.”
Ueberroth proved to be the catalyst in setting a precedent for the future of the Games and reinvigorated the Olympic movement with the ascendance of Los Angeles as an international sports hub of endless possibilities. The acquiring and financing of the Games coupled with the surplus of revenue produced through sponsorships proved vital in the elevation of the 1984 Games as a staple in modern American sports history.
Now 86, Ueberroth was unable to be interviewed, a spokesman said. But an innovator in the international Olympic evolution, Ueberroth organized the first-ever privately funded operation of the Games in Los Angeles, allowing for new infrastructure, new relationships with major sponsors and attractive television deals to galvanize a new era in the Los Angeles sports realm.
“Essentially, Los Angeles didn’t have to pay for any of the very few new facilities. Los Angeles was clearly 40 years ahead of its time,” said Olympic sports specialist Philip Hersh. “Despite the fact that the International Olympic Committee never gave [Peter] Ueberroth enough credit for it, he came up with a plan that led to private financing of the Olympics.”
Ueberroth placed increased importance on surplus revenue and created the patron program, an initiative designed for wealthy donors to pick the finest events, seats and venues to spectate the Games for an expensive price.
The program allowed for Ueberroth to use that additional revenue to purchase tickets for underprivileged children who couldn’t afford to buy passes due to expensive rates.
“The kids who couldn’t afford to buy tickets were given free passes courtesy of the generosity of the wealthy who wanted to sit in the luxury box,” Naber said.
In an effort to directly connect athletes with sponsors, Ueberroth, who became the sixth Major League Baseball commissioner in October of 1984, believed in the notion of athletes amplifying their profiles via television news stations such as ABC, allowing for more reach in competitors obtaining sponsorships and notoriety throughout the games.
“That was a big turning point in the world of sports, period,” said Edwin Moses, gold medalist in the 400-meter hurdles in the ’76 and ‘84 Olympic Games. “If you look at basketball, football, soccer, all of those sports today really have followed that model. That was one of the big off-the-track enterprises that [Peter] Ueberroth really made possible.
“An athlete’s athlete, he believed in the power of sports and the power of sports melded with business.”
veryGood! (52)
Related
- Meta donates $1 million to Trump’s inauguration fund
- 2023 is officially the hottest year ever recorded, and scientists say the temperature will keep rising
- Not just the Supreme Court: Ethics troubles plague state high courts, too
- Seattle Seahawks coach Pete Carroll responds to Jamal Adams mocking reporter's wife
- Small twin
- Strikes on Gaza’s southern edge sow fear in one of the last areas to which people can flee
- Trevor Lawrence says he feels 'better than he would've thought' after ankle injury
- Halle Berry Reveals She Had “Rocky Start” Working With Angelina Jolie
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- 'I know all of the ways that things could go wrong.' Pregnancy loss in post-Dobbs America
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Tom Suozzi appears to be Democrats' choice in special election for George Santos' congressional seat
- Life Goes On Actress Andrea Fay Friedman Dead at 53
- Hanukkah Lights 2023
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Ancient 'ghost galaxy' shrouded in dust detected by NASA: What makes this 'monster' special
- Which NFL teams are in jeopardy of falling out of playoff picture? Ranking from safe to sketchy
- Rights groups file legal challenge with UK court, urging a halt on British arms exports to Israel
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
An appreciation: How Norman Lear changed television — and with it American life — in the 1970s
It's one of the biggest experiments in fighting global poverty. Now the results are in
United Nations bemoans struggles to fund peacekeeping as nations demand withdrawal of missions
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Wisconsin appeals court upholds decisions denying company permit to build golf course near park
Which college has won the most Heisman trophies? It's a four-way tie.
Azerbaijan to hold snap presidential election on February 7, shortly before Russia’s vote